Corporate Law in Greece

Corporate law is our core competence. We advise companies in Greece efficiently and with a focus on the success of their investment.

We accompany international investors, from the first steps to the realization of the investment, look after their Greek company in day-to-day operations and advise the parent company in all strategic decisions. Dynamic and efficient.

We see ourselves as a “prolonged arm” of your legal department in Greece. We are internationally oriented, well networked and constantly informed about current developments. Our expertise is based on many years of experience in Greek commercial law and a deep economic understanding.

Greek company law has greatly changed in recent years and has been significantly modernized. The possibility of one-stop shop set-up for companies has been introduced and Societe Anonyme Law has been completely reformed, another, more flexible form of company has emerged and the Hellenic Business Registry has been fully implemented. Further developments are to follow.

Key developments of the Greek Corporate Law

1. One-Stop-Shop company set up

Setting up a Greek company is now quick and easy on an online platform. The prerequisite is that all information and documents can be uploaded.

2. Modernisation of the Greek Societe Anonyme Law

The Greek Societe Anonyme Law was completely reformed in 2018. EU directives have been implemented, the regulatory framework has become more flexible and certain ambiguities have been clarified.

3. Electronic Commercial Register

The electronic commercial register is the effective means for the disclosure of business information in Greece and serves as the National Gazette as provided by Directive 2009/101/EC. Business information subject to registration is published on the website and can be viewed free of charge.

Broad principles of company law in Greece

Basic distinction is made between partnerships and corporations.

Partnerships (general partnership, limited partnership, European Economic Interest Grouping etc.) play a role for foreign investors only in exceptional cases, not least due to the fact that their shareholders have unlimited personal liability (with the exception of limited partners in a limited partnership).

Therefore we focus in the following on giving a few key data on the most important corporations under Greek law.

The Greek Societe Anonyme (Stock Corporation)

The legal form of the Societe Anonyme is widespread in Greece and even among smaller businesses a very common legal form. This can be explained due to the increased reputation of this legal form in the Greek market, but also due to the fact that SAs have been given preferential on the allocation of grants in the past.
The Greek Law for Societe Anonyme was extensively reformed in 2018 and made much more flexible. The new Law for Societe Anonyme has come into force on January 1st, 2019.

Minimum capital requirement 25.000 €

Minimum capital must be fully paid-in

Single member SA possible

Two governing bodies (Bod and GM)

The Greek Limited Liability Company and the Private Capital company

coming soon…

Contact person in Athens

apostles-nikolopoulos
Apostolos Nikolopoulos

Contact person in Thessaloniki

thomas-vlanos
Thomas Vlanos

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Athens
+30-210-644 77 00

Thessaloniki
+30-2310-940 781

info@ piliosandpartners.com