Yes β it is 100% legal and common for foreigners to start a business in Greece remotely using a Power of Attorney (POA).
This option is ideal if you want to:
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Avoid international travel costs
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Register quickly from abroad
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Stay compliant while launching your business
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Apply for residency or a visa later
Borderless Lawyers helps clients from the US, UK, Canada, UAE, and across Europe form companies remotely in Greece.
ποΈ What Is a Power of Attorney (POA) in Greece?
A Power of Attorney (ΟληΟΡξοΟΟΞΉΞΏ) is a legal document that authorizes a representative (lawyer or accountant) to act on your behalf.
With a POA, your legal rep can:
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Apply for your Greek tax number (AFM)
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Register your company with GEMI
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Open a Greek business bank account
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Submit VAT and EIN registrations
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Sign official documents with Greek authorities
You maintain full ownership and control β your representative only handles the process.
π What Does the POA Include?
A typical POA for remote company formation includes authorization for:
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Greek AFM registration
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Company registration (IKE, AE, etc.)
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Bank account opening
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VAT & EIN registration
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Filing with GEMI and AADE
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Accountant appointment
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Optional residency or visa application
βοΈ We draft POAs tailored to your nationality, business type, and goals β in Greek + your native language.
π How to Legalize a POA From Abroad
Depending on your location, you can sign and legalize the POA via:
| Location | Method |
|---|---|
| EU countries | Notarize + Greek translation |
| Hague Convention countries (e.g. US, UK, Canada) | Notarize + Apostille |
| Non-Hague countries (e.g. UAE, China) | Notarize + legalization via Greek consulate |
We provide:
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POA draft in Greek and English
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Legalization instructions based on your country
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Templates for your notary or consulate
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Courier return instructions
π Step-by-Step: How to Start a Business in Greece Remotely
1. π Initial Consultation
We assess your business plan, nationality, tax residence, and legal structure needs.
2. π POA Drafting
We prepare a customized bilingual POA based on:
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Company type (IKE, AE, etc.)
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Number of founders
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Services needed (bank account, visa, etc.)
3. ποΈ Notarization & Legalization
You sign and legalize the POA in your country and send us the original via courier.
4. π§Ύ Tax Number & Registration
Once we receive the POA, we:
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Get your AFM (Greek tax ID)
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Register your company with GEMI
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Apply for VAT/EIN
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Coordinate with a Greek accountant
5. π¦ Bank Account & Activation
We open your Greek business bank account, set up online access, and finalize company activation.
π¦ What You Can Do Remotely with POA
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Open and register a Greek company
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Apply for tax and social security numbers
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Open a business bank account
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Hire a Greek accountant
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Appoint a resident director (if needed)
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Apply for a business visa or residency permit later
π§βπΌ Example: American Entrepreneur Launches in Athens
Emma, a US-based digital nomad, wanted to launch her e-commerce business in Greece.
From the US, she:
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Signed a bilingual POA
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Sent it to us via DHL
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We formed her IKE remotely
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Opened a business bank account with Eurobank
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Registered her for VAT and EIN
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Helped her later apply for a Digital Nomad Visa
All without her setting foot in Greece.
πΆ What Are the Costs?
| Service | Cost (Est.) |
|---|---|
| POA drafting | β¬200 β β¬300 |
| Notarization & apostille (your country) | Varies |
| Courier to Greece | ~β¬60 |
| Full setup (company + tax + bank) | From β¬1,800 |
| Optional: visa application | Add-on |
We offer bundled pricing for remote setup + legal services.
β Common Mistakes to Avoid
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β Sending POA without notarization
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β Missing Apostille/legalization
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β Wrong or outdated POA format
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β Trying to DIY without a Greek lawyer
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β Delays due to poor translations
β We provide everything you need β correctly formatted, translated, and ready for Greek authorities.
π§ββοΈ How Borderless Lawyers Helps
We offer full-service remote company formation in Greece:
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POA drafting (bilingual)
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Apostille/legalization guidance
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Tax registration (AFM, VAT, EIN)
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Bank account opening
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Legal representation before GEMI & AADE
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Optional residency/visa applications
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Ongoing accounting & legal support
πΌ Start your Greek business without booking a flight β weβll handle the rest.
β FAQ β Remote Company Formation in Greece
Q: Can I own 100% of the Greek company if Iβm abroad?
A: Yes. Greek law allows full foreign ownership, even remotely.
Q: Can I add multiple shareholders with POA?
A: Yes, each shareholder provides a separate POA.
Q: Will the Greek authorities accept a scanned POA?
A: No. Originals must be mailed in hard copy with proper legalization.
π Ready to Launch Your Greek Business Without Leaving Home?
Thousands of entrepreneurs start companies in Greece from abroad. With the right legal partner, it’s fast, secure, and 100% compliant.
π Contact Borderless Lawyers to register your Greek company remotely with Power of Attorney β complete setup in one smooth process.