Starting a company in Greece is a straight forward process. It is important to decide on the most appropriate company structure for your business and proposed operations. We have discussed the different options below and provide a guide on how to start a company in Greece.
Private Company (IKE)
This is a simple and flexible company structure. Liability is limited. An IKE is established by one or more persons who owns shares. The minimum capital requirement is €1 and there is an administrator (no board of directors). There are statutory audit requirements which are undertaken in line with EU directives.
The legal representatives have liability and the time required for incorporation is approximately five days.
This company structure is suited to small and middle sized companies who require flexibility to operate.
There is a ‘One-Stop-Shop’ procedure for establishing the company which our team can assist you with. There is a requirement that within a month of incorporation a website is created.
Our Tsaks Consulting IKE establishment service includes:
- Establishing the company on the General Commercial Register
- Writing the Articles of Association as required.
- Drafting relevant documents and declarations.
- Issuance of tax and insurance certificates.
- Issuing the TIN number.
- Verifying proposed name / trademark.
- Submitting other required documentation to the commercial register.
- Payment of company establishment fees.
Enquire today for a fixed price fee for our team to establish your company in Greece. Our services also include setting up bank accounts, tax representation and acting as your designated nominee.
Branch Office
Another option for expanding into Greece is to open a Branch Office in Greece. This involves setting up a branch office usually as either a Limited Liability Company or a Societe Anonyme (S.A). The process generally involves gaining approval from local authorities and attaining a tax registration number.
The appropriate corporate entity type will be decided by the authority responsible for approval. They do this by reviewing the information you submit. You need to appoint a legal representative to act in your name (we provide this service).
The Branch office structure has identical tax and accounting obligations to a local Greek company. The tax rate is equivalent. A VAT number and Tax I.D. is required. Our team can help you through the entire process including branch office registration, accounting and book keeping, legal advice and opening a bank account.
Our team here at Tsaks Consulting can help you:
- Understand your tax obligations.
- Negotiate and navigate any legal issues and agreements.
- Incorporate and manage your company.
- Decide on the most appropriate corporate structure.
- Manage HR and other functionalities.
- Arrange and navigate migration issues for your team.
- Translate critical documents.
- Develop and submit quality tenders and proposals to win government tenders.
- Strategic advice, business analytics and market analysis.
Contact our team today to discuss your expansion into the Greek market and your accounting, legal and marketing needs.