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Confidus Solutions

Company formation in Greece

Greece has a corporate tax rate of 29%. Companies that operate under VAT have to pay tax on purchases at 24%. Certain services, like those related to basic foodstuffs, water supplies, some pharmaceutical products, some medical equipment for disabled persons, some agricultural supplies, domestic care services, and others, benefit from a 13% VAT rate.

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Business Expansion

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Greek Business Setup
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Flag of Greece

Popular company applications

Greek corporate structures are mostly used for:

Corporate Registration requirements

Requirements for registering a company in Greece include:

Bank account introduction

Bank account introductions in Greece are offered with:

Please consider to browse our full bank directory, if a bank is not listed here.

Registration timescale

  • It takes two weeks for a new company registration or shelf company transfer, in most cases. However, the set-up or transfer process will take up to 15 business days, if the shareholder of Greek company is an overseas corporate entity
  • VAT registration requires up to 1 month in most cases (Greek tax authorities may request additional information)
  • For a ready-to-use bank account a minimum of 15-20 days is required. (Account activation is possible only upon receipt of the required information and hand-signed application forms)

    Where do I begin?

    In order to commence incorporation and bank account introduction, we will require certain corporate documents and identification information.
    Please ask us for details.

    Advantages of forming a company in Greece

    There are several advantages of forming a company in Greece, according to the World Bank report on ease of doing business. Please consider registering a company in Greece, especially, if your country of domicile has certain complications (namely political, regulatory or tax-related).

    Fast and straightforward incorporation procedureWell-developed infrastructure
    Low incorporation and maintenance costsFlexible corporate legislation
    EU-funded business support programme availableGreece is not on any of the offshore blacklists.

    Greece offers attractive benefits for companies and, depending on the industry, favourable legal structures. Please contact us now.

    Top-choice legal structures

    According to data from the Greek General Commercial Registry, the following business structures (legal entities) are the most frequently registered:

    • Public Limited Company
    • Private Company Limited By Shares

    The company formation procedure

    Company formation in Greece involves a number of stages of varying complexity and therefore requires professional assistance. The Confidus Solutions team will prepare legal documents, assist with registration and finalise the incorporation procedure.

    Setting up business

    Before your documents can be prepared, you must choose a business type and a name for your company. Confidus Solutions can validate all the relevant information and draft the incorporation documents.

    Registering a legal entity

    In order to register your company, Confidus Solutions will submit all the prepared documents to the Greek General Commercial Registry. This procedure will take approximately two weeks.

    Finalisation of company set-up

    As Confidus Solutions takes care of all stages of the company registration process, we will assist with finalising the set-up of your company as well. Usually this includes receiving the incorporation documents and any other additional documents that you may require.

    Company incorporation documents

    When registering a company in Greece, you may require the following:

      • Application blank
      • Articles of association
      • Shareholder list
      • Shareholder agreement

    Please note that the required documents can vary on a case-by-case basis.

    Incorporation expenses

    To find out what a basic company incorporation package in Greece will cost you, use the form below. If you require a more complex, tax-optimised structure, we can discuss this via our contact form — please ask us for details.

    Summary of incorporation expenses

    Additional expenses may arise if you choose a different legal entity or require a bank account, virtual office or perhaps a website.

    Additional business support

    We offer several additional services for your company. With us, you can purchase a ready-made company in Greece. Enquire now!

    Opening a corporate bank account in Greece

    Confidus Solutions will act as a banking agent for your corporate bank account in Greece. All you need to do is select a bank:

    Virtual office services for companies in Greece

    Your company in Greece may not only receive letters, but also phone calls, so instead of renting a registered address with just a post office box, it is much more convenient to rent a virtual office. A virtual office includes a registered company address, a local mailbox, a local phone number and mail and call forwarding.

    Accounting services for Greek companies

    In order to operate a business, your company will require a professional accountant to keep records, prepare the payroll, carry out transactions and compile and submit tax reports.

    We also offer company registration packages in Greece with accounting services — please ask for more information.

    Online presence

    Finally, a website for the Greek market can be added to your company registration package. Various options are available, from an inexpensive, basic website to a comprehensive e-commerce site with full-fledged SEO optimisation.

    VAT special rate application

    Special tax rate applies to basic foodstuffs, water supplies, some pharmaceutical products, some medical equipment for disabled persons, some agricultural supplies, domestic care services, hotel accommodation.