Company Registration Athni
Company Registration in Athens, Greece: A Comprehensive Guide
Setting up a company in Athens, Greece can be an exciting and lucrative venture. With its vibrant economy, strategic location, and skilled workforce, the Greek capital offers numerous opportunities for entrepreneurs looking to establish their presence in the European market. However, before diving into the business world, it is essential to understand the process of company registration in Athens. In this article, we will provide you with a comprehensive guide on how to register your company in the bustling city.
1. Choosing the right company structure:
The first step towards registering a company in Athens is to decide on the appropriate structure that aligns with your business objectives. In Greece, the most common types of legal entities are sole proprietorship, partnership, limited liability company (LLC), and joint-stock company. Each structure has its own advantages and disadvantages, so it is crucial to carefully analyze your options and select the one that best suits your needs.
2. Choosing a business name:
The next step is to choose a unique business name for your company. It is advisable to conduct a thorough search to ensure that the name you have selected is not already registered by another company. The Hellenic General Commercial Registry (GEMI) provides an online database that allows you to verify the availability of your desired company name.
3. Appointment of legal representatives:
According to Greek law, all companies must appoint legal representatives who will act on behalf of the company. These representatives can either be Greek citizens or foreign nationals. It is recommended to seek professional legal advice to ensure compliance with the Greek legal requirements when appointing legal representatives.
4. Capital requirements:
When registering a company in Athens, you need to meet certain capital requirements depending on the chosen business structure. For instance, an LLC requires a minimum share capital of EUR 4,500. These capital requirements are subject to change, so it is advisable to consult an expert or attorney for accurate and up-to-date information.
5. Drafting and notarizing the company’s Articles of Association:
The Articles of Association serve as a legal document that outlines the company’s internal regulations, including the purpose, management structure, and shareholding details. This document needs to be prepared in Greek and notarized by a Greek notary public. It is important to ensure that the Articles of Association comply with Greek law and include all the necessary provisions.
6. Opening a bank account:
A prerequisite for company registration in Athens is opening a bank account in a Greek bank. The bank account serves as proof of the share capital contribution and is required for depositing the capital before proceeding with the registration process.
7. Tax Registration:
After completing the above steps, the next crucial step is to register your company for tax purposes. You need to apply for a Greek Tax Identification Number (AFM) from the local tax office. This will enable you to fulfill your tax obligations and conduct business transactions in Greece.
8. Submitting the application for company registration:
The final step involves submitting the required documents and forms to the Athens Chamber of Commerce and Industry (EBEA) or the local competent authority. These documents generally include the notarized Articles of Association, shareholder and director information, bank account details, and the company’s planned activities. Once the application is processed and approved, you will receive a company registration number (GEMI number) and official certification of incorporation.
In conclusion, company registration in Athens, Greece requires careful planning, meticulous documentation, and adherence to legal requirements. It is highly recommended to seek professional assistance from attorneys or specialized consulting firms experienced in Greek company law and registration processes. By following this comprehensive guide, you will be well-prepared to embark on your entrepreneurial journey in the vibrant business landscape of Athens.,
Company Registration Athni
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Company Registration Athni
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