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Company Registration Greece

Our company incorporation experts in Greece can assist clients in the process of forming a company in this country. They can also help investors with other business related services, such as obtaining special licenses and permits for their businesses.

Company formation in Greece starts by:

  • choosing the type of company which can be opened in accordance to the company registration requirements;
  • drafting the company’s articles of association or the memorandum of association;
  • choosing a registered office;
  • electing an accountant for the company.

CompanyFormationGreece.Com offers all the above mentioned services, but one can also benefit from additional services. 

 Quick Facts  
   Types of Companies 

 Limited Liability Company 
 Branch Office
General Partnership
 Limited Partnership
Private Capital Company 

Minimum share capital for LTD Company

No minimum share capital requirement 

 Paid-in requirement (YES/NO)

  Paid-in: minimum EUR 1 
Minimum number of shareholders for Limited Company  Minimum 1  
Time frame for the incorporation (approx.)  2-3 weeks 
Corporate tax rate

Reduced to 22% starting with 2021 

Dividend tax rate


VAT Rate Rate: 24% standard rate / 13%, 6% and 0% reduced rates.
Number of double taxation treaties (approx. ) 57
Do you supply a registered address? Yes
Local director required  No
 Annual meeting required Yes 
Redomiciliation permitted  No
 Electronic signature  Yes
 Is accounting/annual return required?  accounting – yes / annual return – yes
Foreign-ownership allowed  Yes 
 Any tax exemptions available? Yes – on capital gains, tax exemption on the income tax for certain categories of employees, allowances and employment expenses, R&D deductions, etc. 
Any tax incentives  Yes, for tax residence transfers and for investments of minimum EUR 500,000 in Greece / tax incentives for angel investors / R&D tax relief. 
 Corporate bank account requirements   Proof of business address, the company’s incorporation documents and certificate of registration, bank forms, the applicant’s identity card, tax number, etc.    

 Documents for company registration  

 – certificate attesting the company name;

– a valid Greek Tax Identification Number (TIN);

– documents attesting having a registered address;

– drafting and signing the incorporation documents required for the legal entity of choice;

– addressing competent institutions, for the issuance of various certificates (such as the General Commercial Registry). 

 Visa requirements for businessmen 

Investors from outside the European Union (EU) need to apply for visas for company registration in Greece.

The requirements vary based on the visa selected (business visa, golden visa program, etc.).   

 Foreign investment programs available in Greece 

 – investment opportunities in fields such as tourism, energy, ICT, life sciences, food quality, logistics;

– the Golden Visa program;

– the Strategic Investments under the Law 4608/2019.

Institution in charge with the registration  

 The General Commercial Registry  

 Tax identification number for businesses 

 During the process of company registration in Greece, companies must obtain a Tax Identification Number (TIN), comprised of 9 digits.  

 Institution in charge with the tax registration procedures 

 Independent Authority for Public Revenue (IAPR). 

 Possibility to hire foreign workforce (yes/no)  


 Obligation to be present for the incorporation formalities (yes/no)  


 Duration of the corporate bank account setup   The procedure itself can be completed in 1-2 hours during the bank visit, but the bank representatives will have to verify all the documentation (especially for corporate bank accounts, and this can mean that the account can be fully operational in a matter of days).  
 Minimum salary in Greece 

 EUR 780 per month 

 How to obtain legal representation  

 Businessmen who need assistance on company registration in Greece can be represented by our team through the power of attorney. 

 Institution in charge with immigration formalities  

 Ministry of Migration and Asylum 

 Purchasing a shelf company (yes/no)  


 Minimum requirements for appointing directors  

Shareholders can appoint directors who meet the basic legal requirements (minimum age, no impediment to occupy the function), as long they have have a Greek TIN.

There aren't any residency/nationality requirements.   

The process of company formation in Greece

In the beginning of the company incorporation process in Greece, the entrepreneurs must be aware that all the entities registered in Greece must have a unique name so it’s advisable to check the desired name at the Chamber of Commerceand Industry which will issue an evidence of name uniqueness. 

After the investors obtain this document, they have to file the documents with the local authorities involved in the incorporation of the company. After this step, the company’s articles of association are signed in front of a Greek public notary. When depositing the company’s minimum share capital, the initial deposit must be transferred into a corporate bank account that can be opened at any local commercial bank. 

All the above documents must be delivered to the secretariat of the court of first instance, which will allocate a registration number. The company’s articles of association will be sent to the National Printing Office, and then, published in the Greek National Gazette (a summary version of the document is required). At the same time, an application for registration at the Chamber of Commerce and Industry must be delivered. 

When registering the company, the notarized articles of association, the certificate which states the approval of the company name (which is issued by the Chamber of Commerce and Industry), and the copy of the Official Gazette presenting the summary articles of association have to be submitted. This way the newly formed company is registered for the specific taxes and the social security contributions. 

After these steps for company formation in Greece are completed, one has to obtain a company seal, which is used for sealing various company documents and records. For documents such as company invoices and account books, the company has to obtain a special company stamp from the Tax Authority.   In case you are thinking of starting a business in Greece, our specialists can assist you.

The last step for company incorporation in Greece consists in notifying the Manpower Employment Organization, an obligation which must be performed within 8 days since hiring the first employee; the step can be completed via e-mail or phone. 

Greece represents an attractive destination, chosen by investors to enter the regions of Southeast Europe and the Middle East. Greece is a country that is a member state of the European Union (EU) and the European Monetary Union (EMU). This provides Greece with monetary stability and stable exchange rates. Those who want to open a company in Greece can be encouraged by the fact that the registration of a business can be completed in a period of 10 days, as long as all the requirements imposed by the local institutions are met. 

