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Company Formation Greece

Updated on Sunday 20th May 2018

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 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.
 

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.
 

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