Greece Company Formation

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Greece

Company Formation and Related Services

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Buying a European shelf company with VAT number

Whenever you need to start doing business immediately in a European country and you need a company with a VAT number, you don’t have to wait for the bureaucratic procedures.

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Partner Law Firms

We encourage you to contact our partner law firms in Bucharest: Rolegal and E&C, both part of our legal network.

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Tax Minimization Structures

BridgeWest is specialized in special corporate structures designed for tax minimization. No matter where you want to incorporate your company, you will need to consider how you can legally minimize costs.

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Company Formation in Greece

F.A.Q.

Bridgewest provides the following services for company incorporation in Greece:

- drawing up the articles of association that can be signed through power of attorney (Greek laws require powers of attorney for any public notary proceedings);

- drawing up documents for company incorporation in Greece: specimen signatures, passport copies, application form required for company registration;

- arranging public notary proceedings (all procedures for company incorporation are done in front of a Greek public notary);

- providing a registered office in Greece on demand; the registered office serves as headquarters for the company in Greece and it will be made public;

- setting up a bank account for the company in Greece; BridgeWest will help in setting up the share capital bank account, as well as a current bank account once the company is incorporated;

- recommending a Greek accountant, as accounting services are needed for new businesses in Greece.

 

Types of companies in Greece

 

The limited liability company (EPE)

The Greek limited liability company is chosen for small business enterprises and requires a minimum share capital of 4,500 EUR and half of it must be paid upon incorporation in cash. The Greek limited company requires at least two shareholders who can be natural or legal persons, nationals or foreigners and also a director. The liability of the shareholders will be limited to the extent of their contributions. Single individuals are also allowed to set up so called "one person limited liability companies" that require a shareholder and a director and it is required to have a registered office.

The company limited by shares - stock corporation (AE)

The Greek company limited by shares or the stock corporation is preferred by larger companies as it requires a minimum share capital of 60,000 EUR. The nominal value of each share must be comprised between 0.30 and 100 EUR. The Greek stock corporation can be founded by at least two national or foreign individuals or legal entities that will be held liable for the company’s debts and obligations to the extent of their capital contributions.

The private company (IKE)

The Greek private company is a new form of company that requires at least one shareholder and a minimum share capital of 1 EUR. The Greek IKE is a legal entity and its shareholders are not held liable for the company’s debts and obligations.

Greek branch, subsidiary and representative office

Foreign companies are allowed to set up separate enterprises from the parent company, where the foreign company will be a shareholder in a Greek company. Foreign companies can also open extensions of the parent company in Greece.


Taxation in Greece

 

The standard VAT rate in Greece is 23%, but reduced rates of 13% and 6.5% apply to certain categories of products.

The corporate tax in Greece is set at 26%.

For both Greek and foreign companies, the dividend tax is set at 10%, but no withholding tax applies under certain provisions or tax treaties.

BridgeWest is also able to offer ready-made Greek companies and VAT registration.

Please contact us for more information regarding how to open a company in Greece and prices.
 



Articles on Company Formation in Greece

Types of Greek companies

There are many opportunities for opening a company in Greece, as it represents a welcoming business environment both for nationals and foreign investors. The Greek company law is based on the French system, the major business types are equivalent of the French. The most common way to open up a busin ...

Set up a Greek company

Although Greece is experiencing a difficult period caused by the economic crises, setting up a Greek company can be a great opportunity for investors, as the Greek tax system is simple and the government supports foreign business activities. Greece is still recognized as a competitive business envir ...

The Chamber of Commerce and Industry of Greece

The Chamber of Commerce and Industry of Greece has a lot of attributions, but is the main institution responsible for company registration. Other attributions include assisting the Government in the fields of commerce, industry, services and general development. One of the most important activities, ...

Open Company Branch or Subsidiary in Greece

Anyone wishing to conduct business in Greece finds a welcoming environment. Another advantage in setting up a business in Greece is the high qualified workforce and limited restrictions. Entrepreneurs may set up a brand new business, usually a limited liability company or may establish a company bra ...

Guide to Company Incorporation in Greece

1. What is the minimum share capital of a Greek EPE (Limited Liability Company)? In order to establish a limited liability company in Greece, or an EPE, the founders must provide a minimum capital of 4.500 EUR which must be fully paid up on signature of the Articles of Association. At least half o ...

Paying Taxes in Greece

1. What is the corporate tax in Greece? The Greek corporate tax rate is 20%, while for partnerships the corporate tax rate in Greece is 25% (except for the profits of the individual general partners taxed with 20%).   2. What is the VAT in Greece? In Greece, the standard VAT rate is ...

VAT in Greece

1. What is the VAT in Greece? The latest changes made by the Greek government regarding the VAT were made in September 2011. The standard VAT rate in Greece is 23% for the widest range of assets and services. A reduced VAT rate of 13% applies for medicine and transportation, while the previous reduc ...

Company Law in Greece

Company law in Greece is based on the French system. Therefore, the main types of the companies that can be established in Greece are pretty much the same as the ones in France. The basic rules of the Greek company law were enacted by the Parliament in the 1920s. After becoming a member state of the ...

Lawyer in Greece

A lawyer in Greece must be a member of a Bar Association in Greece. There are 63 Bar Associations and the ones in Athens, Piraeus and Thessaloniki are the largest. Members of these Greek Bar Associations differ on their degree of specialization. An attorney in Greece can only practice law in the dis ...

Greek Public Notary

Public Notaries in Greece play an important role in what legal system means. A Greek public notary shares responsibilities with those of an attorney in Greece.  Public notaries in Greece are also trained under the same conditions as lawyers. In general, a public notary in Greece is a legal offi ...

Power of Attorney in Greece

A power of attorney in Greece allows a person to represent. A power of attorney in Greece is based on the will of the person who is represented so that the attorney can perform legal transactions on behalf of the grantor. The person who receives a power of attorney does not have to give their accept ...

Company Dissolution and Liquidation in Greece

BridgeWest handles all steps required for company liquidation in Greece . Please contact us via email or phone for appointing a liquidator to carry on the company dissolution, submitting the required application forms, dealing with the Court, closing the company's bank account or any ...

Open Business in Greece
We guarantee a cost-efficient solution for full company setup, bank account and VAT registration

Meet us in Athens

Call us now at +44 203 287 0408 to set up an appointment with our lawyers in Athens, Greece. Alternatively you can incorporate your company without traveling to Greece.

As a BridgeWest client, you will beneficiate from the joint expertize of local lawyers and international consultants. Together we will be able to offer you the specialized help you require for your business start-up in Greece.