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Setting Up a Business in Greece: A Complete Legal Guide for Greek-Americans
H1: How to Establish a Business in Greece as a Greek-American
Starting a business in Greece offers great opportunities, but navigating the legal and bureaucratic process can be complex. Greek-Americans looking to invest or expand their businesses in Greece must follow the country’s corporate laws and tax regulations. E CHATZIDIMITRIOU LLC specializes in assisting Greek expatriates with the legal framework for company formation, ensuring a smooth process from registration to full operation.
H2: Why Choose Greece for Business?
Greece is an attractive location for entrepreneurs due to its strategic location in Europe, access to the EU market, and favorable tax incentives. Whether you are planning to start a small business, a limited liability company (IKE), or a corporation (AE), understanding the Greek corporate legal system is crucial.
H2: Legal Forms of Business in Greece
Choosing the right type of company structure is essential for your business success. The most common company types in Greece include:
•Sole Proprietorship (ατομική επιχείρηση): Best for small businesses with a single owner.
• Private Company (IKE – Ιδιωτική Κεφαλαιουχική Εταιρεία): Flexible and commonly used by startups.
• Limited Liability Company (EPE – Εταιρεία Περιορισμένης Ευθύνης): Ideal for medium-sized businesses.
•Anonymous Company (AE – Ανώνυμη Εταιρεία): Suitable for large enterprises with shareholders.
H2: Steps to Register a Company in Greece
1.Choose a Business Structure: Select the best company type based on your business goals.
2.Register a Business Name: The name must be unique and approved by the Chamber of Commerce.
3.Obtain a Greek Tax Identification Number (AFM): Required for business owners and shareholders.
4.Open a Greek Business Bank Account: Necessary for transactions, payroll, and tax compliance.
5.Draft and Notarize the Articles of Association: This document defines the company’s legal framework.
6.Register with the Greek Business Registry (GEMI): The official corporate registration platform in Greece.
7.Obtain Necessary Business Licenses: Certain industries require additional permits.
8. Register for VAT and Social Security Contributions: Ensure compliance with Greek tax laws.
Contact our law firm E. CHATZIDIMITRIOU LLC via email at info@hatzidimitriouvirtuallaw.com or +13474034789 and one of our specialized associates will guide you through your case language of communication, preferably Greek.
H2: Tax and Legal Compliance in Greece
Greek companies are subject to specific tax obligations. Some of the key tax requirements include:
•Corporate Tax Rate: Currently at 22% for most businesses.
•VAT Registration: Mandatory for businesses exceeding the turnover threshold.
•Social Security Contributions: Business owners must contribute to EFKA (Greek social security fund).
•Annual Financial Reporting: Companies must submit financial statements to the Greek authorities.
H2: Business Registration for Greek-Americans Living Abroad
Greek-Americans who wish to start a business in Greece can complete the registration process remotely through a Power of Attorney (POA). This allows E CHATZIDIMITRIOU LLC to handle all legal procedures on your behalf without the need for travel.
Can I Start a Business in Greece Without Greek Citizenship?
Yes. Foreign nationals, including Greek-Americans, can establish a business in Greece without Greek citizenship. However, obtaining a Greek Tax Identification Number (AFM) is required.
How Long Does It Take to Register a Company in Greece?
On average, company registration in Greece takes 2-4 weeks, depending on the complexity of the business and documentation requirements.
Do I Need a Greek Bank Account?
Yes. A Greek business bank account is necessary for financial transactions, payroll, and tax obligations.
What Are the Costs of Registering a Business in Greece?
The total cost varies based on the type of business structure, notary fees, and administrative expenses. Contact us for a personalized cost estimate.
H2: Why Choose E CHATZIDIMITRIOU LLC for Business Formation in Greece?
•Expert Legal Assistance: Our law firm specializes in Greek corporate law and business registration.
•Remote Business Setup: We handle all legal paperwork, tax registrations, and bank account setups remotely.
•Online Consultations: Discuss your case via video call from the USA at your convenience.
•Full Legal Support in Greece & Cyprus: We manage business formations across Greece and Cyprus.
•Greek-Speaking Legal Team: Our lawyers provide services in Greek and English for clear communication.
H2: Contact Us Today for a Free Business Consultation
If you’re a Greek-American looking to start a business in Greece, let our experienced team handle the legal process for you.
Call us at +13474034789
Email us at info@hatzidimitriouvirtuallaw.com
Schedule an online consultation today!
E CHATZIDIMITRIOU LLC is committed to making your business establishment in Greece a seamless process. Contact us to get started!
Contact our law firm E. CHATZIDIMITRIOU LLC via email at info@hatzidimitriouvirtuallaw.com or +13474034789 and one of our specialized associates will guide you through your case language of communication, preferably Greek.