It is the simplest form of a business, founded, organized and managed by one person.
Two or more, both individuals and legal persons, have a common goal to co-trade under the corporate name.
Commercial personal company with legal personality where some partners -one or more- are unlimitedly and jointly liable for the company’s debts (general partners) while others -one or more- are not liable (limited partners).
It is an intermediate (personal and capital) form of company. It is a capital company that has a legal personality. It is always considered a commercial company.
It has two bodies: The General Assembly of partners and the Manager.
An individual or legal person is sufficient for the establishment of such a type of company.
It is a legal entity that has a profit-making nature. Its main advantage is that the members are liable up to the amount of their participation. It needs at least two individuals or legal persons.
This type is an urban cooperative of social purpose with its members –that are a group of people- having limited liability. It has a commercial status by law, it is managed equally by its members. There is a pursuit of collective benefit and the profit results from the actions serving the social interest.
Depending on the specific purpose they serve, the SCE are divided into 3 categories:
The members must be at least 7, while for the establishment of a SCE Social Care or Collective, and Productive Purpose at least 5 members are needed.
The basic legislative framework for business activity of third-country nationals in Greece:
A) Law 3386/2005 on the entry, residence, etc. of third country nationals, as applicable, mainly concerns sole proprietorships and the exercise of independent economic activity.
B) The investment law 3894/2010, for investments in Greece with the participation of public and private entities.
C) The relevant provisions of the laws for the establishment of a sole proprietorship and company in general (anonymous, limited liability, joint venture, limited partnership, etc.), as well as a branch of a foreign company.
The procedure of a Company Formation can take place online through the https://eyms.businessportal.gr/auth platform. Including the specific procedures established to comply with Directive 2017/1132 (article 13, as amended by Directive 2019/1151).
The founders fill in data and sign electronically the relevant statutes of the company.
The system delivers a digital statute and creates the first act of registration in the General Commercial Register (GEMI) ‘’ΓΕΜΗ’’ (Business Register).
The newly formed company is automatically registered to the Tax Agency receiving a VAT number, and to the Social Security Agency receiving an Employer Registration Number.
The company is ready to start its activity in Greece in case there are no documents and other data missing.
If the online application for the company formation is not selected, then the company incorporation application can take place in person either at GEMI Services (https://eyms.businessportal.gr/eyms-helpdesk.pdf) or at an authorized notary (https://enotariat.gr/simvolaiografoi.php).
The above-mentioned residence permit, granted or requested, must allow the exercise of an independent economic business or investment activity, in accordance with the applicable legislation at each time.
All the above are submitted according to international law with their official translation
Supporting documents for the start of sole proprietorships:
Occasionally, there are funding opportunities provided by the Greek state, the European Union, Organizations, NGOs etc.