The Private Capital Company (IKE) is a corporate form that emerged in the Greek market in 2012. Due to the comparative advantages it offers, it is the most successful among company types for those interested in engaging in the business field.
Characteristics:
- • It has its own legal personality, meaning its fortune is distinct from its partners. • It functions as a commercial company, even if its purpose is not strictly commercial.
- • The assembly is responsible for making decisions concerning the company and consists of its partners. Both founders at its establishment and additional individuals can be partners.
- • The administrator is responsible for the management, administration, and representation of the company to third-party entities. Both founders at its establishment and additional individuals can be partners.
- The administrator is responsible for the management, administration, and representation of the company to third-party entities.
- The administrator does not need to be a partner but can be a third party.
Advantages:
- • The duration can now be indefinite, not limited to a specific period.
- • IKE profits are taxed at a fixed rate of 22%, regardless of earnings, while the prepayment rate is 40% for the first 3 years from the year of establishment and 80% thereafter.
- • Dividends are taxed at a rate of 5%.
- • The initial capital for establishing an IKE can be as low as 0 euros.
- • Its establishment is done by registration in the General Commercial Registry (GEMI), creating both essential organs of the company: the assembly of partners and the administrator.
- • Protection of the individual property of the partner, as it is never at risk for the obligations of the company.
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