Setting Up a Company

Types of Companies and Capital (Max/Min)	Number of Partners/Shareholders and Liability
Eteria Periorismenis Efthynis (EPE) is a Private Limited Company Minimum 4,500 EUR totally released up to this amount.	Minimum 2 partners. NB: 1 partner for an EPE with extended benefits (limited liability) to the sole owner. Liability is limited to the amount contributed.
Anonymos Eteria (AE) is a Limited Company. Minimum 60.000 EUR totally released up to this amount.	One or more Liability is limited to the amount contributed.
Omorithmos Eteria (OE) is a general partnership. No minimum capital.	Minimum 2 partners Partners' liability is joint and several.
Eterorithmos Eteria (EE) is a limited partnership No minimum capital.	Minimum 2 partners Liability of active partners is unlimited. Liability of sleeping partners is limited to the amount contributed.

The Competent Organization: Upon establishment, the company is required to register with the Tax Office and procure accounting and company books stamped by the Tax Authorities and also to register with the Local Chamber of Commerce. Consult The Athens Chamber of Commerce and Industry.
Search a Company or a Financial Report: Athens Chamber of Commerce & Industry

Source: Doing Business.

Business Setup Procedures: Consult Doing Business Website, to know about procedures to start a Business in Greece.
Athens Chamber of Commerce and Industry

Working Conditions

Legal Weekly Duration: 8-hour day and 48-hour week.
Retirement Age: 65
Working Contracts: Fixed-term contract, part-time contracts Visit the website of the European foundation for the improvement of living and working conditions.

Minimum Wage: 668 EUR
Average Wage: EUR 750. For more information, visit the "Invest in Greece" website.
Social contributions: Social Security Contributions Paid By Employers: Public social security as % of monthly salary: 44.06%.
By the employer: 28.06%
By the employee: 16.00%
Social Security Contributions Paid By Employees: For institutions which insure employees, the cost of contributions is borne by both employees and employers; there are no standard rules on how this is shared between them, but with IKA the employer usually pays two thirds and the employee one third.

Social Dialogue and Involvement of Social Partners: Visit the website of the European foundation for the improvement of living and working conditions.
Unions: GSEE
Unionization Rate: In Greece, it is calculated that around one in three workers is a union member, i.e. overall union density is approximately 30 per cent. Unionization is very high in public sector enterprises and public utilities and services (see public enterprise ): it ranges from 80 to 98 per cent. In the private sector it is very low, especially in small and medium-sized enterprises.
Labor Regulation Bodies

Any Comments About This Content? Report It to Us.

Learn more about Operating a Business in Greece on Globaltrade.net, the Directory for International Trade Services.