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Greece

Open a company in Greece

Why open a company in Greece?

The headline rate of corporation tax was relatively high, but it has fallen in recent years and is set to drop below 30%. Greece has received massive investment in infrastructure projects, largely financed by the EU, the economy has boosted by Olympic Games in 2004 and Greek consumer spending is higher per capita than any other EU member.

What are the main types of Greek company registration?

There are four main forms of Greek company registration:

  • Anonymi Etairia (AE): stock corporation
  • Etairia periorismenis evthinis (EPE): limited liability corporation
  • Partnerships
  • Branches

What are the main features of an EPE company?

  • Minimum share capital of €4.500, must be paid up at formation, at least half of it in cash
  • Minimum of one shareholder partner
  • Popular format because of limited liability

What are the main features of an AE company?

  • Minimum share capital of €60.000
  • The standard format for major public companies
  • Widely adopted by sole proprietors because of flexibility

What are the main features of a partnership?

  • Available either as a general (OE) or limited (EE) partnership
  • Foreign investors tend to prefer limited-liability EE partnerships
  • Minimum of two partners
  • No minimum share capital required, but usually €1000
  • Much lower level of regulatory intervention

What are the main features of a branch?

  • Foreign parent must meet Greek share capital requirements
  • Foreign parent responsible for legal and tax affairs of branch
  • Branch required to register with Greek authorities
  • Minimum of one director
  • Must appoint a local representative who is jointly and severally liable for payment of taxation
  • Bank guarantee may also be required

Company Incorporation Greece

How easy is it to recruit staff in Greece?

Greece has significant unemployment and labor costs are among the lowest in the EU. The workforce is well educated however and recruitment is straightforward. It is advisable to use a local recruitment agency.

What is the regulatory environment like in Greece?

The business environment in Greece is surprisingly liberal given the country’s reputation for bureaucracy. Regulatory standards are in line with other EU member states. There are no import restrictions or tariff barriers and capital and earnings can be freely repatriated. Greece has double taxation treaties with a number of other countries. Nonetheless it is important to note that Greek tax regulations are detailed, complex and change frequently, and it is therefore strongly advisable to consult a local specialist for tax planning.

What is the corporate tax rate in Greece?

The corporate tax rate is 24% on profits.

How much does it cost to open a company in Greece?

Our service costs €9.490 and it includes company incorporation in Greece, opening of bank account and VAT (fiscal) registration

Office for 12 months and telephone number in Greece:. € 35,090 per year.

Are there financial incentives available?

The Greek government continues to offer investment incentives to promote regional development, environmental protection and energy-efficient initiatives. The scale of the incentive depends on the industry and the location, but will typically involve grants, interest subsidies or tax allowances. There are special incentives for certain projects relating to mining and tourism.

How can I obtain more information about opening a company in Germany?

Please contact us if you have questions and/or want to receive more information on opening a company in Greece.

Support

The benefits of having your own company are virtually unlimited. Opening and managing a company with Europa Expert’s orientation is even simpler and easier. We provide all the needed support to open and manage your company in Greece.

Services we provide
Consulting for new companies (company’s name, website, etc.)
Initial registration
Corporate documents
Bank account in Greek bank
Business Address and Mailbox in Greece
Fiscal registration (VAT)
Accountancy (according to Greek Law)
Annual tax declaration
Virtual Office in Greece

Greece

Open a company in Greece

Why open a company in Greece?

The headline rate of corporation tax was relatively high, but it has fallen in recent years and is set to drop below 30%. Greece has received massive investment in infrastructure projects, largely financed by the EU, the economy has boosted by Olympic Games in 2004 and Greek consumer spending is higher per capita than any other EU member.

What are the main types of Greek company registration?

There are four main forms of Greek company registration:

  • Anonymi Etairia (AE): stock corporation
  • Etairia periorismenis evthinis (EPE): limited liability corporation
  • Partnerships
  • Branches

What are the main features of an EPE company?

  • Minimum share capital of €4.500, must be paid up at formation, at least half of it in cash
  • Minimum of one shareholder partner
  • Popular format because of limited liability

What are the main features of an AE company?

  • Minimum share capital of €60.000
  • The standard format for major public companies
  • Widely adopted by sole proprietors because of flexibility

What are the main features of a partnership?

  • Available either as a general (OE) or limited (EE) partnership
  • Foreign investors tend to prefer limited-liability EE partnerships
  • Minimum of two partners
  • No minimum share capital required, but usually €1000
  • Much lower level of regulatory intervention

What are the main features of a branch?

  • Foreign parent must meet Greek share capital requirements
  • Foreign parent responsible for legal and tax affairs of branch
  • Branch required to register with Greek authorities
  • Minimum of one director; no formal accounting requirements
  • Must appoint a local representative who is jointly and severally liable for payment of taxation
  • Bank guarantee may also be required

Company Incorporation Greece

How easy is it to recruit staff in Greece?

Greece has significant unemployment and labor costs are among the lowest in the EU. The workforce is well educated however and recruitment is straightforward. It is advisable to use a local recruitment agency.

What is the regulatory environment like in Greece?

The business environment in Greece is surprisingly liberal given the country’s reputation for bureaucracy. Regulatory standards are in line with other EU member states. There are no import restrictions or tariff barriers and capital and earnings can be freely repatriated. Greece has double taxation treaties with a number of other countries. Nonetheless it is important to note that Greek tax regulations are detailed, complex and change frequently, and it is therefore strongly advisable to consult a local specialist for tax planning.

What is the corporate tax rate in Greece?

The corporate tax rate is 24% on profits.

How much does it cost to open a company in Greece?

Our service costs €9.490 and it includes company incorporation in Greece, opening of bank account and VAT (fiscal) registration

Office for 12 months and telephone number in Greece:. € 35,090 per year.

Are there financial incentives available?

The Greek government continues to offer investment incentives to promote regional development, environmental protection and energy-efficient initiatives. The scale of the incentive depends on the industry and the location, but will typically involve grants, interest subsidies or tax allowances. There are special incentives for certain projects relating to mining and tourism.

How can I obtain more information about opening a company in Germany?

Please contact us if you have questions and/or want to receive more information on opening a company in Greece.

Support

The benefits of having your own company are virtually unlimited. Opening and managing a company with Europa Expert’s orientation is even simpler and easier. We provide all the needed support to open and manage your company in Greece.

Services we provide
Consulting for new companies (company’s name, website, etc.)
Initial registration
Corporate documents
Bank account in Greek bank
Business Address and Mailbox in Greece
Fiscal registration (VAT)
Accountancy (according to Greek Law)
Annual tax declaration
Virtual Office in Greece

IN THE USA: + 1 305 824-9100 FAX: 305 675-8584  409 NW 10th Terrace Hallandale Beach, FL 33009

IN BRAZIL:  +55 11 4063-6052 FAX: 11 3957-1612 Rua Maestro Cardim, 354 – Cjs 91 e 92 Bela Vista – São Paulo/SP                                01323-000 – Brazil

IN EUROPE: +44 020 8144-5686    

 IN THE USA: + 1 305 824-9100

 FAX: 305 675-8584
 409 NW 10th Terrace
 Hallandale Beach, FL 33009 

 IN BRAZIL: +55 11 4063-6052 

 FAX: 11 3957-1612

 Rua Maestro Cardim, 354 – Cjs 91 e 92 

 Bela Vista – São Paulo/SP

 01323-000 – Brazil 

 IN EUROPE: +44 020 8144-5686 

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