Register a Greek Anonymous Eteria (AE)

The most common type of company for large businesses in Greece is the public company limited by shares or the AE. At least two corporate bodies or individuals must establish this form of business with a minimum share capital of EUR 25,000. The capital of this company type is divided into shares, which can have a nominal value of minimum EUR 0,30 and maximum EUR 100.  

Before starting a business in Greece, you should know that the management of the Greek AE is performed by the general meeting of shareholders which will appoint the body responsible for the daily management decisions, which is the board of directors. One must know that the Greek AE can have a capital that can be increased in various moments and the shares of the company can be transferred or traded on the local Stock Exchange. The liability of its members is limited by the contribution to the capital. If you want to open a business in Greece as an AE, our team of incorporation specialists can help you.

Incorporating a Greek Eteria Periorismenis Efthynis (EPE)

Those who want to open a company in Greece as a small or medium-sized company can opt to register the private limited liability company – the Greek EPE. This company type does not have any capital requirements and it can be set up by at least one investor (known as shareholder), who can be a natural person or other corporate body. 

In the case in which the Greek EPE is set up only by a single shareholder, then the company’s name has to reflect this reality; in this particular case, the company must be named “one person limited liability company”, a name that has to appear at the end of the selected company name.  

The management of the Greek EPE is assured by the general meeting like in the case of the public limited liability company which will appoint an administrator for day to day decisions. The liability of the members is also limited by the contribution to the capital.

When opening a Greek company as an EPE, one should know that the company’s director does not have to comply with any residency requirements, as it can be imposed by the national law of other countries. It is also necessary to know that the EPE can be used for almost all business sectors, but there are certain limitations for specific sectors, and this means that the investors will not be able to register an EPE if they want to enter market sectors such as banking, insurance, stock exchange, leasing and others.  If you are interested in starting a business in Greece as an EPE, our team can help you.

Below, you can watch a video on company registration in Greece

Opening Greek partnerships 

Another way to open a company in Greece is to register a Greek general partnership, a company type that needs at least two members. There aren’t any capital requirements and the partnership can be set up based on an agreement that is signed by its founders. 

It must be noted that its founders (or members) are fully responsible for the debts of their company. They also have the right of receiving company profits in the same amount. If you want to open a company in Greece as a general partnership, our incorporation specialists can help you.

Businessmen who would like to open a business in Greece should know that the corporate law in this country prescribes another type of partnership, the limited partnership, that is set up by a general partner who has unlimited liability for the company’s debts, and a silent partner (or more), who is liable for any debts only to the extension of the capital participation of the said person. 

Only the general members can take decisions concerning the partnership and can claim profits, while the silent partners are limited in these activities. In the case in which the partnership is liquidated, the general partner can be more exposed, as he or she can pay the debts with his or her personal assets, due to the fact that the member has unlimited liability. 

Besides the company types presented above, foreign investors also have the possibility of registering branch offices, subsidiaries and representative offices. From the three of them, the Greek representative offices cannot perform any commercial activities while the rest of them can, but only in accordance with certain rules (the branch office is fully dependent on the parent company, while the subsidiary has its own level of independence). 

Opting for a Branch Office or a Subsidiary in Greece

Foreign investors who want to expand their business activity in a foreign country will generally opt to register a branch office or a subsidiary, the latter actually being incorporated as one of the legal entities prescribed by the national law. The decision on Greek company formation in this case must be established based on the management system the foreign company wants to apply here. 

While a branch office does not have a legal entity, the subsidiary is incorporated as a separate company from its parent company, incorporated by shareholders who are entitled to various management decisions for the activities of the subsidiary. 

As a general rule, if the investors decide on registering a subsidiary, the main company types for which the investors will opt are the AE or the EPE. Although the EPE is a very popular way to open a business in Greece, one should know that foreign investors will generally prefer to incorporate the Greek AE, as this business form is designed for large companies which can be listed on the stock market and this is an important advantage for companies with a reputable and solid business activity. 

Investors should know that the registration of a branch office can have lower costs, given that this entity does not have capital requirements. Its management falls under the supervision of a legal representative that is appointed by the parent company, while if the company operates as a subsidiary incorporated as an AE, then a board of directors of at least three members is necessary (and if the company is registered as an EPE, one administrator is necessary).

Do you need immigration services in Greece? We can put you in contact with our local partners who are experts in immigration law in Greece. If you want to receive immigration services, or advice on how to obtain a visa or a residence permit, our team can put you in contact with our local partners, who can provide legal advice and representation on the immigration legislation applicable in Greece

The highlights of the Greek economy

If you are planning on setting up a company in Greece, you most likely want to find out basic information on the local economy, the most developed business sectors, data on employment, level of taxation and other similar matters. Below, our specialists in company registration in Greece have prepared a short list with several aspects that can be of interest for businessmen: 

  • in a comparative analysis done by the Organization for Economic Cooperation and Development (OECD), it was observed that the taxes on personal income in Greece are situated at a value of 16, below the OECD average, of 24 (for the year 2018);
  • the OECD average for corporate taxation is of 10, while in Greece, it stands at 6;
  • with regards to the most important employer, one should know that the wholesale and retail sectors lead the market, accounting for 696,823 employees in 2017, working in 234,733 companies, according to the Statistical Business Register maintained by the Hellenic Statistical Authority;
  • the accommodation and food services industries represent the 2nd most important employer, representing 531,718 employees working in 111,780 companies;
  • investors who want to open a business in Greece must also know that other important industries, responsible for 516,082 employees are the agriculture, forestry and fishing sectors. 

If you need help in order to open a company in Greeceour team of consultants is at your disposal.