Open a company in Greece

Positive Invest invites individuals and organizations to use the services of opening offshore companies in Greece - the cradle of modern European civilization.

Opening a company in Greece: general information

Greece is a country in the south of Europe. The official language is Greek. For foreign companies, documentation in Greek is not required. Greece is a member of the EU and has joined the Eurozone. The president is at the head of the country. The country has ratified the Hague Apostille Convention.

The main budget revenues come from tourism, the banking sector, the chemical, processing, and textile industries.

Offshore companies in Greece: types of companies

In Greece, you can open a company of one of the following types:

• public corporation. There must be at least 2 beneficiaries. At the head of the organization - at least 3 directors. The minimum amount of the authorized capital is 60 thousand euros. The authorized capital must be paid in full within 30 days from the date of registration. A tax of 4.9% is paid on the authorized capital;
• closed limited liability company. Founders - at least 2. At least 1 director is appointed. If there is only one founder, then the name of the company must contain information about this. At the time of submission of documents to the registration chamber, it is necessary to pay at least 50% of the authorized capital of 18 thousand euros. The tax rate on the authorized capital is 1%;
• partnerships. It can be organized with limited and unlimited liability. The first type is characterized by the presence of general and limited founders. The second type is characterized by the presence of equal rights for all partners. They bear full responsibility for the company's debts;
• joint companies. In this case, it is not the company itself that is responsible for the debts of the company, but directly the founders;
• individual entrepreneurs. They are solely responsible for their actions.

General information about opening a company in Greece

You can open a company in Greece with any type of activity permitted by law. An important condition: the name of the company should not directly reflect the type of activity. The company will not be registered if there is already a company with the same or similar name.

For registration, you need to prepare:

• memorandum of incorporation. Mandatory presence of signatures of all founders;
• Charter of the enterprise;
• confirmation from the tax department on registration;
• minutes of the meeting of owners.

The register of owners and directors in Greece is open. Appointment of nominees and directors is prohibited. The shareholders of a business registered in the Jurisdiction may be citizens of any country. The directors are citizens of Greece or any country that is part of the EU.

Companies may not offer bearer shares without a declared par value.

Buy a company in Greece: taxes, accounting, documentation

The company must state in the Articles of Association the address at which records will be kept. Within 3 months from the end of the financial year, the founders have the right to meet to resolve company issues in any country in the world.

Accounting, reporting for companies registered in Greece is mandatory. Documentation does not have to be in Greek.

If a company is only registered in Greece, activities are carried out outside of it, then with the appropriate permission from the Ministry of Finance, it does not pay any taxes to the country's budget at all. Necessary condition: the company must annually import at least 50 thousand euros into the country for the maintenance of the office. If the number of employees exceeds 4, then for each subsequent employee the amount of the contribution increases by 12 thousand euros.

Resident companies and offshore companies operating within the country pay tax at a rate of 46% of their profits. This amount includes both income and corporate taxes. Reducing the tax rate to 24% is possible only on preferential taxation regimes. Shipping companies are exempt from paying taxes.

Registration of a company in Greece: Positive Invest services

Consulting firm Positive Invest offers services for opening offshore companies in Greece. Our specialists will perform the following work at the request of the client:

• preparation of constituent documents;
• selection of directors, obtaining licenses and necessary permits;
• registration of a foreign enterprise;
• preparation of share certificates;
• opening current accounts, search and registration of an office.

We are ready to open an offshore in Greece in the shortest possible time. We have studied the legislation of the country and offer our clients only the best options for doing business.

Contact us if you want to work in Greece - a country where business, represented by merchants, existed even before our era. We will become your reliable partners in the development of the Greek market.