{"id":53492,"date":"2024-02-26T10:21:45","date_gmt":"2024-02-26T10:21:45","guid":{"rendered":"https:\/\/epidosis.gr\/EpidosisBlog\/?p=53492"},"modified":"2024-02-26T15:59:35","modified_gmt":"2024-02-26T15:59:35","slug":"healthy-work-environment-why-its-more-important-than-ever","status":"publish","type":"post","link":"https:\/\/epidosis.gr\/en\/healthy-work-environment-why-its-more-important-than-ever\/","title":{"rendered":"Draft Law for the Conversion of Sole Proprietorship to Private Capital Company (IKE) | See the Benefits &amp; Requirements"},"content":{"rendered":"\t\t<div data-elementor-type=\"wp-post\" data-elementor-id=\"53492\" class=\"elementor elementor-53492 elementor-53491\" data-elementor-post-type=\"post\">\n\t\t\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-29e2893 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"29e2893\" data-element_type=\"section\" data-e-type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-f85e6c8\" data-id=\"f85e6c8\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-30645b3 elementor-widget elementor-widget-text-editor\" data-id=\"30645b3\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p>With Law No. 4935\/2022, the process of converting a Sole Proprietorship into a Private Capital Company (IKE) was provided for, offering tax and financial incentives under the following <strong>conditions:<\/strong><\/p>\n<p>a) Commencement of operations of the Sole Proprietorship <strong>3 years before<\/strong> before the date of conversion,<\/p>\n<p>b) Maintenance of accounting records using <strong> using the double-entry system <\/strong> by the new IKE<\/p>\n<p>c) In the case of converting multiple individual businesses into IKE, <strong>the turnover of the new company must be equal to or greater by one hundred and fifty percent (150%) <\/strong> of the turnover of the individual business with the highest turnover among the said individual businesses over the last three years.<\/p>\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-b268210 elementor-widget elementor-widget-heading\" data-id=\"b268210\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h4 class=\"elementor-heading-title elementor-size-default\">The advantages provided by this law are:<\/h4>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-d04695e elementor-widget elementor-widget-text-editor\" data-id=\"d04695e\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<ol>\n<li><strong>Exemption by thirty percent (30%) from the payment of income tax <\/strong>on pre-tax profits.<\/li>\n<li><strong>2. Duration of exemption up to nine (9) tax years, starting from the year following the date of conversion of the individual business into IKE<\/strong> That is, if the conversion is completed in the year 2024, the tax exemption will be effective from the year 2025.<\/li>\n<li><strong>The amount of exemption cannot exceed the total amount of \u20ac 500,000 <\/strong> during 9 years.<\/li>\n<li><strong style=\"font-style: inherit; background-color: var(--ast-global-color-4);\">The possibility of retaining in force in favor of the new IKE <\/strong><span style=\"font-style: inherit; font-weight: inherit; background-color: var(--ast-global-color-4);\"> all administrative licenses, including licenses specifically issued for the individual business.<\/span><\/li>\n<li><strong>Transfer to IKE of all rights and claims secured by the individual business <\/strong> from various authorities, both national and European, while maintaining the benefits of Law No. 4690\/2020, to which the individual business had been included regarding reduced insurance contributions, which are transferred to IKE.<\/li>\n<li><strong>Exemption from property transfer tax and from any tax<\/strong>including income tax on the resulting surplus, stamp duty, or any other fee payable to the State, as well as any contribution or right in favor of any third party, while there is no requirement to submit a property transfer tax return regarding the transfer and transfer of the assets of the converting business.<\/li>\n<\/ol>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-b3c9cb9 elementor-widget elementor-widget-text-editor\" data-id=\"b3c9cb9\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p><span style=\"font-style: inherit; font-weight: inherit; background-color: var(--ast-global-color-4);\">You can send us a message on the&nbsp;<\/span><strong style=\"font-style: inherit; background-color: var(--ast-global-color-4);\"><a href=\"https:\/\/epidosis.gr\/contact\" target=\"_blank\" rel=\"noopener\" data-saferedirecturl=\"https:\/\/www.google.com\/url?q=https:\/\/epidosis.gr\/contact&amp;source=gmail&amp;ust=1682768182473000&amp;usg=AOvVaw3ySEhDn_ynTjCq-mHLnJpj\">Contact Form &nbsp;&nbsp;<\/a><\/strong><span style=\"font-style: inherit; font-weight: inherit; background-color: var(--ast-global-color-4);\">or you can call us in our office in Athens&nbsp;<\/span><strong style=\"font-style: inherit; background-color: var(--ast-global-color-4);\"><a href=\"tel:+302106810690\" target=\"_blank\" rel=\"noopener\">2106810690<\/a><\/strong><span style=\"font-style: inherit; font-weight: inherit; background-color: var(--ast-global-color-4);\">&nbsp;or in Thessaloniki&nbsp;<\/span><strong style=\"font-style: inherit; background-color: var(--ast-global-color-4);\"><a href=\"tel:+302310477725\" target=\"_blank\" rel=\"noopener\">2310477725&nbsp;<\/a><\/strong><span style=\"font-style: inherit; font-weight: inherit; background-color: var(--ast-global-color-4);\">to discuss all the above.<\/span><\/p>\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<\/div>\n\t\t","protected":false},"excerpt":{"rendered":"<p>With Law No. 4935\/2022, the process of converting a Sole Proprietorship into a Private Capital Company (IKE) was provided for, offering tax and financial incentives under the following conditions: a) Commencement of operations of the Sole Proprietorship 3 years before before the date of conversion, b) Maintenance of accounting records using using the double-entry system [&hellip;]<\/p>\n","protected":false},"author":36,"featured_media":53631,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"content-type":"","site-sidebar-layout":"default","site-content-layout":"default","ast-site-content-layout":"default","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","ast-disable-related-posts":"","theme-transparent-header-meta":"default","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"default","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center 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