Leasing is an international term meaning the transfer of the right to use a fixed asset from a lessor (owner) to a lessee (user) for a certain "fee" for a specific period of time in the form of a lease.


In general, leasing is a modern long-term process of financing companies and professionals so that they can obtain fixed assets, e.g. equipment and real estate for business use.

In Greece leasing was introduced in two phases. In the first phase, the Greek Law 1665/86 introduced leasing only for movable equipment for business use by the lessee. In the second phase, with the Greek Laws 2367/95 and 2682/99 leasing was expanded to other circumstances as well.


TYPES OF LEASING offered in Greece by the Association's members

  • Financial Leasing 
  • Sale and Lease Back
  • Vendor Leasing
  • Cross-border Leasing
  • Syndicated Leasing
  • Leverage Leasing


  • Financing of the total value of the investment by the leasing company without in many cases any disbursement or participation of the lessee.
  • Taxes and other incentives that have been secured by the investor through subsidy's laws for new investments are not affected by leasing.
  • Leasing offers a fast and simple procedure.
  • Leasing does not usually require additional collateral such as mortgages etc.
  • Financial control and planning for the lessee is simple since the amounts of the lease are usually predetermined for the entire period of the lease contract.
  • Flexibility in the timing of payments, which is particularly important for the companies whose cash flows are seasonal.
  • The lessee demands better sales conditions by the suppliers because the purchase is made in cash.
  • The tax deduction of the entire lease payment combined in most cases with the shorter duration of the contract offers tax advantage.
  • Liquidity rise for the lessee as he/she is given the opportunity to sell the fixed assets to the leasing company and then finance them (sale and lease-back).
  • Business protection from the technological obsolescence of its equipment (contracts with suppliers for equipment replacement, equipment depreciation during the contract period etc.).
  • Additional financing source. The lessees can acquire fixed assets without burdening the bank credit lines.




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