Greece is an increasingly popular destination for entrepreneurs, freelancers, and small business owners. With the right structure and legal setup, foreign nationals can open and operate a business in Greece — and apply for residence based on it.
🏢 Business Structures Available
As a foreigner, you can register one of the following:
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Sole Proprietorship (Ατομική Επιχείρηση) – Simple setup for freelancers
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Private Company (IKE) – Most flexible legal entity with limited liability
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Société Anonyme (AE) – For larger corporations and investors
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General or Limited Partnerships (OE / EE) – For joint ventures
📋 Legal Requirements
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Valid passport
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Greek tax ID (AFM)
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Greek social security number (AMKA)
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Greek address or lease contract
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Company name registration
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Articles of incorporation (for IKE, AE)
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Notarial deed (if required)
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Deposit minimum capital (for AE, some IKE)
⚙️ Step-by-Step Business Setup
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Choose the structure that suits your needs
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Apply for AFM at the Greek tax office
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Register your business with GEMI (General Commercial Registry)
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Open a Greek bank account
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Apply for AMKA for social security
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File for VAT registration (if applicable)
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Apply for residence permit under self-employment or investor category
💼 Visa & Residency Options
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Self-Employment Permit: Ideal for sole proprietors or service-based freelancers
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Investor Permit (Article 16): For those investing in a Greek company with a certain capital threshold
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Golden Visa (Investment route): If investing over €250,000 in real estate or shares
📊 Taxation and Compliance
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Corporate tax: 22% (flat rate for IKE, AE)
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VAT: 24% (applicable to most goods and services)
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Freelancers pay advance income tax and social security
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Annual financial statements (for companies)
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Bookkeeping required through a licensed accountant
🔐 Common Challenges
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Language barrier in tax and legal filings
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Navigating bureaucracy without local support
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Understanding the right entity and residence strategy
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Delays in public sector response times
⚖️ How Borderless Lawyers Can Help
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Advise on the ideal legal structure
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Register your business with Greek authorities
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Coordinate notarial documents and translations
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Set up your AFM, AMKA, and bank account
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Handle your residence permit application and renewals
📞 Ready to Launch Your Business in Greece?
Make your business dream a legal reality in Greece with expert guidance.
💬 Contact Borderless Lawyers today to start your business with full legal support.
✉️ Entrepreneurship is global. Your legal team should be too.