Company formation in Greece

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Greece offers a business-friendly environment, including a competitive tax system and a variety of incentives for investors. Greece is a member of the European Union, which allows businesses access to European economic and financial instruments. Developed infrastructure and modern communication networks create convenient conditions for doing business. Besides, Greece has a stable political and economic environment, which reduces risks for foreign investors.

The procedure of company registration in Greece is relatively simple and transparent, which allows it to start operations quickly. All can be done online.

Greece is rapidly developing its tourism sector, agro-industry, shipbuilding and logistics, which opens up many opportunities for investors in these areas. Greek law also provides for the protection of intellectual property rights, which is important for innovative and technological companies. Thanks to its climate and culture, Greece attracts entrepreneurs seeking to combine business activity with a high quality of life.

Manimama ensures a seamless company registration process in Greece. Trust us to provide expert guidance and support, so your business can thrive from day one in Greece. Start your journey with confidence, knowing you have the best team by your side.

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Legal Opinion about Greece as a Jurisdiction for Company Formation

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Ganna Voievodina

Manimama

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CEO

“Greece is an attractive location for company incorporation due to its strategic location at the intersection of Europe, Asia and Africa, which provides easy access to international markets. Membership in the European Union provides access to the vast EU market and various economic instruments. Contact us and we will help you to quickly register your company in Greece”.

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Our Packages

Our comprehensive packages simplify the process of setting up the perfect legal entity for your business whether you are a small start-up, a non-profit company, or an international company. Let us guide you through every step, ensuring your business begins on a solid foundation.

Company Formation

  • Choosing a company name
  • Registered address for 1 year
  • Company incorporation on-line or within a notary deal
  • Banking account for the shared capital
  • Full set of corporate documents after incorporation
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Corporate Services

  • VAT registration
  • Apostille corporate documents
  • Accounting
  • Local director
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Payment Options

  • Payment account in EU EMI
  • Banking account in EU bank
  • Corporate account on a crypto exchange
  • Many other options
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Key Numbers about Incorporations

at least 1

director for a company

up to 1-2 weeks

timeline for a company registration

no

minimum share capital

22%

corporate income tax (CIT) rate

9-44%

personal income tax (PIT) rate

24%

value added tax (VAT) rate

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Set up Your Company in Greece in Several Steps

  1. Step 1. Initial setup
    • Initiating a preliminary project assessment
    • Preparation and filing of the package of documents
  2. 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)
    • Setting up a company with the General Electronic Commercial Register (GEMI)
    • Registration with the AADE and granting of a tax identification number to the company
    • Opening a bank account and depositing a minimum share capital for the future company
    • Registration with the e-National Social Security Fund (e-EFKA) and receiving an employer register number
    • Getting permits and licenses
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Requirements for Company Formation in Greece

Before deciding to set up a new company in Greece, read the information below to understand the characteristics of a Limited Liability Company (LLC) / Εταιρεία Περιορισμένης Ευθύνης (ΕΠΕ):

    Shareholders: the company must have a minimum 1 shareholder, who can be a natural person or other corporate body. The nationality and residence of the shareholder(s) are irrelevant.

    Director: the company is required to have at least 1 director. There aren't any residency/nationality requirements.

    Company secretary: no requirement.

    Minimum share capital: there is no minimum share capital requirement.

    Legal address: the company must have its registered address in Greece.

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

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

    Taxes in Greece

    Corporate income tax (CIT)

    • The standard rate is 22%.
    • The tax return may be submitted up until the last day of the sixth month from the end of the tax year.
    Personal income tax (PIT)
    • Individuals who are Greek tax residents are liable to income tax in Greece on all their worldwide income earned in a particular tax year, whereas non-residents are taxed in Greece only on income earned in Greece, irrespective of their nationality or place of residence.
    • Depending on the income category the following PIT rates are applying (salaries, pensions, and business profits):
      • first €10,000 - 9%
      • next €10,000 - 22%
      • next €10,000 - 28%
      • next €10,000 - 36%
      • above €40,000 - 44%

    Value-added tax (VAT)

    • The standard rate is 24%.
    • The reduced rates are 13% (staple goods, such as bread, milk, meat, fish, vegetables, coffee, live animals, products to meet the needs of persons with disabilities, farming supplies, etc.; services such as stays at tourist accommodation establishments, provision of domestic care services for the young, elderly, sick, etc., operation of restaurants, cafés, confectioneries and related enterprises, etc.) and 6% (some types of medicines, preparations and reagents for use in human medicine; some types of books, newspapers and magazines; music, printed or in manuscript, whether or not bound or illustrated; electrical energy, natural gas, and district heating (teleheating); etc.) and and the 0% rate, which pertains to intra-community and international transport.
    • VAT returns must only be submitted online via the special TAXISnet network.

    Double taxation avoidance agreements in Greece: Albania, Armenia, Austria, Azerbaijan, Belgium, Bulgaria, Canada, China, Croatia, Cyprus, Czech Republic, Denmark, Egypt, Estonia, Finland, France, Georgia, Germany, Hungary, Iceland, India, Ireland, Israel, Italy, Korea, Kuwait, Latvia, Lithuania, Luxembourg, Malta, Mexico, Moldova, Morocco, Netherlands, Norway, Poland, Portugal, Qatar, Romania, Russia, Saudi Arabia, Serbia, Slovakia, Slovenia, South Africa, Spain, Sweden, Switzerland, Tunisia, Turkey, United Kingdom, Ukraine, United States of America and Uzbekistan.

