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Company Incorporation in Greece

How to start a Greek limited company. Incorporation or formation of a company in Greece.

 

 

Types of companies in Greece

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There are different types of companies in Greece:

  • A company that is limited by shares
  • A company that has limited liability
  • Branches of foreign companies

A company that is limited by shares (A.E.) This type of company needs:

  • At least two shareholders in order to form the company
  • The shareholders may be residents or non-residents, individuals or companies
  • There must be a Board of directors
  • The liability of the owners is limited to the capital that has been invested
  • A meeting of the shareholders must take place within 6 months of the end of the fiscal year in order to approve the financial statements
  • The minimum capital is 60,000 Euros, with a nominal value of 0.30 Euros (100 Euros per share)

Establishing this type of A.E. company will also require spending 1,000 Euros for lawyer's fees and 1,500 Euros for publications in the Government Gazette.

A company that has limited liability (E.P.E.) The characteristics of this type of company are:

  • The minimum capital is 18,000 Euros, with a minimum of 30 Euros per share
  • The company may have one or several directors
  • The liability of the shareholders is limited to the capital that has been invested
  • A meeting of the shareholders must take place within 6 months of the end of the fiscal year in order to approve the financial statements

Branches of foreign companies

In order for a foreign company to open a branch in Greece, the branch must have the same minimum share capital as is required for local Greek companies.