Enterprise Greece reports the following criteria for evaluation of the application: The Company must import annually foreign exchange to cover all its payments in Greece of at least US$ 50,000 and in all other respects. (b) The Company undertakes to submit to the Ministry of Economy and Development, within the time limit set in the approval decision, a letter of guarantee from a domestic or foreign bank that conforms to the model of the relevant Ministry of Economy and Development (available at https://www.ependyseis.gr/sub/nomos27/n27.htm)), which would be forfeited in favor of the State in the event of an infringement of the AN provisions 378/68 (A ‘82) and Article 25 of Law 27/1975 (Α’ 77), as amended and in force. (c) The permit is typically issued within one month from the filing of the application. The company undertakes to install the office or branch within the time limit set in the approval decision from the date of publication and to notify the Ministry of Shipping and the Department of Maritime Policy and Development and the Ministry of Economy and Development (Directorate of Foreign Capital). Moreover, within two (2) months from the publication of the MD approving the establishment, the company must deposit a bank guarantee of US$ 10,000