Question 1

What type of company should I form?

Accepted Answer

For most foreign entrepreneurs, an IKE (Private Company) is the best choice. It requires only €1 minimum capital, can be formed in 2–7 days, and offers limited liability protection. We will help you choose during our free consultation.

Question 2

How long does formation take?

Accepted Answer

An IKE can be fully operational in 2–7 business days. An AE (SA) typically takes 2–3 weeks. We handle all paperwork to keep the process as fast as possible.

Question 3

Do I need to be in Greece?

Accepted Answer

The company formation itself can be completed remotely with a power of attorney. However, physical presence in Greece is required for opening a bank account. We coordinate the process so your visit is as short and efficient as possible.

Question 4

What are the ongoing costs?

Accepted Answer

Ongoing costs include accounting fees, social security contributions (EFKA), corporate income tax at 22%, and any applicable VAT obligations. We provide a full cost breakdown during consultation.

Question 5

Can a non-EU citizen start a business?

Accepted Answer

Yes. Non-EU citizens can form a company in Greece. Depending on your situation, you may also be eligible for a residence permit through business activity. We can guide you through the requirements.

Question 6

What taxes will my company pay?

Accepted Answer

Greek corporate income tax is a flat 22%. Dividends are taxed at 5%. VAT is 24% (standard rate). We plan your tax structure with you from day one.

Question 7

Do I need a Greek bank account?

Accepted Answer

Yes, a Greek bank account is required for your business operations. We assist with the account opening process and can recommend banks experienced with international clients.

Entity Type	Minimum Capital	Formation Time	Tax Rate	Best For
Sole Proprietorship	€0	1–3 days	9%-44%	Freelancers / solo entrepreneurs
IKE	€1	2–7 days	22%	Small / medium businesses
AE (SA)	€25,000	2–3 weeks	22%	Large businesses / listed companies
Partnership (OE/EE)	€0	5–7 days	22%	Partnerships
Branch	€0	2–4 weeks	22%	Foreign companies expanding into Greece

Start a Company in Greece with Capital from €1

Choose Your Entity Type

How It Works

Free Consultation

Entity Selection

e-YMS Registration

GEMI (Commercial Registry)

Tax Office (DOY)

Operational

What's Included

International Structuring

Frequently Asked Questions

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