If you’re starting a business or relocating your company operations to Greece, opening a local business bank account is a critical step. While the process is relatively straightforward, it does require careful documentation and knowledge of Greek banking practices.
🧾 Why a Business Bank Account Is Essential
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Enables local transactions and tax compliance
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Required for VAT registration and invoicing
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Needed to pay employee salaries and social contributions
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Helps build local credit and financial credibility
🗂️ What You Need to Open a Business Bank Account in Greece
The specific documents required may vary by bank, but generally include:
For a Company:
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Company incorporation certificate
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Greek tax number (AFM) for the company
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Articles of Association
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Director and shareholder details
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Utility bill (office address)
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Proof of company activity (website, invoices, etc.)
For a Freelancer (Self-Employed):
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Greek tax number (AFM)
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Registration as a sole proprietor
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Passport/ID
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Local address (rental agreement or utility bill)
🏛️ Recommended Banks in Greece
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Eurobank
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Piraeus Bank
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National Bank of Greece
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Alpha Bank
All major banks offer English-speaking services in major cities and digital banking platforms.
🌍 Can Foreigners Open Business Accounts Remotely?
In most cases, personal presence is required for identity verification and signature. However, Borderless Lawyers can help prepare documentation, schedule appointments, and coordinate with banks to streamline the process upon arrival.
🔐 Digital Banking and IBAN Accounts
Many Greek banks now offer online portals and apps, but initial setup must still be done in person. Once opened, your Greek IBAN can be used for:
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International wire transfers
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SEPA payments
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Business subscriptions and payroll
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Tax office payments
❗ Common Challenges
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Delays in opening due to document review
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Language barriers (some banks operate primarily in Greek)
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Slow response from bank officers
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Need for notarized translations of documents
🧠 Borderless Lawyers Can Help You:
✅ Prepare all bank documents
✅ Provide official Greek translations
✅ Schedule your bank appointment
✅ Accompany you if needed
✅ Ensure you meet tax authority banking compliance
✨ Final Tip
If you’re planning to launch a company or register as a freelancer, open your bank account early in the process — many other steps depend on it.
🚀 Start Banking Confidently in Greece
Don’t let paperwork or bureaucracy slow you down. Our team at Borderless Lawyers helps foreign entrepreneurs open business accounts with clarity, speed, and compliance — so you can focus on growing your venture.