    Start Your Company Formation Process with Manimama

    There are numerous reasons why Manimama is the leading company formation agent in Greece:

    Expertise in Greek Regulations

    • 1. Manimama has an in-depth understanding of Greece's legal and regulatory framework.
    • 2. Our team ensures all legal requirements are meticulously met for a seamless company formation process.

    Local and International Experience

    • 1. With extensive experience in both local and international markets, Manimama can cater to a diverse range of business needs.
    • 2. Our expertise spans various industries, providing customized solutions for each client.

    Efficient and Timely Service

    • 1. We pride ourselves on our swift turnaround times, ensuring your company is registered promptly.
    • 2. Our efficient processes minimize delays and get your business up and running quickly.

    Client-Centric Approach

    • 1. Manimama prioritizes customer satisfaction by offering personalized support and guidance.
    • 2. Our dedicated team is always available to address any concerns and provide expert advice.

    Robust Network of Local Partners

    • 1. We have established strong relationships with local authorities, banks, and service providers.
    • 2. This network ensures that your business receives the best possible support and resources.

    Ongoing Compliance Support

    • 1. We provide continuous support to ensure your business remains compliant with Greek laws.
    • 2. Our team keeps you updated on any regulatory changes that may impact your company.

    Frequently Asked Questions

    • What are the basic requirements for company registration in Greece?
      You need at least one shareholder, a registered office address in Greece, a bank account, and a minimum share capital depending on the type of company.
    • What is the minimum share capital requirement for registering a company in Greece?
      The minimum share capital requirement varies by company type. For example, for an EPE, it is typically €1.
    • Do I need a local director or shareholder to register a company in Greece?
      No, there are no requirements for a local director or shareholder. Foreigners can own and manage 100% of a Greek company.
    • How long does it take to register a company in Greece?
      Company registration in Greece can typically be completed within 1-2 weeks, assuming all required documents are in order and there are no complications.
    • Is there a need for a physical office in Greece for company registration?
      Yes, you need a registered office address in Greece where official company correspondence can be sent.
    • What are the ongoing compliance requirements for companies in Greece?
      Companies in Greece must submit annual financial statements, hold annual general meetings, maintain proper accounting records, and comply with tax obligations.
    • What taxes do companies in Greece need to pay?
      Companies in Greece are subject to corporate income tax, VAT and other taxes depending on the activities and location of the business.
    • Can foreign nationals own a company in Greece?
      Yes, foreign nationals can fully own and manage a company in Greece without any restrictions.
    • Are there any sector-specific regulations I should be aware of?
      Yes, certain sectors such as banking, insurance, pharmaceuticals, and telecommunications may have additional regulatory requirements and licensing procedures.
    • What happens if I fail to comply with Greek business regulations?
      Non-compliance can result in fines, penalties, and potentially the dissolution of the company. It is crucial to stay updated with regulatory requirements and deadlines.
    • Where can I find more information on company registration in Greece?
      Additional information can be obtained from the websites of the Greek Ministry of Development and Investments and the Hellenic Chamber of Commerce.
    Semen Kaploushenko

    Semen Kaploushenko

    KUNA, CBDO

    “The lawyers thoroughly studied my case and explained all the nuances in simple and clear language. Thank you for your excellent work and assistance”.

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    Vadym Grusha

    Vadym Grusha

    Trustee Wallet, CEO

    “The legal team of Manimama OU demonstrated exceptional competence and responsiveness”.

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    Yuriy Soshenko

    Yuriy Soshenko

    WhiteBit, CLO

    "Their confidence and professionalism made me feel like I was in safe hands”.

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    Manimama as the Best Solution for Your Company Formation in Greece

    Choosing the right partner for company registration is crucial for a smooth and successful business launch. At Manimama, our legal experts specialize in navigating complex legal landscapes, providing holistic solutions tailored to your needs.

    1. Comprehensive Legal Expertise

      Since our inception, Manimama has been at the forefront of tackling intricate legal challenges with innovative and thorough solutions. Our team of dedicated lawyers evolves alongside our firm, reflecting our people-centric philosophy and commitment to excellence.

    2. Results-Driven Approach

      Manimama is a results-oriented law firm that offers an extensive array of legal services to both individuals and corporate entities. We pride ourselves on maintaining the highest standards of integrity and a "client-first" approach, leveraging our extensive skills and knowledge to achieve the best outcomes for our clients.

    3. Global Presence and Local Expertise

      Our journey began with the establishment of Manimama OU's first European office in Estonia, a country renowned for its progressive regulation of virtual currencies, international investments, fintech, and gambling sectors. Estonia’s favorable tax system and digital-friendly investment climate provided a robust foundation for our expansion.

    4. Community Commitment

      At Manimama, we believe in giving back to society and making a positive impact. Our commitment to social responsibility is integral to our operations, ensuring that we contribute to making the world a better place while helping our clients achieve their business goals.

    By choosing our company formation service in Greece, you are partnering with a law firm that values integrity, expertise, and client satisfaction. Let us help you set up your company in Greece and pave the way for your business success.

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    We are a team that maintains a high level of integrity and a “client first” approach, applying our skills and knowledge.

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