What documents are needed to open a business in Greece?

Greek citizens need to have their identity card and Tax Identification Number to start a business. European citizens require a valid passport or identity card, a tax representative in Greece.

What does it take to start a business in Greece?

8 Steps to start your company in Greece in 2019

  • Step 1- Legal Registration. …
  • Step 2- Select the Legal Form of the business. …
  • Step 3- Business Plan and Evaluation. …
  • Step 4- Registering a Company. …
  • Step 5- Obtaining a Tax Identification Number. …
  • Step 6- Special Procedures. …
  • Step 7- Make a Company Seal. …
  • Step 8- Books and Accounting.

Can a foreigner open a business in Greece?

The Greece Company Law permits foreign legal entities looking to setup permanent establishments in Greece to open branch offices in Greece. This entity requires at least 1 director and 1 legal representative who must be resident in Greece.

How much does it cost to open a business in Greece?

The minimum capital requirement is € 60,000.00 and must be fully paid up and the own capital is in shares with nominal value from 0.30 euro to 100 euro. According to article 1 of Greek Law 2190/1920, a public limited company (SA) is a trade company, even if its business scope is not related to trade.

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Is it hard to start a business in Greece?

Greece ranks at the top in difficulty in setting up and running a business among 75 countries, according to the Global Business Complexity Index for 2019. … The easiest state to start and run a business is in the Cayman Islands.

Can I own a business in Greece?

Applying for citizenship in Greece requires seven consecutive years of living in the country and there is no need to wait that long in order to establish a company in Greece. You can definitely proceed with establishing your company with your Golden Visa residence permit.

Can you be self employed in Greece?

A sole trader in Greece often called a “freelance professional”, is a self-employed individual who is personally liable for any activities they perform in the course of their business.

How do I register a business in Greece?

How to set up a Private Company ( IKE) in Greece?

  1. Step 1: Obtain a Tax Identification Number (TIN) from Tax Authority (for the founders) …
  2. Step 2: Find a tax seat for your new company. …
  3. Step 3: Prepare the Statutes of the company. …
  4. Step 4: Register the new company to the General Commercial Registry (GEMI)

How long does it take to open a business in Greece?

When asked by the World Bank, Greece reported that it only took 15 steps and 15 days to start a business. In reality, however, there are up to 18 steps and each has other steps that could extend the processing time to months or years, unless connections and bribes are used to speed the process.

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Is Greece a good country to do business in?

Classified as an advanced and high-income economy, Greece is a developed country with a high ranking in the Human Development Index. The Greek economy consists of the service sector which contributes 85%, industrial sector which contributes 12%, and agricultural sector which contributes 3%.