Greece Company Formation
Greece Company Formation: A Strategic Entry Point to the European Market Main Characteristics and the basic rules of Company registration in Greece
BRIS Group provides professional Greece company formation services for entrepreneurs and international investors seeking a reliable base in Southern Europe. Establishing a Greek Private Limited Company (EPE) or Société Anonyme (AE) offers limited liability protection, access to EU markets, and a favorable business environment. Our team manages the full Greece company registration process remotely, including corporate banking support, compliance, and ongoing administration, ensuring your company in Greece is fully compliant and ready for European and global operations.
Start your Greece company with BRIS Group today — trusted experts in global incorporation.
Guide to Forming a Company in Greece
Greece offers an exceptional environment for entrepreneurs, investors, and corporations seeking to establish a strong foothold in the European Union. With its strategic geographic location, EU membership, and favorable investment incentives, Greece company formation provides access to one of the world’s largest economic zones while benefiting from modern infrastructure and an evolving business-friendly regulatory framework.
This comprehensive guide outlines everything you need to know about company formation in Greece, including setup requirements, advantages, legal structures, taxation, and the registration process.
Why Choose Greece Company Formation?
Over the past decade, Greece has undergone significant economic and legal reforms to attract foreign investment. As a result, it now stands as a prime destination for entrepreneurs looking for low-cost European residency, strategic access to EU and Balkan markets, and a stable legal system backed by EU regulations.
Key Advantages of Greece Company Formation
- Full Access to the European Union Market – Operate freely within all EU member states.
- 100% Foreign Ownership – Foreign investors can fully own and manage their businesses.
- Attractive Tax Incentives – Reduced corporate tax rates and special regimes for innovation and shipping industries.
- Strategic Location – Greece bridges Europe, the Middle East, and Africa.
- Modern Infrastructure – Upgraded ports, airports, and digital systems facilitate global trade.
- Investment Residency Opportunities – Eligible investors can obtain a Golden Visa through company ownership.
- Strong Workforce – Highly educated, multilingual professionals across key industries.
Types of Companies in Greece
|
Company Type |
Description |
|
Private Company (IKE) |
The most popular form for small and medium enterprises; minimum capital €1. Offers flexibility and limited liability. |
|
Limited Liability Company (EPE) |
Traditional corporate form with a minimum share capital of €4,500. Suitable for local and medium-sized operations. |
|
Societe Anonyme (AE) |
Equivalent to a Joint Stock Company; ideal for large-scale businesses; minimum capital of €25,000. |
|
Branch Office |
Allows foreign companies to operate legally under their parent structure. |
|
Partnership (OE/EE) |
Registered entities for small businesses with shared liability. |
Advantages of Greece Company Formation for Non-Residents
|
Advantage |
Details |
|
EU Jurisdiction |
Operate within a transparent and recognized EU legal system. |
|
Low Entry Requirements |
Incorporation possible with as little as €1 capital for IKE companies. |
|
Residency Benefits |
Eligible investors may qualify for long-term residence through business ownership. |
|
Tax Relief for Innovation |
Special incentives for R&D, technology, and energy sectors. |
|
No Local Partner Required |
100% foreign ownership allowed in most industries. |
|
Stable Banking and Financial System |
Integrated with European financial markets. |
Requirements for Company Registration in Greece
To establish a company in Greece, investors must meet certain criteria and prepare relevant documentation.
- Unique Company Name Approval – Verified and approved by the General Commercial Registry (GEMI).
- Registered Office – Must be located within Greece. Virtual offices are acceptable for certain company types.
- Shareholders and Directors – Minimum of one shareholder and one director (can be foreign individuals or entities).
- Minimum Share Capital –
- IKE: €1
- EPE: €4,500
- AE: €25,000
- Legal Documents Required –
- Articles of Association
- Passports or ID of shareholders and directors
- Proof of address
- Power of Attorney (if using a representative)
- Tax Identification Number (AFM) – Required for all shareholders and directors.
- Bank Account Setup – A corporate account in a Greek bank for capital deposit and operational purposes.
