Many may not consider Greece as a place to start a business at the moment due to the documented financial woes, but what can be seen in the past two years is the new Greece which is now getting stable and catching up to its older self. Investors, by setting up a business in Greece in the near future could get ahead of the trend for when money starts coming back into the country by setting up quickly and cheaply and reaping its rewards in the not too distant future.
If not setting up a fully-fledged business, one can always opt for establishing a branch of the foreign company in Greece. Foreign companies are allowed to set up separate enterprises from the parent company, where the foreign company will be a shareholder in a Greek company. Foreign companies can also open extensions of the parent company in Greece which is a branch office.
Even if the branch is not considered as a legal entity, it must be registered before starting any commercial activities in Greece. A branch of a foreign company may be established in Greece through registration with the General Commercial Registry. For this purpose, certain documents must be filed with the General Commercial Registry. The procedure is simple and straight-forward and includes the following steps:
If the foreign company is not from an EU country member, the work permits and the residents’ permits must be submitted. All the above documents must be certified and followed by an official translation in Greek.
You can take the help of an advisor if you are not aware of the laws and procedure while establishing a branch in Greece. It will not just be time-saving and cost-efficient but you can completely concentrate on your business without worrying about the registration procedure. We at Business Setup Worldwide are here to help you start your business in Greece. Our advisors in Greece are well-versed with the legal framework and can help you through the process while making it hassle-free. Contact us today for more information.