Company formation in Greece

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Price starts from €3,500

Greece is a member of the European Union located in southern Europe, at the crossroads of Africa and Asia. Greece also has a unique combination of economic and cultural advantages that make it attractive to businessmen wishing to start a business in Greece.

This jurisdiction is the best option for:

  • Tourism;
  • Shipping;
  • Retail Trade;
  • Food Processing;
  • Textile Manufacturing;
  • Chemicals;
  • Healthcare;
  • Construction.

Benefits:

  • Greece has a strategic geographic location (within the EU) that provides businesses with access to a vast markets of Europe, Asia and Africa;
  • Developed infrastructure;
  • Tax incentives;
  • Relatively low cost of setting up a company in Greece;
  • Reputable European jurisdiction;
  • Financial services are not subject to VAT;
  • Access to educated labour.

61st

place Greece takes for ease of starting a business, according to the World Bank

57

countries have signed a double taxation avoidance agreement with Greece

22%

standard corporate tax

One of the most popular company forms in Greece is Eteria Periorismenis Efthynis or EPE (LLC)

Procedure for registration a company in Greece

Step 1. Initial Setup:

  • Initiating a preliminary project assessment
  • Preparation and filing of the package of documents

Step 2. Company registration:

  • Business Name Registration through the Chamber of Commerce and Industry
  • Getting the Tax Identification Number (TIN) from the Independent Authority for Public Revenue (AADE) (for the founders)
  • Opening a bank account and depositing a minimum share capital for the future company (at least half must be paid up in cash)
  • Setting up a company with the General Electronic Commercial Register (GEMI)
  • Registration with the AADE and granting of a Tax Identification Number (AFM) to the company
  • Registration with the e-National Social Security Fund (e-EFKA) and receiving an Employer Register Number
  • Getting permits and licenses

We also can help with:

  • Company secretarial services
  • Opening bank accounts
  • Preparing apostilled documents
  • Further legal support

Requirements for a EPE in Greece

Before deciding to set up a new company in Greece, read the information below to understand the characteristics of a Eteria Periorismenis Efthynis:

The type of company is a Eteria Periorismenis Efthynis or EPE (LLC).

Number of directors/shareholders – minimum of 1 director/ 1 shareholder.

Company secretary – no requirements.

Number of employees – unlimited.

Share capital – €4,500.

Liability – the members’ liability is limited to their respective investments in the company.

Accounting – annual accounts and annual reports are to be filed yearly.

Document requirements:

  • Copies of valid identity card or passport (for citizens of an EU Member State);
  • Identity card (for Greek nationals);
  • Original replica of Articles of Incorporation of the first legal person’s founding;
  • Evidence to prove the payment of corporate capital, where required by law, for the establishment procedure;
  • Entire details of the Director & the Shareholders;
  • Active Greek Tax Identification Number (TIN);
  • Appropriate residence permit if founders come from a third country;
  • 3 options of your desired company name;
  • Company contact email address;
  • Short description of your business activity.

Taxation in Greece:

Corporation income tax (CIT) rate: 22%

Value Added Tax (VAT) rate: 24%

Personal tax rate on income (marginal): 44%

Withholding tax (WHT) rates (for non-residents):

  • Dividends – 5%
  • Interests – 15%
  • Royalties – 20%

Tax rates on capital gains:

  • Corporate equals standard CIT rates
  • The individual tax rate is 15%

If our proposal is intriguing, we kindly request to book a call with us or send your request via Telegram messenger. By doing so, we guarantee access to a comprehensive commercial personalized offer, featuring up-to-date prices and detailed information.

We look forward to the opportunity of collaborating and delivering exceptional solutions that meet and exceed expectations of any Client.

The content of this article is intended to provide a general guide to the subject matter, not to be considered as a legal consultation.

Contact Us

If our proposal is intriguing, we kindly request to complete the form provided below to learn more. By doing so, we guarantee access to a comprehensive commercial personalized offer, featuring up-to-date prices and detailed information.

We look forward to the opportunity of collaborating and delivering exceptional solutions that meet and exceed expectations of any Client.

The content of this article is intended to provide a general guide to the subject matter, not to be considered as a legal consultation.