We participate in FOOD EXPO 2024 09-11/03: You will find us in Hall 02 / Booth Ε33

Q&A: The 5 most frequently asked questions about Development in Greece

1. What are the advantages of establishing a company in Greece?

  • Easy process of establishing a company in Greece.
  • Simplified paperwork. An example is the Private Capital Companies for the establishment of which it takes 1-3 days.
  • A Private Capital Company has legal personality, is commercial and can be sole proprietorship
  • The corporate tax in the case of I.K.E. amounts to 22%
  • Dividend distribution tax is 5%
  • The tax advance for the first 3 years is reduced by 50%. After the third year of establishment the advance tax amounts to 100%
  • The application fee amounts to 1000 euros (€) per year.
  • Insurance contributions (E.F.K.A. Self Employed) start from €126 per month for new insured persons and from €220 per month for old insured persons
  • In the case of I.K.E. the liability of the partners is limited, as the partners are not liable with their own personal property for the financial obligations of the company
  • The minimum amount of initial capital is 1 euro (€)

2. Why Choose an IKE?

  • The duration can now be not only definite but also indefinite.
  • IKE’s profits are taxed at a constant rate of 22% regardless of profit, while the advance rate applies at 40% for the first 3 years from the year of establishment and at 80% thereafter.
  • Dividends are taxed at a rate of 5%.
  • The initial capital for setting up an IKE can be 0 euros.
  • Its formation is done by registration in the General Commercial Register (G.E.MI.) and with it both the main bodies of the company are created: the meeting of partners and the company administrator.
  • Protection of the personal property of the partner, as it is never at risk for the company’s obligations.

3. What services does EPIDOSIS offer to your business in Greece?

  • Personalized Tax Planning based on Greek tax legislation
  • Establishment of a company in Greece
  • Establishment of a Branch in Greece
  • Establishment of a Branch of a Greek company abroad
  • Accounting Support: Tax Returns, VAT Management and Submission, Financial Statements of Individuals / Partners
  • Legal Support
  • Training of the Clients

4. What is the economic perspective of Greece?

  • Wood estimates that the current account deficit will stand at 7.4% of GDP in 2023 and decline to 6.5% of GDP in 2024.

Commission for Greece:

  • Growth of 2.3% In 2024, 2.2% in 2024 and 2025
  • Inflation is forecast to slow down to 4.3% this year and 2.8% by 2024.
  • Primary surplus of 2.5% for 2024
  • Internationalized business environment
  • Stable growing banking system
  • Continued economic growth
  • Easy expansion into new markets

5. What are the opportunities for investment in innovative sectors?

In Greece, there are several innovative sectors that offer opportunities for investment. Some of them include:

  • Renewable Energy: Growth in the field of renewable energy such as solar and wind power presents significant opportunities due to the growing commitment to green energy.
  • Information and Communication Technologies (ICT): The evolution of ICT opens new possibilities, such as health applications, artificial intelligence, and cyber security.
  • Tourism and Culture: : The tourism sector in Greece remains strong, with opportunities for innovative approaches to travel and culture experience.

You can send us a message on the Contact Form  or you can call at our offices in Athens   2106810690 on in Thessaloniki 2310477725 to set the date of the seminar.

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