News: Registration of Company in Greece

Registration of a company in Greece

As it is said: "There is everything in Greece!". This is real truth, because the country of amazing beauty is located in the southern part of the Balkan Peninsula, and washed by three seas: the Mediterranean, the Aegean and the Ionian, and the island of Crete is washed by the Libyan Sea in the south side.

The boundaries of this ancient country lie close to Turkey, Albania, Macedonia and Bulgaria, giving unlimited opportunities for those who wish to start a business in the field of trade and tourism.

Greece is the unitary state, divided into 13 administrative regions. Issues of local significance are decided by the councils elected by direct election. The form of government is parliamentary. The head of government is the Prime Minister, who is elected by parliament. All the legislative power of the country belongs to the Chamber of Deputies.

The cultural heritage of the Greeks is quite diverse. This aspect attracts tourists to the territory of Greece, the incomes from whom constitute the lion's share of the state budget. So, if your intention is to establish company that operates in the field related to culture (souvenirs, painting, crafts), you are not mistaken.

But if you decide to establish business in this field, and you have any interesting, even know-how proposals, consider that you hit the target.

It should be noted that establishing a company or getting a job, there is invariably a need to comply with the corporate culture of this country.

This very important aspect should become the rule. Special attention should be paid to the language barrier, and if you know at least English, you are half way to success. Another important factors are clothes, organization of working time, workplace and coherence of collective work.

Business in Greece

If you want to bring to life your ideas and aspirations by starting business in Greece, consider that you have already done half the work. Despite certain difficulties in the economy, Greece is quite promising country in the sphere of business. Tax concessions are introduced in the country for all the representatives of business encouraging the development of enterprises and companies in various fields.

But it is too early to relax, as the taxation system in Greece is quite tough, namely corporate tax is 40%, inheritance tax is up to 75%.

But everything is not so terrible, for example tax from natural persons varies from 5 to 40%, but tax on real estate is 0.3-0.8% per annum, but certain areas of activity are exempt from this type of tax. The base rate of value added tax for legal entities is 18%. It is also necessary to pay income tax.

In Greece, it is possible to register company in one of a number organizational and legal forms. The most common registration of the company in Greece is Anonymos Eteria (AE), which similar to private joint-stock company. Eteria Periorismenis Efthynis (EPE) is Public Joint Stock Company. Omorythmos Eteria (OE) is company with unlimited liability. Eterorythmos Eteria (EE) is limited liability company. You can also establish joint venture - Kinopraxi, or set up subsidiary of a foreign company - Branch.

The most beneficial registration is establishing the subsidiary of a foreign company, as in this case, it becomes almost offshore, through the adoption of the law on the avoidance of double taxation. Such company is exempt from almost all taxes, and the only costly part of company registration is the insurance guarantee for 50 thousand dollars from the bank and the annual exchange of 100 thousand dollars to the national monetary currency.

Your destiny is in your hands, and only you decide where is your home and what is your happiness.

We will register ready-made company for you in Greece for the very shortest time. Buying company in Greece has never been easier. Registration of company in Greece is one of the easiest and cheapest ways to start legitimate international entrepreneurial activities. Registration of companies is one of the main directions of our work.