Source-cited draft: company formation & entity choice for Greece (tax year 2025) — rates, thresholds and rules with primary-source citations. Unverified; pending local-accountant review.
Written by the OpenAccountants team. Written by the OpenAccountants team from the official sources it cites.
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Common entity types overview
The most common Greek business vehicles are the Private Company (IKE), the Limited Liability Company (EPE), and the Societe Anonyme (AE). The IKE is the dominant choice for SMEs due to its EUR 1 minimum capital.
Private Company (IKE — Ιδιωτική Κεφαλαιουχική Εταιρεία)
Most popular SME form; minimum capital EUR 1; limited liability; flexible governanceLaw 4072/2012 (IKE) https://atlasconsulting.gr/en/establish-a-private-company-ike/
IKE minimum share capital
EUR 1Law 4072/2012 (IKE) https://atlasconsulting.gr/en/establish-a-private-company-ike/
Limited Liability Company (EPE — Εταιρεία Περιορισμένης Ευθύνης)
Limited liability company; minimum capital EUR 4,500 (no statutory minimum mandated, but commonly cited) ((approx — EPE no longer has a fixed statutory minimum; confirm))Law 3190/1955 (EPE) https://kstlaw.gr/companys-establishment-in-greece/
Societe Anonyme (AE — Ανώνυμη Εταιρεία)
Public limited company for larger ventures; minimum share capital EUR 25,000, fully paid at incorporationLaw 4548/2018 (AE) https://kstlaw.gr/companys-establishment-in-greece/
AE minimum share capital
EUR 25,000 (fully paid up at incorporation)Law 4548/2018 (AE) https://kstlaw.gr/companys-establishment-in-greece/
Registration body
GEMI (General Commercial Registry — Γενικό Εμπορικό Μητρώο), via the One-Stop Shop / gov.grLaw 4919/2022 (GEMI / one-stop shop) https://kstlaw.gr/companys-establishment-in-greece/
Founder tax number (AFM)
Every founder needs a Greek TIN (AFM); EU citizens may apply via myAADElive, non-EU founders in person at the DOY or via a tax representativeAADE TIN registration procedure https://www.commenda.io/greece/business-setup
Formation document
IKE and EPE: a private document suffices; AE: notarial deed no longer mandatory but used for customised statutesLaw 4919/2022 (one-stop shop); Law 4548/2018 (AE) https://kstlaw.gr/companys-establishment-in-greece/
Incorporation timeline
A standard IKE formed digitally takes roughly 1–4 weeks; end-to-end (with AFM, bank account, non-EU visas) can extend to 2–3 months ((approx — varies by case))GEMI one-stop shop process https://atlasconsulting.gr/en/establish-a-private-company-ike/
Incorporation cost
GEMI / one-stop-shop fees plus professional fees; a basic IKE commonly costs from around EUR 60–600 in official fees (excluding lawyer/accountant fees) ((approx — confirm current GEMI fee schedule))GEMI fee schedule https://www.soneverse.com/greece-company-formation-cost-2025/
Annual financial statements
Prepared under Greek Accounting Standards (Law 4308/2014) and published to GEMILaw 4308/2014 (Greek Accounting Standards); Law 4919/2022 (GEMI) https://global.ecovis.com/greece/tax-guide/
Annual corporate income tax return
Filed electronically via AADE by the last working day of the sixth month after year-endGreek Income Tax Code (Law 4172/2013) https://taxsummaries.pwc.com/greece/corporate/tax-administration
VAT compliance
Periodic VAT returns (monthly or quarterly per books) plus electronic transmission of data to the myDATA platformGreek VAT Code (Law 2859/2000); myDATA framework https://www.taxually.com/manuals/greece
myDATA e-books
Mandatory electronic transmission of accounting data (revenue/expense/classification) to AADE's myDATA platformAADE myDATA decision (Law 4174/2013 / Tax Procedure Code) https://www.aade.gr/en
Payroll filings
Monthly e-EFKA detailed statement (APD) and income tax withholding remittance for employersLaw 4670/2020 (e-EFKA); Greek Income Tax Code (Law 4172/2013) https://ypergasias.gov.gr/en/social-security/insured-persons/insurance-contributions/
Rendered from the canonical facts model. General reference only — confirm with a qualified professional before acting.
Companies are registered electronically through GEMI (General Commercial Registry) or the gov.gr One-Stop Shop. A simple IKE/EPE can use a private document; an AE may use a notarial deed for a custom statute.
Greek companies must keep statutory accounting records, file annual financial statements and the corporate income tax return, and meet VAT and payroll obligations.
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