Understanding the Different Types of Companies in Greece

Greece has become an attractive destination for entrepreneurs and investors looking to expand into the European market. With a strategic location, access to the EU, and a growing business ecosystem, it’s no surprise that more people are exploring how to start a business in Greece.

If you’re considering launching a venture here, one of the first steps is understanding the types of business entities available. Choosing the right structure is essential for compliance, taxation, liability, and day-to-day operations. In this guide, we’ll explore the most common company types in Greece and how they fit into your broader business setup in Greece strategy.

Why Company Type Matters

Before you jump into company registration Greece, take a moment to understand the legal and financial implications of each entity type. The right choice depends on:

• The size and scope of your business

• Your investment capital

• Whether you plan to operate locally or across the EU

• Tax and liability considerations

• Your long-term business goals

Greece offers several legal forms for businesses. Each one serves a different purpose, and selecting the right one can set your business up for success from day one.

1. Sole Proprietorship (Ατομική Επιχείρηση)

A Sole Proprietorship is the simplest and fastest way to start a business in Greece. It's ideal for freelancers, consultants, and small traders.

Key features:

• Owned and operated by one individual

• No legal separation between the owner and the business

• Easy registration and minimal capital requirement

• The owner is personally liable for debts

This structure is suitable if you’re testing a business idea or operating with minimal risk and investment. However, liability is a key drawback.

2. Limited Liability Company (EPE - Εταιρεία Περιορισμένης Ευθύνης)

The EPE is similar to an LLC in other jurisdictions. It is one of the most popular forms for small and medium-sized businesses.

Key features:

• Requires a minimum capital of €4,500

• Liability is limited to the company’s assets

• Can have one or more shareholders

• Managed by one or more administrators

The EPE strikes a balance between flexibility and legal protection, making it a smart choice for many entrepreneurs going through company registration Greece.

3. Private Company (IKE - Ιδιωτική Κεφαλαιουχική Εταιρεία)

Introduced more recently, the IKE has quickly become the most flexible and modern business structure in Greece.

Key features:

• Minimum capital of just €1

• Shareholders can contribute capital, labor, or know-how

• Simplified formation and governance

• Liability is limited to the company’s capital

The IKE is especially popular for startups and foreign entrepreneurs interested in a streamlined business setup in Greece. If you’re looking to launch with minimal capital and less red tape, this structure is worth serious consideration.

4. Société Anonyme (AE - Ανώνυμη Εταιρεία)

The AE is the most formal and regulated business structure in Greece, comparable to a corporation.

Key features:

• Minimum share capital of €25,000

• Ideal for large-scale businesses

• Requires a Board of Directors and General Assembly

• Shares can be publicly traded

This structure is best suited for businesses aiming to scale quickly, raise capital, or operate in high-investment industries. While the setup is more complex, it’s a solid foundation for long-term growth.

5. General Partnership (OE - Ομόρρυθμη Εταιρεία)

The OE is a business formed by two or more partners who share profits, management responsibilities, and liabilities.

Key features:

• No minimum capital required

• Partners are jointly and fully liable

• Simple registration process

• Often used for family or local businesses

This structure works well for small teams with shared responsibilities and trust, but the unlimited liability can be a significant risk.

6. Limited Partnership (EE - Ετερόρρυθμη Εταιρεία)

The EE is similar to the OE but includes both general and limited partners.

Key features:

• General partners have full liability and manage the business

• Limited partners contribute capital but have limited liability

• Flexible setup with clear roles

This is a good middle-ground for partnerships where not all partners want operational control or full liability exposure.

Which Company Type Is Right for You?

Here’s a quick summary to help you decide:

When planning your business setup in Greece, also consider where you'll be operating (mainland or islands), industry regulations, and the possibility of expanding across the EU.

How to Start a Business in Greece: Basic Steps

Regardless of the company type, the general steps for company registration Greece include:

1. Choose a company name and legal form

2. Prepare the Articles of Association

3. Register with the General Commercial Registry (GEMI)

4. Obtain a tax identification number (AFM)

5. Open a corporate bank account

6. Register with the Social Security Organization (EFKA), if applicable

Certain sectors may require additional permits or licenses, especially if you’re operating in finance, food, or tourism.

Conclusion

Greece offers a diverse range of company structures to fit almost any business model. Whether you’re launching a digital startup, a family-run café, or a large export company, understanding the legal forms is the first step to successful company registration in Greece.

With its strategic location, EU membership, and evolving digital infrastructure, Greece is becoming an increasingly viable option for foreign investors and entrepreneurs. The key is to choose the company type that aligns with your vision, risk appetite, and future goals.

If you’re ready to start a business in Greece, or just exploring your options, taking time to choose the right legal structure will help you build on a solid foundation.

Frequently Asked Questions

1. Can a foreigner start a business in Greece?
Yes, foreigners can start and own a business in Greece. EU nationals have fewer restrictions, but non-EU citizens may need additional permits or local representatives, depending on the company type.

2. What is the easiest company type to register in Greece?
The Private Company (IKE) is currently considered the most flexible and easy-to-register structure, especially for startups and small teams.

3. How long does company registration in Greece take?
On average, it takes 10 to 15 business days, depending on the company type and completeness of your documents. IKE and sole proprietorships are usually the fastest to set up.