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>> Q&A about Business in Greece
 Subject: |
Establishment of an Ltd |
| Question: |
I am thinking of starting a business in Greece. What are the steps for the establishment of an Ltd.?
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| Answer: |
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1. Drafting of the Articles of Incorporation by a lawyer.
2. Search (it is valid for one month) at the competent Chamber (of the company?s registered office) for the availability and the legality to use the chosen company name and distinctive title.
3. Verification of the draft Articles of Incorporation (signed by the Lawyer) by the appropriate Bar Association.
4. Signature of the Articles of Incorporation by its founders (or from authorized, with Power of Attorney, persons) before a Notary Public. Necessary documents to be provided to the Notary Public are: the verified draft of the fees, taxation clearances for the founders and their Taxation Identification Number.
5. Payment of the Tax on the Accumulation of Capital (1%) within 15 days from the signature of the Articles of Incorporation.
6. Payment of the rights to the Lawyers? Fund and to the Lawyers? Social Security Fund.
7. Verification of the original copy of the Articles of Incorporation by the competent Chamber of Commerce and Industry.
8. Filing of the Articles of Incorporation within one month from its signature, with the Secretariat of the competent Court of First Instance for registration in the Book of Limited Liability Companies.
9. Publication of a summary of the Articles of Incorporation in the Government Gazette.
10. Registration of the company at the Chamber. The company has to be registered at the competent Chamber and pay its annual contributions. For the registration it is required:
- an application provided by the Registrar Department of the Chamber.
- a copy of the Articles of Incorporation, certified by the Court of First Instance.
- The Government Gazette for the publication of the summary of the Articles of Incorporation and
- Photocopies of the identity cards or passports of the partners and the administrator, in case he is a partner. If the partners and the administrator is a resident of a state outside the European Union, their residence and working permits should also be submitted.
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answer provided by volunteer expert: kostas |
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