Phone: +44 20 3807 0556
Email: info@mevconsultants.com
Email: info@mevconsultants.com
Register a company in Greece
Company incorporation, bank accounts, accounting services in Greece
Registration packages
Services
Essential
Standard
Premium
Company registration (E.P.E./I.K.E.)
Annual registered address
Notary services and company seal
Personal tax ID
Corporate bank account
Accounting services
Start your company in Greece
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How you can register a company in Greece with us
Submit shareholder and director information to our firm with a signed power of attorney
Settle a payment for registration and banking assistance
Receive corporate documentation of the registered company and access to the corporate bank account of your company
Key details about Greece
Greece is located in the southern Balkan Peninsula and shares common borders with the following countries: Albania to the West, Bulgaria and North Macedonia to the North and Turkey to the East. Doing business in this country offers a gateway to Asia, Africa and Europe, since Greece has access to the Mediterranean Sea, to the Aegean Sea and to the Ionian Sea. Greece has a territory of 131,957 square kilometers. The capital city of Greece is Athens, the largest city and the location of key government institutions. Greece has a population of 10,7 million people.
Corporate taxation, VAT taxation, Personal taxation
- Corporate income tax - 22%
- Dividend withholding tax - 5%
- Interest withholding tax - 15%
- Royalties withholding tax - 20%
- Capital gains tax - 22%
- VAT - Standard tax rate 24% or reduced rates from 0% up to 13%
- Personal income tax - from 9% up to 44%.
The following are the most common types of companies to incorporate a company in Greece as:
- Limited liability company (Eteria Periorismenis Efthynis – E.P.E.)
- Public limited company (Anonymos Eteria - A.E.)
- Private company (Idiotiki Kefalaiouchiki Eteria - I.K.E.)
- General partnership (Omorthymos Eteria - O.E.)
- Limited partnership (Eterorythmos Eteria - E.E.)
- Branch office.
- Individuals or legal entities that are intending to register a company in Greece can be resident or non-resident in Greece.
- A resident or a non-resident individual can be a company director in Greece. It is required to set up a company in Greece with either a EU citizen as non-resident director or a non-resident director who need to receive a residence permit in Greece.
- At least 1 shareholder is required in order to register a company in Greece if such company is incorporated as a E.P.E. or a I.K.E. (a limited liability company or a private company). An individual shareholder can simultaneously become a director of this company.
- It is not required to create substance (resident employees, office space) in Greece in order to establish a company in Greece or to conduct business in the country.
- Minimum share capital that is required in order to start a company in Greece as a E.P.E. (a limited liability company) is EUR 4,500 and as a I.K.E. (a private company) is just EUR 1.
- I.K.E. registration takes between 7 and 12 business days with the bank account taking up to 2 business days.
- Details of company founders, shareholders and directors after company registration in Greece is complete is publicly available in the state corporate register.
- With our service you can register a company in Greece completely remotely upon a power of attorney.
Official currency of Greece is euro (EUR).
Greece has an economy that is primarily based on the service sector that amounts to 70% and on the industrial sector that amounts to 16%, with agrictulture representing around 4% of GDP. Among other crucial Greek sectors are tourism and shipping. Important are food and tobacco processing, textiles, chemicals, metal products, mining and petroleum. The GDP of Greece grew by 8% in 2021 and amounted to USD 197.6 billion.
In terms of foreign trade, top imports of Greece include crude oil, refined oil, petroleum products, natural gas, medicametns, cars and vehicles. Greece processes fossil fuel imports into finished products with some being exported while others are used in the country. All imports are primarily coming from Germany, Italy, France, Netherlands and China. Greece exports refined petroleum, packaged medicaments, aluminium plating, fish and other processed vegetables, as well as plastics, iron and steel products. Primary export partners of Greece are Turkey, Italy, Germany, Bulgaria and Cyprus. Other important trading partners include the UK, the US and Egypt.
Greece has an economy that is primarily based on the service sector that amounts to 70% and on the industrial sector that amounts to 16%, with agrictulture representing around 4% of GDP. Among other crucial Greek sectors are tourism and shipping. Important are food and tobacco processing, textiles, chemicals, metal products, mining and petroleum. The GDP of Greece grew by 8% in 2021 and amounted to USD 197.6 billion.
In terms of foreign trade, top imports of Greece include crude oil, refined oil, petroleum products, natural gas, medicametns, cars and vehicles. Greece processes fossil fuel imports into finished products with some being exported while others are used in the country. All imports are primarily coming from Germany, Italy, France, Netherlands and China. Greece exports refined petroleum, packaged medicaments, aluminium plating, fish and other processed vegetables, as well as plastics, iron and steel products. Primary export partners of Greece are Turkey, Italy, Germany, Bulgaria and Cyprus. Other important trading partners include the UK, the US and Egypt.
Foreign entrepreneurs expand to Greece and seek to incorporate a company in Greece in order to conduct business in the following sectors:
- shipping equipment and services
- food processing
- restaurant business
- renewable energy
- tourism
- production of cosmetics
- information and communication technologies.
Benefits of registering a company in Greece
Business climate
- Greece has an advanced, high income economy, it has the largest economy in the Balkan region
- High-quality logistics and communication infrastructure
- Access to the Mediterranean Sea, to the Ionian Sea and to the Aegean Sea allows to establish maritime trade in major regions of the world
- Greece is rich in natural resources and thus acts as a major import-export hub of minerals. It is the largest European producer of tobacco and fifth largest exporter of cotton in the world
- Highly educated and skilled workforce
- Political stability
- Secure legal and justice systems
- Comprehensive protection of property rights
- Comprehensive personal security
- Investment protection
- Low inflation
Tax incentives
- Dividend withholding tax rate is 5%
- Double tax treaties with several jurisdictions
Ease of doing business
- Companies can be opened completely remotely
- Minimum capital requirement in Greece for I.K.E is EUR 1
- No foreign exchange controls
Register your company in Greece
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