Greece

Greek Company Formation

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There are various benefits of Greek company incorporation for foreign investors to take advantage of. The country was boosted by their hosting of the 2004 Olympic Games, and the EU has massively financed infrastructure projects to strengthen Greece’s business core. In addition, Greek consumer spending is higher per capita than in any other EU country.

Universal Company Incorporations will be able to help your business maximise the available benefits and potential that can be found in Greece. Our multi lingual team and specialist Greek office will assist with any language or cultural problems and ensure that all regulations are complied with, as well as meeting your specific business objectives for a successful incorporation.

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Further Information

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The choice of company formation in Greece is straightforward, with four major company forms suitable for all types and sizes of businesses. These include:

  • Limited Liability Corporation (EPE)
  • Stock Corporation (AE)
  • Partnerships
  • Branches

EPEs are the most popular form as the limited liability provides protection to the owner and the requirements are accessible to a range of businesses.

AEs are the standard format for major public companies, providing a sense of prestige for the business.

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Greek regulatory standards are in line with other EU countries, providing Greece with a liberal business environment. There are no import restrictions or tariff barriers, capital and earnings can be freely repatriated, and there are a number of double taxation treaties throughout the world. Despite this, Greek bureaucracy and tax regulations are incredibly complex and are frequently updated and amended. This makes compliance difficult and specialist local advice is well advised.

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Banking in Greece has made recent advancements through deregulation and merger activity. There is a full range of facilities offered by both private and state banks, and commercial facilities such as venture capital and finance are also readily available. A Greek bank account is required to be set up during incorporation.

There are a number of financial incentives in Greece aimed to encourage investment in certain sectors of the country. The Greek government offer these in particular for regional development, environmental protection and energy-efficient initiatives. Incentives may take the form of a grant, tax allowance, or subsidy, depending on your business and where it is operating in the country.

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Finding well educated and motivated staff in Greece is an easy process. The recruitment sector has an abundance of workers, as unemployment is at one of the highest rates in Europe. Labour costs are also relatively low. There are local recruitment agencies available throughout the country, and using these will simplify the process.

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