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Company Formation in Greece

World Class Lawyers for Company Formation in Greece

OIKONOMAKIS CHRISTOS GLOBAL LAW FIRM operates 4 offices in Greece (Athens, Piraeus, Thessaloniki and Ierapetra) and our world class lawyers specialize i international company formations of all kinds. For company formaton in Greece do not hesitate to contact us.

 

Greek Company Forms

There are two main types of companies incorporated in Greece:

1. Capital based companies
2. Personally owned companies

 

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We are future-oriented by setting strategic long-term goals; planning ahead is not just a necessity but an inherent characteristic of our corporate identity.

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We strive for fairness by treating everyone with respect, not just courtesy.

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Our mind-set is global thus we enjoy working seamlessly across borders.

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We focus on delivering world-class legal services and advice, thus reaching for the highest standard possible means that excellence is the only threshold.

Greek Capital Companies

1. Anonymous Company S.A. (Société Anonyme S.A.):

  • Share capital divided into shares of equal value
  • Strict provisions against disclosure, the establishment and subsequent acts
  • Long life of the company
  • Limited liability of partners / shareholders
  • Majority voting
  • Allowance for three bodies (General Assembly, Board of Directors, Auditors)
  • For the establishment of the SA require notarized document involving lawyers and various administrative authorizations as appropriate.

2. Limited Liability Company E.P.E.:

  • Minimum share capital 4.500, 00€ for establishing the company
  • Division of capital into shareholdings,
  • Disclosure requirements for the establishment and subsequent
  • Prediction of specific time duration of the Company’s, according to articles of association as per governing Law 4072/ 2012
  • Limited liability of partners
  • Majority voting of persons and capital
  • Establishing Ltd. requires a notary and lawyer with expertise in company formations.

3. Private Company I.K.E. is a new form of company formation in Greece:

  • It has certain advantages over other forms of companies
  • It is commercial and has legal personality
  • It has minimized the administrative operating costs (lawyer, notary and publications)
  • Minimum share capital of one Euro
  • The shareholding is separated from capital
  • Recognize any contribution (capital, labor or guarantor liability)
  • It simplifies the relations between partners and operated company
  • Flexibility in choice and changes/ amendments due to its versatile identity both as a capital and a private company

Greek Personal Company Forms

1. Limited Partnership – E.E.:

• Non-requirement to provide the necessary minimum capital
• Existence of general partners and limited partners. General partnerships are responsible for their personal property for unlimited corporate obligations, limited partnership is only limited to the amount of their contributions to the company.
• The limited partnership may be established via a simple private agreement.

2. Partnership – O.E.:

• Non-requirement to provide the necessary minimum capital
• All partners of a partnership are jointly and severally liable with all their personal property for corporate obligations.
• With the dissolution of the company there is still personal liability of partners for obligations of the company for a specific period of time
• The general partnership may be established and under private contract.

3. Sole Proprietorship:

• Personal company where the sole proprietor is liable for all the debts of the company with his fortune
• Flexibility in controlling every area and make quick decisions as dependent on a single person
• No minimum capital for company formation in Greece
• Set up time is minimal

Key Contacts – Lawyers with Expertise in Company Formation in Greece

Mitrogianni Aikaterini