Setting Up a Business in Greece as a Foreigner

Thinking of launching your own business in Greece? With its strategic EU location, competitive operating costs, and growing tourism and tech sectors, Greece is an increasingly attractive destination for entrepreneurs — including expats.


🧾 Who Can Start a Business in Greece?

  • EU Citizens: Can start a business freely with minimal restrictions.

  • Non-EU Citizens: Must obtain a residence permit for business or investment purposes. Options include:

    • Business/Entrepreneur visa

    • Golden Visa (investment route)

    • Digital Nomad Visa (for remote self-employment)


🏢 Common Legal Structures

  • Sole Proprietorship (Ατομική Επιχείρηση): Simple, suited to freelancers.

  • Private Company (IKE): Flexible and popular for SMEs.

  • Limited Liability Company (EPE): More complex, with capital and management obligations.

  • Societe Anonyme (AE): Best for large-scale operations.


⚖️ Legal Steps to Register

  1. 📝 Choose legal form & company name

  2. 📄 Draft Articles of Association

  3. 🏛️ Register with GEMI (General Commercial Registry)

  4. 🧾 Obtain Greek tax number (AFM) and VAT number

  5. 💻 Register with social insurance funds and tax authorities

  6. 🧑‍💼 Hire accountant and legal counsel for ongoing compliance


💼 Business Opportunities for Expats

  • Tourism & hospitality ventures

  • Real estate and property management

  • E-commerce and tech startups

  • Agriculture, food & wine exports

  • Remote consultancy and freelancing


💶 Taxation & Financial Obligations

  • Corporate tax rate: 22%

  • VAT: 24% standard (lower for some regions/products)

  • Social security contributions for owners/employees

  • Annual filings and quarterly VAT returns required


🧠 Legal Support You’ll Need

  • Company formation

  • Employment contracts

  • Licensing for regulated sectors

  • Tax & accounting compliance

  • Immigration and residency permits


🤝 How Borderless Lawyers Helps Entrepreneurs in Greece

Whether you’re launching a small venture or planning a significant investment, our legal team provides:
✅ End-to-end company setup support
✅ Immigration and visa application
✅ Tax ID and business license registration
✅ Ongoing compliance and employment law advice


🚀 Ready to Launch Your Business in Greece?

Starting a business in Greece doesn’t need to be complex. With our help, you can navigate the legal landscape confidently and focus on building your future.

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