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Starting A Business In Greece: What You Need To Know
- Sole Proprietorship (Ατομική Επιχείρηση): Simplest form, suitable for small businesses and freelancers.
- Limited Liability Company (Εταιρεία Περιορισμένης Ευθύνης - ΕΠΕ): Popular choice offering limited liability protection.
- Private Company (Ιδιωτική Κεφαλαιουχική Εταιρεία - ΙΚΕ): Flexible and requires low initial capital.
- Societe Anonyme (Ανώνυμη Εταιρεία - AE): Suitable for larger businesses, requiring higher initial capital.
1. Company Name Approval: Obtain approval for your business name from the General Commercial Registry (GEMI).
2. Tax Identification Number (AFM): Apply for a AFM from the local tax office (DOY).
3. Register with GEMI: Register your business with GEMI, providing necessary documents such as the company’s articles of association.
4. Social Security Registration: Register with the Social Insurance Institute (IKA) for employee social security.
Licenses & Permits
Depending on your business activity, you may need specific licenses and permits. For example, food-related businesses require health permits, while construction businesses need building permits.
3. Financial Considerations
Initial Capital
Determine the initial capital required based on your business structure. For instance, an IKE requires a symbolic capital of €1, while an AE needs a minimum of €24,000.
Banking
Open a business bank account in Greece. This is essential for managing transactions and complying with financial regulations.
Funding Options
Explore various funding options:
- Personal Savings: Self-fund your business if you have sufficient capital.
- Bank Loans: Secure loans from Greek banks, provided you have a solid business plan.
- EU Grants: Utilize EU funds and grants available for startups and SMEs in Greece.
- Investors: Seek investment from private investors or venture capital firms.
Taxation
Understand the Greek tax system:
- Corporate Tax: Currently set at 24% on profits.
- VAT (Value Added Tax): Standard rate is 24%, with reduced rates for certain goods and services.
- Social Security Contributions: Employers contribute a percentage of employee salaries to social security.
4. Setting Up Operations
Location
Choose a strategic location based on your business needs. Consider factors like foot traffic, accessibility, and proximity to suppliers and customers.
Office Space
Lease or purchase office space. Ensure it meets legal requirements for your type of business.
Hiring Employees
Follow these steps to hire employees:
- Recruitment: Advertise job openings and conduct interviews.
- Employment Contracts: Draft and sign employment contracts outlining terms and conditions.
- Employee Registration: Register employees with IKA and other relevant authorities.
- Compliance: Ensure compliance with Greek labor laws regarding wages, working hours, and employee rights.
Invest in necessary technology and equipment. This includes computers, software, machinery, and other tools essential for your business operations.
5. Marketing & Networking
Branding
Develop a strong brand identity that resonates with Greek consumers. This includes a compelling logo, tagline, and brand message.
Online Presence
Create a professional website and engage on social media platforms popular in Greece, such as Facebook, Instagram, and LinkedIn.
Advertising
Invest in local advertising, both online and offline. Utilize Google Ads, social media ads, and traditional media like newspapers and radio.
Networking
Join local business associations and attend networking events. Building relationships with other business owners and industry professionals can open up new opportunities.
6. Continuous Compliance & Growth
Regular Audits
Conduct regular financial audits to ensure compliance with Greek regulations and maintain financial health.
Legal Updates
Stay informed about changes in Greek business laws and regulations to avoid any legal issues.
Expansion
Plan for future growth by exploring new markets, expanding your product or service offerings, and investing in innovation.
Starting a business in Greece requires careful planning, compliance with local regulations, and an understanding of the market. By following these steps and leveraging the available resources, you can establish and grow a successful business in this beautiful and dynamic country.
If you need assistance or have any questions about starting your business in Greece, feel free to contact us. We’re here to help you every step of the way.
Why Having A Content & Website Company By Your Side Is Crucial For Your Business Success
1. First Impressions Matter
Your website is often the first interaction potential customers have with your brand. A professionally designed, user-friendly site creates a positive first impression, showcasing your brand’s professionalism and reliability. A content and website company ensures your site is visually appealing, easy to navigate, and optimized for both desktop and mobile devices.
2. Expertise & Experience
Creating and maintaining a high-quality website requires a variety of skills, including web design, development, content writing, SEO, and digital marketing. A content and website company brings together experts in all these areas, ensuring your site is built and maintained to the highest standards. This expertise helps in addressing technical issues promptly, keeping your website up-to-date with the latest trends and technologies.
3. SEO & Visibility
A beautifully designed website is only effective if people can find it. Search Engine Optimization (SEO) is critical for improving your site’s visibility on search engines like Google. Content and website companies have specialized knowledge in SEO best practices, helping your site rank higher in search results, drive organic traffic, and reach your target audience more effectively.
4. Quality Content Creation
Content is king in the digital world. High-quality, engaging content helps attract, inform, and convert visitors into customers. A content and website company can craft compelling blog posts, articles, videos, and other forms of content that resonate with your audience. They ensure your content strategy aligns with your business goals, improving customer engagement and driving conversions.
5. Consistency & Branding
Maintaining a consistent brand voice and image across all online platforms is essential for building trust and recognition. A content and website company ensures that your website, social media, and other digital assets reflect a cohesive brand identity. This consistency helps establish credibility and makes your business more memorable to customers.
6. Time & Cost Efficiency
Building and maintaining a website and creating quality content can be time-consuming and costly if done in-house, especially without the right expertise. By outsourcing these tasks to a professional company, you can focus on what you do best—running your business. It also reduces the risk of costly mistakes and ensures your online presence is managed efficiently.
7. Adapting to Change
The digital landscape is constantly evolving. New technologies, algorithms, and trends can impact your online presence. A content and website company stays abreast of these changes, ensuring your site and content remain relevant and effective. They can quickly adapt strategies to meet new challenges, keeping your business competitive.
8. Data-Driven Decisions
Professional content and website companies use analytics and data to measure the performance of your site and content. They provide insights into what’s working and what’s not, allowing for data-driven decisions to improve your online strategy. This continuous improvement helps maximize your return on investment.
9. Customer Engagement & Interaction
An interactive, well-maintained website can significantly enhance customer engagement. Features like live chat, contact forms, and social media integration make it easier for customers to connect with your business. Content and website companies can implement these features and ensure they function smoothly, improving customer satisfaction and loyalty.
In a competitive market, having a content and website company by your side is not just an advantage—it’s a necessity. They bring the expertise, efficiency, and innovation needed to build a strong online presence, attract and retain customers, and ultimately drive business success. Investing in professional content and website services is an investment in the future of your business. Don’t leave your digital success to chance; partner with the experts and watch your business thrive.
Embracing New Beginnings: How To Treat Each Month As A Fresh Start For Your Career








How To Unlock & Take Advantage Of Your Full Potential
- Setting up a daily or weekly schedule with specific times for productive activities.
- Minimizing distractions by designating focused workspaces or using tools like “do not disturb” modes on devices.
- Holding yourself accountable by tracking progress and celebrating small wins.
- Take courses in areas that interest or challenge you.
- Read books, listen to podcasts, and attend seminars or workshops.
- Seek out mentors or join communities where you can learn from others’ experiences and insights.
- Listen openly, without reacting defensively.
- Reflect on the feedback and assess how it aligns with your goals.
- Identify actionable steps to implement improvements.
- Practicing regular physical activity, like exercise or yoga, to relieve stress and boost energy.
- Setting aside time for mindfulness practices such as meditation or journaling to clear your mind.
- Ensuring you get adequate rest and relaxation to recharge.
Start A Business In Greece | Types Of Companies
Starting a company in Greece is a straight forward process. Before getting started, it is important to decide on the most appropriate company structure for your business and proposed operations. This article is a short guide to the various business entity options.
Feel free to ask us your questions and our team of experts will be happy help you. Also take a look at our business services as they might just be the peace of mind you’re looking for!
Sole Proprietorship (Atomiki Epihirisi)
This is a very simple business entity where there is no separation between the owner and the business. It is easy and quick to establish and there is no liability protection. Sole decision making is one feature and the owner has control over business decisions as there is no separate legal entity.
Private Limited Liability Company (IKE – Etaireia Periorismenis Efthinis)
Many investors and business people chose to establish a private company (IKE) as it is a simple and flexible company structure. An IKE is established by one or more persons who owns shares. Liability is limited. The minimum capital requirement is €1 and there is an administrator (no board of directors). There are statutory audit requirements which are undertaken in line with EU directives. The legal representatives have liability and the time required for incorporation is approximately five days. This company structure is suited for small and middle sized companies who require flexibility to operate.
General Partnership (OE – Omorrythmi Etaireia)
This is a business structure where two or more people are jointly liable for losses, management responsibilities and of course profits. Each partner is personally liable for the debts and financial obligations of the business. Any creditors are able to go after the partners in their personal capacity. There is generally a written partnership agreement which dictates profit sharing, management responsibilities and other issues. Generally speaking, all of the profits (and losses) are shared equally, unless something different is specified in the agreement. There is pass-through taxation, meaning that the profits pass through to the partners personal income tax returns and aren’t allocated to the company. There are risks of personal liability for general partnerships which need to be considered.
Limited Partnership (EE – Eterorythmi Etaireia)
The Limited Partnership (EE) company is a very popular option because there is only unlimited liability for one partner. The other partners have their liability limited to their individual contributions. It provides a combination of both a partnership and corporation in terms of characteristics. The benefit from a liability perspective is that the limited partners have their liability limited. This is similar to a corporation and protects the personal assets of the limited liability partners. Most of the time, the general partners are highly active in the day to day activities and management of the company. In addition, there are same tax incentives since there is pass through taxation and the flat rate is generally chargeable for each partner. This is a useful structure for the ‘silent partner’ structure which popular in many western countries. There is no minimum capital share requirement for this entity and EEs are governed by the Greek Civil Code.
Public Limited Liability Company (AE – Anonymi Etairia)
This company type is generally suitable for larger businesses or enterprises who are looking to raise capital from the public. There is a minimum share capital amount of 24,000 euros. Given the public nature of these companies, the regulations, reporting requirements and oversight of the companies is much more extensive than for IKE companies. In addition, the shares issued in AE companies can be traded on the stock exchange. This helps enable quick access to large amounts of capital as well as increase in liquidity.
If you're thinking about starting a business in Greece, we can help! Get in touch with us and our team of experts will be happy to answer your questions.
This content has been created in collaboration with our trusted partner Tsaks Consulting.
How To Start A Private Limited Company (IKE) In Greece: A Step-By-Step Guide
- Separate Legal Entity:
An IKE company is a completely separate legal entity, distinct from its owners. This separation is critical from a legal and liability perspective, as it allows the company to incur debts and conduct business in its own name, offering significant protection to its members. - Scope of Members:
An IKE company can have one or more members. A single-member IKE company is known as an SMPC (Single-Member Private Company). - Company Duration:
The default duration of an IKE company is 12 years. However, this can be modified through amendments to the company’s articles. Members can also vote to extend the duration beyond 12 years. - Capital Requirements:
Only 1 euro is required to establish an IKE company, making it accessible. Contributions can be made in various forms, including non-cash assets. - Limited Liability:
Members have no financial risk beyond their contribution, except in very limited cases where administrators may be personally liable for tax or social security debts.
This content has been created in collaboration with our trusted partner Tsaks Consulting.
How A Local Accountant Can Support Your Business In Greece
- Business Name Registration in Greece: We evaluate your unique circumstances to recommend the ideal business structure, ensuring a smooth and compliant registration process.
- Company Tax Returns: Specialists can manage the filing of corporate tax returns, highlighting potential deductions and ensuring adherence to Greek business tax laws.
- Trust Fund Tax: We assist with tax filings related to trust funds associated with your business, ensuring accuracy and compliance.