Step-by-Step Procedure for Greece Company Formation
Step 1 – Pre-Registration Consultation
Determine the ideal legal structure and prepare necessary documentation.
Step 2 – Name Reservation
Submit and reserve your company name through GEMI.
Step 3 – Draft and Sign Articles of Association
Official notarization is required for AE companies; IKEs can complete the process online.
Step 4 – Obtain Tax Numbers
All shareholders and directors must acquire a Greek tax number (AFM).
Step 5 – Capital Deposit and Bank Account Setup
Deposit the minimum share capital into a local bank account.
Step 6 – Register with GEMI
Submit all incorporation documents and obtain your Certificate of Incorporation.
Step 7 – Register for VAT and Social Security
Register with the tax authority for VAT and social insurance if employing staff.
Step 8 – Receive Business License
Once all approvals are in place, you can begin operations immediately.
Timeframe for Company Formation in Greece
|
Stage |
Process |
Estimated Duration |
|
Name Approval |
Submission and confirmation |
1–2 business days |
|
Document Preparation |
Drafting and notarization |
2–3 business days |
|
Tax Number Issuance |
AFM registration |
1–2 business days |
|
Company Registration |
Filing with GEMI |
3–5 business days |
|
VAT and Social Security Registration |
Post-incorporation setup |
2–3 business days |
Total Estimated Time: 7–14 business days, depending on structure and documentation readiness.
Greece Corporate Tax System
Greece offers competitive taxation aligned with EU standards while providing incentives to attract investment.
Key Tax Highlights
- Corporate Tax Rate: 22% (reduced from 29% in recent years).
- Dividend Withholding Tax: 5%.
- VAT Rate: 24% (reduced rates of 13% and 6% for specific goods and services).
- Capital Gains Tax: 15% on share transfers.
- Personal Income Tax: Progressive, 9%–44%.
- No Double Taxation: Greece has over 50 double taxation treaties.
- Special Incentives: Tax deductions for R&D, renewable energy, and innovation sectors.
Compliance and Reporting
- Annual tax return and audited financial statements required.
- Companies must maintain accurate accounting records under Greek GAAP or IFRS.
- Full compliance with EU AML and transparency standards.
How We Can Help You
Our Greece company formation experts provide full-scale advisory and setup services to simplify your business registration and ensure full compliance with Greek and EU regulations.
Our Services Include:
- Strategic consultation on business structure and tax optimization.
- Company name reservation and document drafting.
- Legal representation and notarization support.
- Tax registration and VAT setup.
- Corporate bank account open
Start Your Greece Company Formation Today
Let BRIS Group’s experts guide you through the entire incorporation process — quickly, securely, and with full compliance.
Contact us today:
[email protected]
Learn more about our EU Company Formation Services or schedule a free consultation to start your Greece company formation today.
Questions & Answers
1. What is the corporation tax rate in Greece?
The standard corporation tax rate in Greece is currently set at 22%. This applies to the taxable profits of resident companies and non-resident companies with income sourced from Greece. According to the Greek tax authorities, the rate may change based on future legislation, so it is crucial to stay informed.
2. How is income tax structured in Greece?
Income tax in Greece is progressive, with rates ranging from 9% to 44%. For the tax year 2023, the rates are as follows: 9% for income up to €10,000, 22% for income between €10,001 and €20,000, 28% for income from €20,001 to €30,000, 36% for income from €30,001 to €40,000, and 44% for income exceeding €40,000. This structure ensures that higher earners pay a larger percentage of their income in tax.
3. Are non-residents taxed on their income in Greece?
Yes, non-residents are subject to income tax in Greece only on income generated within the country. The tax rates for non-residents are the same as those for residents based on the progressive tax system. Non-residents might also qualify for specific exemptions, depending on tax treaties between Greece and their country of residence.
4. What is the VAT rate in Greece?
Greece employs a Value Added Tax (VAT) system with a standard rate of 24%. There are reduced rates of 13% applied to certain goods and services, such as food and drinks, and a super-reduced rate of 6% for specific items like books and medicines. These VAT rates are subject to changes, especially during financial reforms.
