Greek legislation recognizes a variety of corporate structures suitable for business operations within the Greek Market. These structures share similarities with those in France due to the initial influence of French Commercial Law in the 19th century.
Entry into the Greek market is commonly achieved through the establishment of a company or corporate entity. However, international businesses have the option to create a local branch or form a joint venture. Additionally, under Law 89/1989, modified by Law 3427/2005, foreign companies may establish a Greek operation exclusively providing services to their head office or associated companies outside Greece.
The process of forming a company in Greece involves several key steps:
🗂 Selecting the right company type based on the business objectives, Guidance on choosing the appropriate corporate structure, like an EPE, AE, or IKE.
📜 Creating the articles of association or the memorandum of association, Crafting the foundational documents that govern the company's operations.
🏢 Securing a registered office and choosing a company name, Establishing a legal address and a distinctive name for the business entity.
🧾 Appointing a company accountant, Ensuring compliance with financial and tax reporting requirements.
The following table illustrates the principal types of companies in Greece and their defining features.
Expert Legal Services for Greek Company Formation
As part of the incorporation procedure, we can take up the following tasks for you.
Selection of Business Entity and Formation Process: Our legal team is equipped to advise on the best- fitting business structure and manage the registration process, acting as your authorized representatives.
Drafting and Filing of Incorporation Documents: Assistance in preparing and filing the Articles of Incorporation or Statutes with the appropriate Greek authorities, including the necessary registrations with the GEMI.
Tax Registration and Guidance: Help with registering the business with the Greek tax authorities (AADE) to obtain a tax identification number (AFM) and VAT number where applicable, along with advice on the Greek tax system and ongoing tax compliance. Expat Law offers a comprehensive network of seasoned accountants and tax professionals to guarantee the meticulous management of the company's financial records.
Bank Account Opening Assistance: Guidance through the process of opening a corporate bank account in Greece, which is a requirement for the incorporation process, including the management of capital requirements for certain types of entities.
Drafting Internal Governing Documents: Creation of internal documents such as Operating Agreements for IKEs or Bylaws for AEs, detailing the operational rules, shareholder rights, and management structures.
Immigration Law Compliance: For companies with international personnel, we ensure compliance with immigration laws, including visas and residence permits.
Intellectual Property Registration: Support in registering trademarks, patents, or designs with the Greek Industrial Property Organisation (OBI) to protect the business’s intellectual property within Greece and potentially in the EU.
Contract Review and Preparation: Preparation and review of business contracts, such as employment contracts, lease agreements, and supplier agreements, ensuring they comply with Greek law and protect the business’s interests.
Website Creation: Guidance on establishing a legally compliant website for your company, which is especially crucial for certain company types like IKE.
Employment Law and HR Advice: Expert advice on Greek employment law, including contract drafting and dispute negotiation.
Real Estate Transactions and Leases:Assistance with the legal aspects of commercial real estate transactions, ensuring your property dealings are sound and secure. Business Wind-down and Dissolution:We provide counsel on the legal process for closing or dissolving your business in Greece, handling all necessary procedures.
Navigating the legal landscape for business incorporation in Greece can be complex, given the country's specific legal framework, tax system, and regulatory environment.
With our specialized knowledge and hands-on experience in Greek company formation, we ensure your journey from incorporation to operation is as smooth and successful as the Aegean Sea. Don't navigate these waters alone. Contact Expat Law today for comprehensive legal guidance and let us set the cornerstone for your business success in Greece!
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