Our team specializes in the establishment of Companies of all types (e.g. - Société Anonyme, Private Company - I.K.E., Limited Liability Company - E.P.E., General Partnership - G.P./O.E., Limited Partnership - E.E.) and Branch Offices thereof and day to day follow up of all their corporate matters.
In practice, however, foreign investors usually choose to set up a company in Greece of the following types:
- 1. Private Company (I.K.E.):
It is a Limited Liability Company whose assets are the only liable for the company’s debts. The partners’ contributions may be capital (the minimum formation capital is 1€), non-capital (i.e. provision of work or execution of project and receiving of relevant agreed corporate shares) or guarantee capital (i.e. a partner holds their personal assets liable against company’s debts up to an agreed amount and receives relevant corporate shares). It can be a single-member entity and the representation powers are granted to the Administrator/-s , who may be a partner or not, and they are not liable with their personal assets against companies’ debts, expect the debts to the public sector.
This type pf company is the most preferable in general, and especially for the foreign entities who want to expand their presence in Greece as it can be established fast and with relatively low cost, while it operates more flexibly and with no risk for its partners’ and Administrator’s assets.
- 2. Branch Office of a Foreign Company:
The branch office of a foreign legal company does not have any legal personality as only the foreign legal entity has a legal personality and is the one which is exclusively liable with its corporate assets against the debtors. The establishment of the branch requires a list of corporate documents of the foreign legal entity fulfilling certain formalities and as soon as these are ready, the establishment moves smoothly and fast.
