Company Law
Starting a Company in Greece and Abroad
Thinking of starting a business? Choosing the right legal structure is crucial. Whether you want to set up a company in Greece or explore options abroad, I guide you through the process - from choosing the entity type to completing registration.
What type of company should I form in Greece?
-
IKE (Private Company) - Most popular choice. Minimum capital €0, limited liability, flexible management. Ideal for small to medium businesses.
-
OE (General Partnership) - Simple structure, partners share unlimited liability. Good for family businesses.
-
EE (Limited Partnership) - Mix of general and limited partners. Useful for investors.
-
EPE (Limited Liability Company) - Higher formality than IKE, €4,500 minimum capital.
-
AE (Société Anonyme) - For larger businesses, €25,000 minimum capital, more regulatory requirements.
Why do many choose IKE?
The IKE (Ιδιωτική Κεφαλαιουχική Εταιρεία) has become Greece's most popular company type since 2012. Key advantages: no minimum capital requirement, limited liability for shareholders, simple incorporation process, flexible profit distribution, and lower administrative burden. It's particularly suitable for startups, freelancers going corporate, and small businesses.
What about forming a company abroad?
-
Cyprus - EU member, 12.5% corporate tax, English legal system, good for holding companies
-
Bulgaria - EU member, 10% flat tax, lowest in EU, quick incorporation
-
UK (LTD) - Post-Brexit still attractive, quick online formation, prestigious jurisdiction
-
Netherlands (BV) - Favorable holding regime, good treaty network
-
Delaware/Wyoming (USA) - Privacy, no state tax on out-of-state income
What documents do I need?
-
Valid ID or passport for all founders
-
Tax registration number (AFM) for Greek companies
-
Proof of address
-
Articles of association (I draft these)
-
Bank account for capital deposit (if required)
-
Power of attorney (if you can't be present)
How long does it take?
In Greece, an IKE can be formed in 1-3 business days through the One-Stop Shop service if all documents are ready. More complex structures (AE, EPE) take longer due to additional approvals. Foreign company formation varies: Cyprus takes about 1 week, Bulgaria 2-3 weeks, UK can be same-day online.
What are the ongoing obligations?
Once your company is formed, you'll need to maintain proper accounting records, file annual tax returns, hold annual shareholders meetings (for some types), and comply with any sector-specific regulations. I can connect you with accountants and help ensure ongoing compliance.
How I help with company formation
First, I understand your business plans and advise on the best structure considering liability, taxation, and administrative burden. Then I prepare all legal documents, handle the registration process, and ensure you're set up correctly from day one. For foreign companies, I work with local partners to ensure smooth incorporation while you stay in Greece.
Ready to start your business? Let's discuss the best structure for your needs and get your company up and running.
Kind Regards,
Nefeli
