Company formation in Greece means choosing among several genuinely different legal vehicles, not filling in one standard form. An ΑΕ (Ανώνυμη Εταιρεία / société anonyme) is a capital company built for larger or institutional structures, with a minimum share capital of €25,000 and a board of directors. An ΙΚΕ (Ιδιωτική Κεφαλαιουχική Εταιρεία) is the modern, most commonly used vehicle for startups and SMEs since its introduction by Law 4072/2012 — limited liability with a minimal capital requirement, formed quickly through the one-stop-shop. Partnerships, sole proprietorships and branches of foreign companies each fit a different profile again. Choosing the right one before you register saves far more time than fixing it after. The decision to set up a company in Greece should be driven by governance and investment plans, not by registration cost.
The formation process itself runs through Greece's one-stop-shop system: registration with GEMI (the General Commercial Registry) via the e-ΥΜΣ platform, tax registration for an ΑΦΜ, and — depending on entity type — a notarial deed or a private document constituting the articles of association (καταστατικό). For foreign founders, the questions rarely stop at incorporation: a Greek bank account, a registered office and local representation, and how the new entity interacts with a residence or investment plan, all need to be worked through as part of the same instruction.
"The mistake we see most often is not a bad company — it's the right company formed the wrong way, or the wrong company formed very efficiently. An ΙΚΕ set up in days does you no good if what the shareholders actually needed was an ΑΕ's governance structure, or vice versa." Founders who set up a company in Greece without considering share transfer rules usually revisit the structure at their first funding round.
We advise from the perspective of a General Counsel who has actually built and run legal entities across multiple jurisdictions, not just filed the paperwork for one. That means a clear recommendation on entity type before drafting begins, a formation process run end-to-end rather than handed off between advisers, and corporate secretarial support that continues once the company exists — GEMI filings, minute-keeping, share transfers and annual compliance handled as an ongoing relationship, not a one-off transaction. Tell us the plan for the business and we will recommend the form.
Entity choice
The entity decision drives everything after it
Capital requirements, liability exposure, governance formality and exit options all flow from which vehicle you choose — ΑΕ, ΙΚΕ, ΕΠΕ, partnership, sole proprietorship or branch.
One-stop-shop
GEMI and e-ΥΜΣ streamline registration
Formation runs through the General Commercial Registry's one-stop-shop platform, coordinating the articles of association, ΑΦΜ tax registration and GEMI filing in a single process.
Foreign founders
Cross-border formation raises extra questions
Bank account opening, registered office and legal representative requirements, and how a new entity relates to a residence or investment plan all need coordinated advice, not a generic checklist.
After formation
Corporate secretarial support does not stop at registration
GEMI amendments, minute-keeping, share transfers and annual compliance are ongoing obligations — an entity formed correctly can still fall out of good standing without proper secretarial support.