How to Register a Company in Greece
Registering a company in Greece is a step-by-step process that involves selecting a company type, choosing a name, preparing documentation, and registering with the Hellenic Business Registry and Independent Authority for Public Revenue. By following this guide and utilizing the provided resources, you should be well on your way to successfully establishing your business in Greece. Be sure to adhere to the requirements and guidelines to ensure a smooth registration process and a successful start for your company in this historic and business-friendly country.
Step 1: Choose your company type
The first step in registering a company in Greece is to choose the type of company you want to register. The most common types are:
- Limited Liability Company (Etaireia Periorismenis Efthinis - EPE)
- Société Anonyme (Anonymous Etairia - AE)
- Private Capital Company (Idiotiki Kefaleouhiaki Etairia - IKE)
- Branch of a foreign company
Step 2: Choose a company name
Before registering your company, you'll need to choose a suitable name. The Hellenic Business Registry (General Commercial Registry - GEMI) has guidelines for acceptable names, which can be found at this link: https://www.businessregistry.gr
Step 3: Prepare the required documents
Next, prepare the necessary documentation for your chosen company type. The key documents are:
- Articles of Association (for EPE, AE, and IKE)
- Application for Company Registration (for all types)
These forms can be downloaded from the GEMI's website: https://www.businessregistry.gr
Step 4: Identify company officers and shareholders
You will need to identify at least one director (for EPE, AE, and IKE) or one representative (for Branch of a foreign company). Directors or representatives must be at least 18 years old. Shareholders can be individuals or corporate entities.
Step 5: Capital requirements
Greece requires a minimum capital of €4,500 for EPEs, €24,000 for AEs, and no minimum capital for IKEs. There is no minimum capital requirement for branches of foreign companies.
Step 6: Register your company
Once your documents are ready, you can submit your application to the Hellenic Business Registry (GEMI). This can be done in person at a local One-Stop Shop (YME) or online via the following link: https://www.businessregistry.gr
The fees for registering a company are as follows:
- EPE: €650 (approximately)
- AE: €1,000 (approximately)
- IKE: €250 (approximately)
- Branch of a foreign company: €400 (approximately)
Step 7: Register for taxes
After your company is registered, you must register for taxes with the Independent Authority for Public Revenue (AADE). This can be done in person at the local Tax Office or online via the following link: https://www.aade.gr
Step 8: Obtain necessary permits and licenses
Depending on your business activities, you may need to obtain additional permits or licenses. Check with the relevant authorities and industry regulators for specific requirements.
Time-frame:
The entire registration process, from preparing documents to receiving your Certificate of Incorporation, can take anywhere from 4 to 6 weeks, depending on the complexity of your application.
