Published
Sep 4, 2023
Updates:
Sep 16, 2024
Greece
Price:
Delivery:
Legal forms:
Payment methods:
3 months
LLC, LLP, PLC, SA, GmbH
Document checklist:
1.Passport
2.Proof of Residence
Requirements:
Local legal address (Handled by B2B Hub)
Greece
$
1400
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Registrar
Abbreviation
Phone
General Commercial Registry
GEMI
+30 210 338 7100
Location
Capital
Official languages
Population
Currency
ISO 4217
Athens
Greece
Greek
10,341,277
EUR
Euro
Delivery
-
Certificate of incorporation
-
Articles of association
-
Meeting minutes
-
Company stamp
Certificate of incorporation
Company stamp (By stempil.com)
Registration documents and guidance
FAQ for company formation in Greece
Q: What is the process for forming a company in Greece?
A: The process for forming a company in Greece involves registering the company with the General Commercial Registry, obtaining a tax identification number, and opening a bank account.
Q: What are the different types of companies I can form in Greece?
A: The most common types of companies in Greece are the LLC (Limited Liability Company) and SA (Société Anonyme or Public Limited Company).
Q: What is an LLC?
A: An LLC is a type of company where the liability of the shareholders is limited to their share capital contribution.
Q: What is an SA?
A: An SA is a type of company that can issue shares to the public and has more stringent reporting requirements.
Q: What are the minimum requirements for company formation in Greece?
A: The minimum requirements for company formation in Greece include having at least one shareholder, a registered office address, a minimum share capital of EUR 1, and at least one director.
Q: How long does it take to form a company in Greece?
A: The time it takes to form a company in Greece can vary, but typically takes around 10 business days.
Q: What are the tax implications of forming a company in Greece?
A: Companies in Greece are subject to a corporate tax rate of 24% on their taxable profits. There is also a value-added tax of 24% on goods and services sold in Greece.
Q: What are the ongoing compliance requirements for companies in Greece?
A: Companies in Greece are subject to ongoing compliance requirements, including filing annual financial statements, maintaining proper accounting records, and renewing their business license and other permits as required. It is important to work with a qualified professional to ensure that you remain compliant with all applicable laws and regulations.
Greece has seen a steady improvement in its economy over the past few years. According to the World Bank, the country's GDP grew by 1.9% in 2019, and is projected to grow by 2.2% in 2020. The unemployment rate has also decreased from a peak of 28.2% in 2013 to 17.3% in 2019. Inflation has remained relatively low, averaging 1.6% in 2019. The country's public debt has also decreased from a peak of 181.1% of GDP in 2016 to 179.2% in 2019. These figures demonstrate that Greece is making progress in its economic recovery, and is on track to continue its growth in the coming years.
Greece is a country located in southern Europe with a tax system that includes both corporate and personal taxation.
Corporate taxation in Greece is currently at a standard rate of 24%. However, there are some deductions and allowances available, such as those for research and development, investment in machinery and equipment, and charitable donations.
Individuals in Greece are subject to a progressive tax system that includes both national and local taxes. The tax rates for national income tax range from 9% to 44% depending on the income level. Local taxes, which vary by municipality, are typically in the range of 0.025%-0.035%.
The tax year in Greece runs from 1 January to 31 December, and tax returns must be filed by the end of June of the following year. Taxpayers can file their returns electronically or on paper. Tax payments are typically due in three instalments, with the first instalment due in July, the second in September, and the final instalment in December.
Taxpayers in Greece can choose to pay their taxes either monthly or in a lump sum. Monthly payments are based on the previous year's tax assessment and are paid on the 30th day of each month. Lump sum payments are due in July, September, and December and can be paid either online or at a bank.
In addition to income taxes, there are also taxes on capital gains, dividends, and other types of income. Greece also has a value-added tax (VAT) system, which is similar to the sales tax system in other countries. The VAT rate in Greece is currently set at 24%.
It is important to note that tax laws and regulations in Greece are subject to change. Taxpayers should consult with a tax professional or the Greek tax authority for the most up-to-date information on tax rules and procedures.
Application without registration
The first director
The second director
The third director
The first shareholder
The second shareholder
The third shareholder
Articles
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