5. How can I find more information about taxes in Greece?
For comprehensive and up-to-date information on the tax system in Greece, including changes in rates and regulations, visit the official website of the Independent Authority for Public Revenue (IAPR) or consult with a certified tax advisor. Both resources provide detailed insights and guidance tailored to individual circumstances.
Learn more: Visit our
What are the requirements for non-residents to form a company in Greece?
Non-residents looking to form a company in Greece must provide necessary documentation such as a valid passport, proof of address, and a tax identification number from their home country. Additionally, if the company will have a physical presence in Greece, a registered local address is required. Non-residents may also need to appoint a local representative or attorney to assist with legal and administrative processes.
What types of companies can non-residents form in Greece?
Non-residents can establish various types of companies in Greece, including Limited Liability Companies (LLC), Societas Europaea (SE), or Societas Anonymas (SA), which is equivalent to a public limited company. The choice of company type typically depends on business needs, capital requirements, and the desired level of liability protection.
How long does it take to register a company in Greece for non-residents?
The timeframe for registering a company in Greece can vary, but generally, it takes between 2 to 4 weeks. This period includes preparing the necessary documentation, acquiring permits, and tax registrations. It is advisable to work with local legal counsel to streamline the process and ensure compliance with Greek regulations.
Are there any tax implications for non-residents forming a company in Greece?
Yes, non-residents forming a company in Greece are subject to local tax regulations. Companies are typically taxed on their worldwide income, and the corporate tax rate is currently set at 22%. Additionally, non-residents may be liable for Value Added Tax (VAT) and various local taxes. It’s important to consult a tax advisor to understand the specific implications based on individual circumstances.
Do non-residents need to physically visit Greece to establish a company?
While it is possible to establish a company in Greece remotely, some steps may require a physical presence, such as opening a bank account or signing documents. However, many non-residents choose to hire a local service provider or attorney who can manage the process on their behalf, reducing the need for frequent travel.
What support services are available for non-residents wanting to form a company in Greece?
Non-residents can access various support services for forming a company in Greece, including legal and accounting firms that specialize in company registration. Additionally, there are business consulting firms that assist with all aspects, from paperwork to market entry strategies. Leveraging these services can greatly simplify the process and ensure compliance with local laws
Learn more: Visit our Full Frequently Asked Questions (FAQ) page or contact our tax and company formation team at [email protected]
This publication is provided for information purposes only. This info should not be treated as a substitute for a tax or legal consultation or legislation. You should not act on the basis of the information contained in this publication without having obtained individual advice from the professional expert.
BRIS GROUP does not assume responsibility for any damage resulting from decisions made by the reader on the basis of this publication.
About Greece
Country: Greece
Capital: Athens
Continent: Greece is a country in southeastern Europe with thousands of islands
Language: Greeks
Currency: Euro
Time Zones: GMT +2
Dial Code: +30
Abbreviations: GRC
Helping Your Company Thrive in Greece With us, starting and running a business in Greece will be easy and efficient!
- Full support of the company’s registration in Greece: from the preparation of documents to their submission.
- Remote registration: all processes are online, wherever you are.
- Secretary and Treasurer: we can take on these important roles.
- Nominal directors and shareholders: we will ensure the confidentiality of your information.
- Help in opening a bank account: we will simplify this complex process.
- Registration for taxes, VAT and EORI: ensure all requirements are met.
- Website development: we will create a professional online representation for your business.
- Logo creation: we will design a unique and memorable logo for your brand.
- Full administrative support of the company: we will take over routine tasks.
- Mailing address organization: we provide a reliable mailing address for your business.
- Organization of the virtual office: we will ensure the professional image of your company.
- Telephone answering service: we will answer calls on behalf of your company.
- Accounting, audit and reporting: ensure accurate and timely accounting.
- Preparing and filing a VAT declaration: let’s save you the trouble.
- Interaction with local authorities: take over communication with state institutions.
- Trademark registration: protect your brand.
- More Emphasis on Customer Input.