Corporate Law in Greece
At our law firm, we advise investors and international companies that want to set up a company in Greece to ensure they do so efficiently and smoothly.
We will assist you throughout the entire process: from choosing the most suitable corporate form to setting up the company itself and then dealing with issues arising during your company’s day-to-day operations in Greece.
By constantly staying abreast of ongoing developments in the legislative framework, we will alert you promptly in case your company’s operations might run into any legislative problems.
As an international law firm with a presence in Greece and Germany, we are also particularly skilled in establishing Greek-German joint ventures.
Our Corporate Law Services in Greece
Greek Corporate Law: our services for companies that want to do business in Greece
Open a company in Greece
We support you in opening any company in Greece, ensuring that your company complies with the applicable laws and is established correctly.
Open a company in Germany
Our Berlin office is the point of reference for Greek entrepreneurs and companies who want to open a business in Germany. By partnering with leading notary firms, we will ensure your company’s establishment in Greece, making sure it happens as quickly as possible.
Choosing the right legal form
Choosing the correct legal form for a company is the first step in ensuring the proper development of the business in the future. Indeed, both the applicable laws and the relevant tax regime will depend on the chosen corporate form. Therefore, it is very important to take the time to evaluate your options. Then, we will advise you in making the appropriate choice by fully presenting the relevant legal and tax framework.
We offer legal advice on setting up a company in Greece to ensure that the articles of incorporation, contracts and activities carried out to comply with Greek law.
Corporate compliance with governing laws is mandatory, and steep penalties may be assessed if companies are not compliant and do not qualify for an exemption. A company must operate within the legal framework governing corporations to avoid civil or even criminal liability.
Therefore, we will carefully assess the current situation to check for any exposure to unknown risks and then take all necessary steps to address any problems that may arise.
Joint ventures are a great way for companies to expand their network, influence, and increase their bottom line. The key to a successful joint venture is making sure that each participant knows, understands, and is able to manage the role assigned to it. This often requires investigation of the partners, reviews of their financial records, and checks for conflicts of interest.
Frequently Asked Questions
FAQ about doing business in Greece
I want to incorporate a company in Greece. Can you help me?
We will guide you through every step of the process for opening a company in Greece, starting with the evaluation of the juridical form that your company should have and the best way for you to do business in Greece, which could consist in setting up a franchise, distribution agreements, a branch or subsidiary.
I own or represent a foreign company willing to acquire/merge with a Greek company. Do you deal with this?
I plan to set up a joint venture with a partner in Greece. Unfortunately, the contracts will be in Greek, and I don't speak it. How can I proceed?
Keep this in Mind!
Greek corporate law: open a company in Greece
Start a business in Greece today
The Greek government has recently made many efforts and strides to attract foreign investors and capital to the nation. Thanks to this, recent changes in the Greek legal and tax system have made Greece one of the most promising countries to open a business. In particular, Greece now offers, compared to the past, a well-defined tax framework, the ability to obtain residence permits relatively easily, and a labor cost that is among the lowest in all of Europe.
Greek One-Stop-Shop Company Setup
The modernization of the legal system in Greece has also simplified the bureaucratic procedures required to open a company in Greece.
Compared to when setting up a company was a long and complex process, today it is possible to open a company quickly and easily through the so-called One-Stop-Shop.
Company opening in Greece can be done today through an online platform, uploading all the required documents and information.
Corporate forms in Greece
The Greek legal system today provides for different corporate forms to enable domestic and international companies to do business in Greece smoothly:
- Anonymous Company (ΑΕ)
- Limited Liability Company (EΠΕ)
- Private Capital Company (IKE)
- General partnership (OE)
- Limited partnership
Greek Anonymous Company (AE)
The Greek Anonymous Company is one of Greece’s most common corporate forms. It is a joint stock company and corresponds to the German AG company. From a legal point of view, it is the corporate form with the highest status in Greece.
The Joint Stock Company in Greece is a legal form in which the shareholders are liable in a limited way only for the amount of contributed capital.
A notary public carries out the entire procedure for establishing a Greek Limited Liability Company.
Greek Limited Liability Company (EΠΕ/EPE)
It corresponds to the German GmbH. It is one of the most common corporate legal forms. It constitutes a legal entity separate from the founding partners, with liability limited to contributed capital only.
It is a legal form generally used by small or medium-sized companies for which establishing a Limited Liability Company is unnecessary.
A notary public’s services are also used to establish a Limited Liability Company in Greece.
The Limited Liability Company is structured as a partnership between the participants who own it. Therefore, when decisions need to be made, the number of participants and the value of the company shares they hold are considered in determining the majority.
There are no minimum capital requirements for the establishment of an EPE.
An EPE can be formed by one or more partners, individuals or legal entities. In cases where a single partner owns the entire capital of an EPE, the company is called a single-member EPE, and this wording is included in the company name.
Private Capital Company (IKE)
The Private Capital Company (IKE) is a new corporate form introduced in Greece that can be set up quickly and leanly, requiring a minimum share capital of only one euro.
In a Private Capital Company, the liability of shareholders for corporate debts to third parties is limited.
It can be formed by private agreement and registered with the General Commercial Registry.
We help you do business in Greece the right way
Please contact our law firm to receive the support you need in matters related to corporate law in Greece.
+30 2310 284408 (Thessaloniki)
+49 30 88702382 (Berlin)