Greece flag Greece: Operating a Business in Greece

Starting a business in Greece

Legal Forms of Companies

Eteria Periorismenis Efthynis (EPE): Private Limited Company
Number of partners: Minimum of 1 partner and 1 director.
Capital (max/min): Minimum 4,500 EUR totally released up to this amount.
Shareholders and liability: Liability is limited to the amount contributed.
Anonymos Eteria (AE): Limited Company
Number of partners: Minimum of 1 partner and 3 executives.
Capital (max/min): Minimum 60,000 EUR totally released up to this amount.
Shareholders and liability: Liability is limited to the amount contributed.
Omorithmos Eteria (OE): General Partnership
Number of partners: Minimum of two partners.
Capital (max/min): No minimum capital.
Shareholders and liability: Partners' liability is joint and unlimited.
Eterorithmos Eteria (EE): Limited Partnership
Number of partners: Minimum of two partners.
Capital (max/min): No minimum capital.
Shareholders and liability: Liability is unlimited for at least one active partner. Liability of sleeping partners is limited to the amount contributed.
New Private Limited Company (IKE)
Capital (max/min): No minimum capital.
The Competent Organisation
Upon establishment, the company is required to register with the Tax Office, procure accounting and company books stamped by the Tax Authorities and register with the Local Chamber of Commerce. Consult The Athens Chamber of Commerce and Industry for additional guidance. This, however, may change in the future: among the initial demands of the Troika in negotiations was the abolition of mandatory membership in chambers of commerce. The Chamber strongly resisted, and the Troika has not substantially pressed the issue for the time being, but this provision is likely to be a sticking point in future negotiations.
Company Directories
Athens Chamber of Commerce and Industry
 
Setting Up a Company Greece OECD
Procedures (number) 3.0 5.2
Time (days) 4.0 9.5

Source: Doing Business, 2016

 
Business Setup Procedures
Doing Business: Greece, to learn about procedures to start a business in Greece
Athens Chamber of Commerce and Industry

Find out more about Operating a Business in Greece on GlobalTrade.net, the Directory for International Trade Service Providers.

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Latest Update: May 2022

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