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

Q&A: The 5 Most Common Questions about Business Development in Greece

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

  • Easy company formation process 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 a sole proprietorship.
  • Corporate tax for Private Capital Companies is set at 22%.
  • The dividend distribution tax is 5%.
  • Reduced advance tax payment for the first 3 years, with a 50% reduction. After the third year, the advance tax payment is 100%.
  • The business tax is set at €1,000 annually.
  • Social security contributions (E.F.K.A. for non-salaried individuals) start at €126 monthly for new insured individuals and €220 monthly for existing insured individuals.
  • In the case of Private Capital Companies, partners have limited liability, as they are not personally responsible for the company’s financial obligations with their individual assets.
  • The minimum initial capital requirement is €1.

2. Why should I choose a Private Company in Greece?

  • 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.

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

  • Personalized tax planning based on the tax legislation of Greece.
  • Company establishment in Greece.
  • Establishment of a Branch in Greece.
  • Establishment of a Branch of a Greek company abroad.
  • Accounting Support: Tax Declarations, VAT Management and Submission, Financial Statements for Individuals/Partners.
  • Legal Support.
  • Client Training.

4. What is the economic outlook for Greece?

  • • Wood estimates that the current account deficit will be 7.4% of GDP in 2023 and will decrease to 6.5% of GDP in 2024

European Commission’s Projections for Greece

  • Growth of 2.3% in 2024, 2.2% in both 2024 and 2025.
  • Predicted inflation slowdown to 4.3% for the current year and 2.8% until 2024. Primary surplus of 2.5% for 2024.
  • Primary surplus of 2.5% for 2024.
  • International business environment.
  • Stable and growing banking system.
  • Continuous economic growth.
  • Easy expansion into new markets.

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

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

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

Why Epidosis?

Great experience since 1986

We have the necessary experience to organize and implement your business idea.

360° Services

We offer complete solutions, from the establishment of a company to its legal representation.

Personalised Tax Planning

We tailor our tax planning to your specific needs in order to achieve the right result.

High Specialization

Our considerable experience in setting up a company abroad is our passport to ensuring that your new venture is a complete success.