Frequently asked questions

Establishing a sole proprietorship includes, among other things, the declaration of incorporation, registration with the relevant chamber and registration with the EFKA.
It also requires the registration of a place of business, which may be your home, under certain conditions.
Once these steps have been completed, you will receive a Business Start-up Certificate from the AADE.

Transferring your registered office to another EU country can offer tax advantages, such as lower tax rates, more favourable VAT regimes and better bank management.
Each country offers different benefits, so ideally you should speak to one of our accountant advisors to guide you.

The distribution of dividends in SAs and IKEs requires a decision of the general meeting of shareholders or partners.
Dividends are taxed at 5% withholding tax and the remaining profits can be distributed after liabilities have been covered and provisions for reserves have been met.

An increase in the share capital of an SA requires a decision of the general meeting of shareholders, amendment of the articles of association, payment of the new capital, and registration of the change in the General Register of Companies.
In addition, publication of the decision in the National Gazette is required .

Members of an AE do not have compulsory insurance with EFKA, unless they work in the company, while members of an IKE, if they are partners-managers, are subject to compulsory insurance with EFKA.
The managers of an IKE pay contributions based on the profits of the company.

An EIA requires capital of at least €18,000 and has more complex management procedures.
An IKE can be set up with a minimum capital of one euro and provides greater flexibility in terms of partner contributions.
The procedures for setting up and operating an IKE are generally simpler than those for an EIA.

Converting an EIA into an SA is worthwhile when there is a need for more capital or more transparency.
An SA offers access to the stock market and gives greater flexibility in share management.
The SA is also better suited to expanding operations and increasing transparency for a business.
Finally, legal and tax changes often change the context in which a company has been economically active, so that a legal form such as an SA is ultimately more advantageous from an economic and tax point of view.

Yes, of course. Our team consists of qualified consultants, tax advisors, financial analysts and other business support specialists. You can keep your partnership with your accountant, as long as it covers you, and receive from us only consulting services, tax planning, management of subsidized programs (NSRF), etc.