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Doing business in Greece

How quickly can I set up a business?

4441/2016 outlines the procedures required for establishing commercial companies. In case special legislation that governs the establishment of a new company (including its tax registration) requires the permission of a state authority, the above-mentioned law is applicable, given such permission is provided first. In terms of this law’s operation, “one stop service” includes individuals or legal entities representing the state, which is responsible for initiating, processing, and concluding procedures for establishing commercial companies.

What are the legal requirements for setting up my business?

Depending on the legal form of the company to be established, the “one stop service” would be the Greek Commercial Registry or a notary. In terms of submitting supporting documentation for establishing a company, the “one stop service” information system and an electronic “one stop service” are available.

Is there anything else that I should know?

According to L. 4608/2019 and L. 4635/2019, following the completion of formal supporting documentation, for issuing any permission or approval for the completion of projects, or for the establishment or operation of strategic investments, a 45-calendar day deadline is introduced.

Furthermore according to L. 4712/2020, tax incentives are available for individuals who invest in new R&D companies (angel investors).

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