Your question: How long does it take to start a business 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.

How can a foreigner start a business in Greece?

The Registration Process in Greece for Foreigners

  1. Register your company name (ensure if the name is not being used by another company in Greece)
  2. Choose a business activity which suits the type of business you are willing to execute.
  3. Choose a corporate structure for your business.

How much does it cost to start a company in Greece?

Share capital requirements

A minimum initial capital of 25,000 Euro is required for the formation of a company limited by shares to be paid entirely or partially. Shareholders’ contributions may be in cash or in kind.

Can I open a business in Greece?

Greece provides a stable investment environment and creates business opportunities for all types of companies. … Greece, as a member of the EU and EMU, provides a stable investment environment and creates business opportunities for all types of companies.

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Is Greece a good place to start a business?

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.

Can you be self employed in Greece?

Self-employment is quite common in Greece and Greeks are much more likely than other EU citizens to be self-employed. In 2019, the proportion of those in employment who were self-employed was 27.9%, which was essentially double the EU average (13.4%) (Figure 1.5).

How do I invest in Greece?

In fact, investing directly into the Greek economy through an exchange traded fund (ETF) like GREK is the easiest way to do so. Another option is finding another mutual fund or index that closely tracks the Greek economy. If you want a gamble that could yield big gains, then invest in Greek bonds.

Which business is good in Greece?

Real estate is considered to be the most profitable industry to invest in Greece. According to the official data recently published by the Bank of Greece, foreign investment in Greek real estate grew by 94.6 % during the first half of 2019, compared to the same period in 2018.

How do I set up a sole trader in Greece?

How to Register as a Sole Trader in Greece

  1. Business name registration. The first step of establishing any type of company in Greece is choosing the business name. …
  2. Obtaining Tax ID Number. In order to legally work or establish a company in Greece, you will need an AFM Tax ID Number. …
  3. Office Address.
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