Company Formation with Physical Presence
A new company requires an address. For a limited liability company this needs to be a property designated as commercial premises. Residential addresses are permitted for private companies, but this means the entrepreneur is personally liable for the financial performance – including debts – of the business. It also requires the entrepreneur to have a tax code.
You can open a company in any location in Greece, but we recommend Athens for the sake of infrastructure (including communications), accessibility (by air, land and sea) and prestige. The airport is just 30 minutes away from the centre of Athens.
Our consultancy service extends to include advice on government, legal and taxation matters. Regulations in Greece are relaxed and the process is relatively efficient. Most of the processes are online.
Description
| Applicable Period | Private Capital Company (IKE) | Branch Office | |
| CORE SERVICE | Annual Fee Euros | ||
| Legal and tax consultation | Every year | – | |
| Consultancy and search office premises | First year only | – | – |
| Support in office registration and opening water/electricity accounts | First year only | – | – |
| Registration tax identification number | First year only | – | – |
| Registration social security | First year only | – | – |
| Social security premium | Minimum every year | 2,004 | – |
| Government liaision for the upkeep of the licence | Every year | – | – |
| Preparating/submission of periodic financial statements to comply with tax and accounting regulations ** | Every year | – | – |
| Renewal of company license | After first year | – | – |
| Total in first year | 2,004 | – | |
| Total for each subsequent year | 2,004 | – | |
| TYPICAL COST OF OFFICE IN ATHENS | |||
| 50 sq.m. office | Monthly | 425 | |
| Landline with internet connection (up to 50 Mbps) | Monthly | 45 | |
| Water | Monthly | 25 | |
| Electricity | Monthly | 65 | |
| Accounting service in support of financial statements per year ** | Minimum annual | – | |
| * Forwarded to a specifed address at agreed intervals by post or email | |||
| ** Starting price. Rate depends on business volume and number of transactions | |||
Landline with internet connection (up to 50 Mbps)
Water
Electricity
Our service may include (ownership or rental):
- Advice regarding the more (cost) effective legal status of your new company when it comes to operations and taxation. READ MORE>>
More information here. - Scouting for appropriate office facilities that meet your needs in terms of size, location, accessibility and budget.
- Negotiations with the seller/landlord to secure you the best deal.
- Drawing up a contract that meets legal standards.
- In case of a purchase, handling the transfer of deeds at the notary public.
- Registering your new company.
- Assistance in opening a bank account with the institution of your choice.
- Assistance in ensuring you comply with maintaining financial records of your business to meet legal requirements.
- Consulting in case of office refurbishment and procurement of office assets.
- Recruitment assistance of administrative personnel.
- Assistance in the annual renewal of your trade license.
Generally, our consultancy service extends to include any advice you need on government, legal and taxation matters.