We can incorporate both, an Eteria Periorismenis Efthynis (EPE) Limited Liability Company and the more flexible, Idiotiki Kefalaiouchiki Etaireia (IKE) Private Company.
A EPE company requires one shareholder and one director. The liability of the shareholders is also limited by the contribution to the share capital.
An IKE company requires a minimum of one single partner with no restriction placed upon the nationality or residency. An IKE can only be registered for a definite duration. If no specific time frame is mentioned in the Memorandum and Articles of Association, the duration of the company is assumed to be 12 years.
Both EPE and IKE companies are incorporated via the “One Stop Shop” service with the Greek authorities.
Before registering a company with the General Electronic Commercial Registry (GEMI) the directors and shareholders of the company are required to register with the Tax Office and obtain a Tax Identification (TIN).
If the origin of the shareholders are not from Greece, a Tax representative must be appointed in order to obtain the TIN.
A Greek Limited Company has to be registered with the Notary Public
The founders of the company submit to the Notary Public all documents necessary in order to incorporate the company:
After approval of the above documents, the legal representative with a power of attorney granting specific authority to do so, have to appear before the notary public and sign the contract of incorporation, in which the Articles of Incorporation are included.
The Notary Public issues a Certificate confirming the date of incorporation, name and company type, General Commercial Registry number, Tax Registration Number, Professional Chamber registration number and the number of Official Gazette publication.
An IKE is established and amended by a simple private document, which is under the control of the General Commercial Registry (GEMI).
Notarisation is not required for the articles of association or any other resolutions and actions of the shareholders directors making this structure fast to incorporate.
To incorporate a Greek company the following is required for the company registrar:
We check that your company name is acceptable and is not already incorporated with the Greek Companies Registry. Greek Company Law requires IKE companies to mention that it is a “Private Company” in the company name.
In Greece there is no such term as a Registered Office; rather, a physical Representative Office based in Greece is requested by the authorities. The space will be physically inspected by tax officers.
Greek Eteria Periorismenis Efthynis (EPE) are required to file an annual financial statement and an annual return. Large companies may be subject to an audit.
The concept of a ready made company does not exist in Greece, hence ready made companies are not available in this jurisdiction.