Come on, seriously? Are we living in a country where common sense has completely disappeared and shamelessness has become a national sport? In Mykonos, where even a stick of gum to wash away the dust of cosmopolitan decadence costs a small fortune, a judicial and business bombshell of enormous proportions has emerged. The official state documents regarding the company’s incorporation, which I am bringing to light today, leave no room for misinterpretation. They provoke anger, laughter, and embarrassment.
Hold on to your seats: a new heavyweight player on the Island of the Winds has been established under the impressive name “Nammos Beach Concept Single-Member Private Company”. And what is the celebrated share capital deposited to launch this new empire of luxury? One euro! A whole, round, metallic, utterly ridiculous €1.
Today, in Mykonos, one euro won’t even get someone to say “hey” to you, let alone “good morning”. Even Jesus Christ needed five loaves of bread and two fish to perform the miracle of feeding the multitude. Yet it seems that in the modern world of Psarou‘ s real estate and lifestyle scene, the Arab mega-investors and Petros Stathis’s business scheme possess even greater divine powers.
They perform miracles out of absolutely nothing, leaving the tax authorities, the Business Registry, and every struggling Greek taxpayer—who works tirelessly just to pay their installments—completely astonished. Although, between us, I find it hard to believe that the Arab fund, with all its power and influence, would ever agree to such a move. Market sources claim that Mr. “8%,” Petros Stathis, acted cunningly, though not particularly wisely. Much like in the days when he learned the tricks of the trade alongside Makis Psomiadis, the late “Makaros.” Back when Psomiadis made him president of AEK and he effectively served as a jack-of-all-trades. Unless, of course, he learned these practices during his involvement with Papermoon, when every eager PR professional was running around trying to please him.
“Company capital, company shares, and partners’ contributions: The company’s capital is set at €1.00, divided into one company share representing capital contributions…”
And the story behind the scenes is even more substantial and intriguing. Who appears as the sole shareholder contributing this famous one euro? A company named “BENESTAR PROPERTY Single-Member Société Anonyme” (Tax Identification Number 801537718), headquartered in Marousi and legally represented by Sanjay Nandi.
For those who do not know—or pretend not to understand—we are talking about the ultimate vehicle of Petros Stathis’s Monterock group, which is strategically allied with the powerful Arab capital of Alpha Dhabi. These are people who manage millions and acquire prime real estate assets, yet they come forward to operateone of the hottest brand names on the planet with initial capital that would not even cover the cost of a single takeaway coffee in a provincial town. I don’t think so. Clearly, someone did not fully inform them about the “one-euro initiative.”
And what exactly will this company, founded with 100 cents, do? According to Article 3, its corporate purpose is virtually endless and includes everything from full-service restaurant operations (Code 56110100) to the retail sale of lighters, cigars, and cigarettes; wholesale food trade; parking services; luxury room rentals; travel agency services; bars; cafés; wedding and conference organization; and even the operation of pedal boats and beach umbrellas. The whole Mykonos served on a platter—for one euro!
The legal structure of a Private Company obviously permits this, as the law allows companies to be established with virtually no capital. But we are not talking about a neighborhood convenience store here—we are talking about Nammos! Common sense throws up its hands in surrender, and the provocation toward a society that is already struggling is enormous.
The “miracle” of Mykonos is no longer measured by the millions changing hands behind closed doors, but by how an entire empire can be built with one euro, while ordinary people continue to go into debt just to breathe the air of the Aegean.
Seriously, are you taking us for fools?
