how to set up a company in greece

How to set up a company in Greece

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Company types in Greece

• Company limited by shares, stock corporation (AE)

• Limited liability company (EPE) • General Partnership (OE)

• Limited Partnership (EE) • Silent Partnership

•  Sole Trader

Company limited by shares, stock corporation (AE)

• This type of company can be established by at least two individuals

• The company can be formed by Greek residents or foreigners

• The shareholders’ liability is limited to the amount of the capital invested in the company

• The minimum share capital of this company should not be less than 60.000 EUR

• The directors of a stock corporation are independent, without the obligation to own shares.

Limited liability company (EPE) • The company requires a minimum share capital

EUR 4.500 • This company can be formed by at least two

partners, Greek or foreign residents • The company can be managed by one general

director• The liability of the partners is limited to the sum

invested by each one. • The directors of a Greek limited liability company

must own shares. • A limited liability company can be established by

one person, but its name becomes "one person limited liability company

General Partnership (OE) • The company can be established by at least two

members

• The shareholders have unlimited liability to the extent of their personal contribution

• No minimum share capital is required

• The shareholders have the right to step in the company's management

Limited Partnership (EE)

• The company can be formed by at least two persons or legal entities

• The company do not require a minimum share capital

• The company is composed of at least one limited shareholder, and at least one general

• shareholder

Silent Partnership

• The company registration needs at least two members

• There is a silent partner and an active one

• The silent partner is liable by his contribution, the general one has unlimited liability

Sole Trader Company

• The company can be establish by one person

• The shareholder has the right acquire all the profit and to re-invest it in his company

• The director of this company does not pay taxes

Steps for company formation in Greece

• Providing a unique name for the company

• Providing a set of identification documents

• Drafting the registration documents

• Opening a bank account

• Submitting the company registration documents at the Chamber of Commerce and Industry in Greece

Necessary documentation and information

• providing utility bills as proof of address

• providing passport copies of the shareholders and directors

• setting-up a bank account for the injection of the share capital

• submitting the company registration file at the Chamber of Commerce and Industry in Greece

Requirements for Company  Formation in Greece

• Any person of any nationality or residence can be a shareholder in a Greek company

• The company can have one director

• The company must hold a local registered office

Services Provided for Company Registration in Greece

• drafting the Articles of Association

• offering a Registered Office in Greece

• setting up a share capital bank account

• recommending a Greek accountant

Thank you for your attention

Please contact us for more information at

office@bridgewest.eu

www.companyformationgreece.com

Ph./Fax: (+44)203-287 0408