Doing Business in Greece
European Union . Greece is becoming an important gateway to Eastern European and Black Sea countries.The government is currently encouraging foreign investors and entrepreneurs to come to Greece and help boost the economy.
Investors looking to start a business in Greece can choose to formalize their presence in Greece by establishing a Corporation (AE company), a Limited Liability Company (EPE company) or a branch.
The possible options regarding the type of legal entities are presented as below ;
|In English||Type of Entity||Abbrevation|
|Joint-Stock company||Anonimi Etairia||AE|
|Limited-Liability company||Etairia Periorismenis Efthinis||EPE|
|General partnership||Omorithmi Etairia||OE|
|Limited partnership||Etairorithmi Etairia||EE.|
|Private company||Idiotiki Kefaleouxiki Etairia||I.KE|
|Sole proprietorship||Atomiki Etairia||–|
Taxation in Greece
Corporate bodies are taxed for their profit and capital at the company level and owners are only taxed for dividends or any other form of distribution of profits.
Company profits are taxed at a rate of 29%.(corporate tax )
Company dividends are subject to a withholding tax at a rate of 15%, which is final.
The most important indirect tax is Value Added Tax (VAT) (the normal rate is 24%) and it applies on the majority of sales of goods and service supplies.