Eternity Law International — News — Company registration in Greece

Company registration in Greece

Published:
December 11, 2020

Greece is one of those countries where the company registration procedure is as close as possible to the offshore type. In addition, the legal framework in Greece is quite loyal, especially in relation to foreign entrepreneurs. It is the favorable conditions for doing and organizing business that have made Greece such a desirable jurisdiction.

Companies forms in Greece

  1. Open joint stock company. The minimum amount of initial capital must be 60 thousand euros. This amount must be paid within 30 days from the date the company was incorporated. This type of enterprise is governed by a board of directors, whose representatives are mostly EU residents.
  2. Closed company. Limited liability is imposed on the founders of such an enterprise. Requirements for the Criminal Code – 18 thousand euros. ½ of this amount is payable upon registration. A resident of the EU must necessarily be appointed to the position of director of the company, however, direct management of the enterprise can be carried out by a non-resident through a power of attorney.
  3. Unlimited and limited partnership.
  4. Joint venture.
  5. Private entrepreneurial objects that conduct separate activities and develop their own business, bearing equal responsibility in accordance with the terms of their own project.
  6. Companies engaged in shipping business.
  7. A branch of a foreign enterprise, for the opening of which you will need to obtain the approval of the prefect of the relevant region.
  8. Offshore organization. The profits that such a company makes, and if they are received outside Greece, are not taxed. To open this type of enterprise, you need to deposit a guarantee amount of 50 thousand dollars. In the event that all conditions and requirements are met, the so-called Greek offshore will receive many of the following benefits:
  • 0 rate for tax levies;
  • the company is exempt from paying various kinds of duties, such as customs, postage and others;
  • the company gets the opportunity to draw up accounting reports in the language of the native state;
  • labor resources arriving from abroad will receive a work permit for a period of 2 years.

Benefits of registering a company in Greece

Despite the fact that the tax in Greece is quite high, this state continues to actively attract foreign investment and foreign entrepreneurs. Among the main advantages of this jurisdiction for entrepreneurs wishing to register their company are the following:

  • prestige and respectability;
  • signed agreements to prevent double taxation;
  • simple business registration process;
  • confidentiality of information;
  • the opportunity to use the services of a nominee representative;
  • some tax benefits.

If you need to register a company in Greece, our specialists will help you register a company quickly and efficiently. Also, you can buy a ready-made company in Greece. Write to us in the CRM form and we will help you register a company.

Eternity Law International specialists will provide you with qualified advice on the acquisition of an offshore company, opening a bank account in any jurisdiction, as well as further support of your company’s activities at any stage.

We offer ready-made European and offshore companies. It takes 2 days to reissue documents for new owners. If you have any questions or need advice on registering or buying a company, call us at the phone numbers listed on the website, or write to us in the CRM form located at the bottom of the page. Our specialists will answer you online.

You could be interested

BIPRU companies in United Kingdom

BIPRU refers to well-know but, officially not used from the start of the 2014, definition of certain type of UK financial institutions. The term was used as an acronym to Prudential Sourcebook for Banks, Building Societies and Investment Firms. Although the BIPRU definitions are formally outdated, they still specified  in the glossary of the handbook...

ICO in 2023

An initial coin offering (ICO) is a popular innovative option for start-ups to collect funding for the development of services usually associated with cryptocurrecies or blockchain-based offers. It allows stakeholders to acquire newly-issued tokens. They may feature some usefulness associated with the products or services that the business is delivering, or they may just present a project...

Peculiarities of doing business in Hungary

What features about doing business in Hungary you should know? Like the major part of the nations in Central and Eastern Europe, Hungary has rather effective systems in place to draw in money, including international investors. Additionally, it is a good place for commerce activity since it provides the lowest corporation tax in the whole...

Corporate tax in Latvia

The system of cash flow forms the framework of the reformed business income tax system in Latvia. When dividends, conditional dividends, or payments that are equal to dividend payments are made, a Latvian corporation must pay CIT. As a result, a Latvian business is exempt from deducting CIT from its yearly earnings until any of...

Offshore company - disadvantages and advantages

Please carefully study the tax aspects in your jurisdiction before buying an offshore company in one of the island jurisdictions. Let’s take a closer look at the tax aspects associated with owning and operating an offshore company. Offshore companies are usually incorporated in two forms: International Business Company (IBC) and Limited Liability Company (“LLC”). In...

Investment summit

Experts from Great Britain, USA, Singapore will speak at Invest Summit On November 27, an international summit will be held at the NSC Olimpiyskiy. The main mission of Invest Summit is to combine innovative proposals and relevant solutions for like-minded people in the fields of investment, business and startups. The event will feature world-renowned experts...

Related posts

Company Liquidation in Greece

Company liquidation is a marble lawful and monetary workflow that defines the formal termination of a business entity. Whether driven by fiscal ruin, monetary and structural optimization, or the self-determined actions of founders, to liquidate a company in Greece ought to abide by a well-defined legislative base. This well-organised workflow encompasses multiple stages, comprising fulfilling...

Asset management license in Greece

Major Greek regulators, such as the Central Bank and the Market Capital Commission, are guided by the second version of the EU Directive when licensing operators of asset management firms, requiring applicants to provide evidence of their reliability. To obtain permission to carry out activities related to asset management, it is necessary to pass certain...

EMI license in Greece

In recent years, the world has witnessed a significant shift towards digital monetary favors. With the rise of e-commerce, mobile payments, and digital wallets, traditional banking methods have been increasingly complemented and, in some cases, even replaced by electronic money institutions (EMIs). These institutions offer a seamless and convenient way for individuals and businesses to...

Registration of a company in Poland

Poland has been a favorable market for foreign businesspersons who appreciate the country’s openness, geographic location, and well-educated and highly skilled employment market.  Accordingly, company registration in Poland is an excellent option to discover many commercial opportunities and take advantage of both low labor costs and attractive corporate taxation rates. Below is a brief overview of the...

LTD company registration in the UK

Today, registering a company in the UK is the most suitable choice for working with international partners. Among the main benefits of the jurisdictions are following: Britain is not an offshore, so it is not included in the blacklist of other states; this country has a trustworthy reputation, which positively affects the image of the...

Registration of IT company

SELECTION OF JURISDICTION AND REGISTRATION OF IT COMPANY Registration of IT company initially begins with a choice of jurisdiction. It has long been known that the development of private enterprise is a complex process that requires perseverance, financial investment, professional knowledge and technical skills. One of the main obstacles that creates difficulties for the entrepreneur...

Discover our services

The international company Eternity Law International provides professional services in the field of international consulting, auditing services, legal and tax services.

Ready-made companies for sale

Companies with a bank account around the world

Banks for sale

Established Banks for sale

Ready-made licenses for sale

Forex, cryptocurrencies, gambling, EMI, PSP, SVF, MSO, DLT

Licensing

Forex licenses, cryptocurrencies, gambling, EMI, PSP, SVF, MSO, DLT

Offshore company registration

Expert advice on the acquisition of an offshore company

Open a bank account

Open bank accounts in more than 120 banks around the world
Fill the blank: