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* Takes place simultaneously with another procedure.
Registration Requirements Details
Procedure 1.
Get approval of the company’s name by the Chamber of Commerce and Industry
Time to complete:
1 day
Cost to complete:
EUR 75
Name of Agency:
Comment:
Procedure 2.
File company documents with the Athens Bar Association
Time to complete:
1 day
Cost to complete:
EUR 981
Name of Agency:
Comment:
The fee for filing company documents with the bar association varies, based on company capital: - EUR 29,347 to EUR 44,020: 1% of company capital. - EUR 44,020 to EUR 1,467,351: 0.5%. - EUR 1,467,351 to EUR 2,934,702: 0.4%. - EUR 2,934,702 to EUR 5,869,405: 0.3%. - EUR 5,869,405 to EUR 14,673,514: 0.2%. - EUR 14,673,514 to EUR 29,347,028: 0.1%. - EUR 29,347,028 to EUR 58,694,057: 0.05%. - Over EUR 58,694,057: 0.01%.
The filing fee is payable only when company capital exceeds EUR 29,347. A fixed fee of EUR 10 is levied for certifying the signature of the attorney who signed said draft.
Procedure 3.
Sign the articles of incorporation before a notary public
Time to complete:
5 days
Cost to complete:
EUR 320
Name of Agency:
Comment:
According to the revised Notary fee : Nr K 32126/10.3.1988 (Government Gazette B/ 418/14.3.1988), there is a fixed amount of 44, 02 € which covers the first two pages. Also, according to art.4 of Common decision of Ministers of Justice and Economy and Finance (Government Gazette B/599/5.5.2005) notaries collect fees for a) every additional paper 4 € and b) every paper of the copies 4 €.
Procedure 4.
Deposit capital in a bank
Time to complete:
1 day
Cost to complete:
no charge
Name of Agency:
Comment:
Procedure 5.
Pay the capital tax on the concentration of capital to the local tax authority
Time to complete:
1 day
Cost to complete:
capital tax, 1% of capital
Name of Agency:
Comment:
Capital tax on the concentration of capital must be paid-in within 15 days of the signing of the articles of incorporation; otherwise, a penalty is imposed.
Procedure 6.
Obtain a stamp from the Lawyers Pension Fund
Time to complete:
1 day
Cost to complete:
no charge
Name of Agency:
Comment:
The Lawyers’ Pension Fund is located in Athens at Pireaus and Sokratous streets.
Procedure 7.
Obtain certification by the Lawyers Welfare Fund
Time to complete:
1 day
Cost to complete:
EUR 6
Name of Agency:
Comment:
The Lawyers’ Welfare Fund is located in Athens at Harilaou Trikoupi and Navarinou streets.
Procedure 8.
Submit the articles of incorporation and register with the secretariat of the court of first instance, which issues a register number
Time to complete:
1 day
Cost to complete:
minimal charges of approximatly €5 for photocopying and stamp dues
Name of Agency:
Comment:
Required to register the company are the articles of incorporation (two copies, one authenticated and one unauthenticated, of which one is retained by the secretariat and the other is stamped and returned).
Procedure 9.
Submit summary of the Articles of Incorporation to the Printing Office for publication in the Official Gazette (Fyllo Efhmeridas ths Kyvernhsews)
Time to complete:
3 days
Cost to complete:
EUR 2712
Name of Agency:
Comment:
A part of the fee is paid to a tax office, which issues a duplicate, and another part is paid to the National Printing Office. After the papers are filed with the Official Gazette, a protocol number is issued verifying submission. The actual publication of the company’s articles of incorporation by the National Printing Office may take 1 to 2 months, depending on the Gazette’s workload (when company financial statements are published, substantial delays may occur).
Procedure 10.
Register at the Chamber of Commerce and Industry
Time to complete:
1 day, simultaneous with procedure 9
Cost to complete:
EUR 146,48 + 2.4 % stamp duty
Name of Agency:
Comment:
The following documents are required to register the company for taxes and social security contributions: notarized articles of incorporation that are stamped by the tax authority, the Lawyers’ Pension Fund, and the Lawyers’ Welfare Fund; the certification of the preapproval of company name by the Chamber of Commerce and Industry; and a copy of the Official Gazette containing the published summary of the articles of association. It is possible that the founder can first file the protocol number and then file the published issue.
Procedure 11.
Register with the relevant social security authorities
Time to complete:
1 day, simultaneous with procedure 9
Cost to complete:
no charge
Name of Agency:
Comment:
Procedure 12.
Obtain a tax registration bumber (AFM)
Time to complete:
1 day, simultaneous with procedure 9
Cost to complete:
no charge
Name of Agency:
Comment:
The company must submit a statement on the commencement of its operations within 30 days of submitting its articles of association to the Secretariat of the Court of First Instance. The statement is filed with the District Tax Office of the company’s registered seat and must be supported by the following documents: - Company’s official articles of incorporation (certified copy). - Official Gazette announcement, with the summary of the articles of incorporation (two copies). - Lease agreement or agreement for the free assignment of use of the office space to be used as the company’s registered seat, duly certified by the landlord’s competent tax authority. - Registration certificate from the competent chamber of commerce. - Social security certificate for the company’s partners, issued by the competent social security fund or, if applicable, a certificate of exemption. - Receipt of payment of capital concentration tax (photocopy). - Identity card of the company’s administrator and the individual’s tax registration number (photocopy). - Authorization letter by the company’s administrator to the individual who will undertake all filing procedures before the tax authorities. - Preprinted forms provided by the Greek tax authority.
Upon submitting these documents, the competent tax office furnishes the company with the tax registration number and the required certificate to start its business operations.
Procedure 13.
Make a seal
Time to complete:
1 day, simultaneous with procedure 9
Cost to complete:
EUR 40
Name of Agency:
Comment:
A company seal is compulsory because all company books and records must be sealed before they are certified, and because the company seal must contain the company’s tax registration number and competent tax office.
Procedure 14.
Have the Tax Authority hole-stamp the company’s invoice and account books
Time to complete:
1 day, simultaneous with procedure 9
Cost to complete:
no charge
Name of Agency:
Comment:
Following issuance of the tax registration number, the company accountant first prepares the computerized accounting books, which must contain all required company information (address, contact information, and tax registration number). The company then presents the accounting books and the required tax records (invoices, dispatch notes, etc.) to the competent tax office for perforation.
Procedure 15.
Notify the Manpower Employment Organization (OAED) within 8 days of hiring a worker
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