- Bookkeeping: Utilizing cutting-edge bookkeeping technology, we offer real-time updates for online bookkeeping services, alongside traditional offline methods, to suit your preferences.
- Tax Returns for Partnerships: From filing partnership tax returns to managing adjustments during partnership changes, we ensure smooth operations.
- Financial Statements: Our trusted accountants draft precise financial statements for both business and tax purposes, giving you clarity and confidence.
- Small Business No matter the size of your business, our trusted partners are here to help navigate Greek accounting so that you have peace of mind knowing your financial management is taken care of.
- Construction and Real Estate Addressing the specific tax and accounting needs of construction and real estate businesses, our partners offer tailored advice for smooth operations.
- Pharma and Health Supporting hospitals, pharmaceutical companies, and healthcare providers, our experts deliver expert accounting services for the highly regulated health sector.
- Shipping and Logistics Assisting local and international shipping companies, we streamline accounting processes to manage both Greek and global operations.
- Manufacturing and Trade Our accountants specialize in serving manufacturing businesses, providing comprehensive solutions for this dynamic sector.
Tapping For Kids With EFT Practitioner Eleni Vardaki
- Safe and Gentle: EFT presents a low-risk, accessible way of enhancing the emotional well-being of kids and adolescents. It’s a non-invasive modality that is safe for children of all ages. When the stress is reduced to a low enough level using EFT, a child’s negative thinking about a particular stressor tends to shift to a more neutral or positive frame of mind. In EFT therapy, we call this a Client Cognitive Reframe. It happens organically as part of the therapeutic EFT process.
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Emotional Regulation: EFT helps children articulate their feelings and manage their emotions effectively. For instance, a child experiencing bullying can tap on specific points while they talk about their feelings of fear or sadness. This not only alleviates immediate distress but also fosters resilience in handling future emotional challenges.
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Emotion-Focused Tapping: Working with an EFT Practitioner helps kids identify specific emotions (like anxiety or sadness) and tap through them together.
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Specific Event Tapping: If necessary, an EFT Practitioner may also encourage kids to recall a specific upsetting event while tapping to neutralize the associated negative emotions.
- Addressing Trauma: For older kids who may have experienced things like bullying or a traumatic meltdown in an important exam, EFT serves as a gentle therapeutic intervention that can help them process these events in a safe manner. Various play- based EFT strategies are used for younger kids to facilitate communication and the processing of trauma.
- Increased Confidence: Regular tapping sessions can empower young people by enhancing their self-esteem and confidence. As they learn to manage their emotions using EFT, they become more equipped to face academic pressures and social situation without overwhelming anxiety.
- Accessible Stress Management: Kids can easily integrate EFT into their daily routines by make tapping a regular practice. They can do EFT before exams or presentations to ease anxiety, or even before going to bed as many struggle with sleep issues due to anxiety or racing minds.
- Improved Sleep: Adolescents often experience heightened stress levels when faced with increased academic demands or unkind peer behaviours. Working with a tapping specialist helps children address these concerns, which in turn improves their sleep.
- Mindfulness and Self-Reflection: EFT encourages mindfulness by prompting teens to focus on their feelings while engaging in the tapping process. It’s a self-reflective practice that encourages emotional awareness and healthier coping strategies.
- Tapping for Clearing Blocks to Achieving a Specific Goal: EFT for achieving goals is great for adolescents. They enjoy having that 1:1 support to clear any emotional or stress blocks to achieving a goal that is important to them regarding grades, exams, presentations, changing a bad habit, friendships goals, etc.
- Rapid Results: Children often lack the emotional baggage adults carry, so EFT can yield even quicker results, enabling them to process negative emotions more efficiently. Plus, by learning tapping techniques, they gain valuable skills to manage their emotions in between sessions. This agency further increasing the speed of results as they don’t need to wait for their next session with their EFT Practitioner to make progress.

Email: eleni@elenivardaki.com
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Nefeli Nine: A Unique Retreat Experience In Greece




