Establishment – Starting a Business
The process of establishing companies has now been simplified by the electronic submission of the necessary supporting documents until the completion of the establishment. The specialized department of our company undertakes the complete establishment of your company until the return of A.F.M. with all legal procedures.
Business Forms
Private Capital Company
- The Private Capital Company (IKE) can be established by a single person.
- Company’s headquarters.
- Insurance in EFKA is obligatory only for the managers of the company.
- Establishment of the company with a minimum capital of 1 euro.
- The commencement of IKE takes place at the G.E.M.I (General Business Register or One-Stop E-Service).
Profits from a Private Capital Company (IKE) are taxed at a rate of 22% and 5% on the distribution of its profits with a tax advance of 80% for the following year.
KMservices will launch on your behalf all the necessary procedures for the establishment of your own Private Capital Company without you requiring to do anything more than just a simple authorization. Within just a few hours of submitting the authorization and supporting documents, we will hand over the complete file of your new business so that you can start your professional activity without any other delay.
Every week in our meeting we will receive the invoices and all the documents related to the smooth and legal operation of your business, then proceeding to the archiving (Physical – Digital) and their management. Also, regardless of the size of your business, you will receive the Monthly Financial Update every month.
SA
- The Societe Anonyme (SA) can be established by one person.
- Company’s headquarters.
- The shareholders with EFKA insurance have a participation percentage of 3% or more.
- The minimum amount of share capital is 25,000 euros.
- The start of SA takes place at the G.E.M.I (One-Stop E-Service).
- Only the property of the company and not of the partners, is liable for the corporate obligations.
- Non-compulsory Insurance in EFKA for shareholders with a percentage below 3%. • Decision making is done by majority.
- Divide the capital into equal shares, which are incorporated in securities called the shares.
Profits from a Societe Anonyme are taxed at a rate of 22% and 5% on the distribution of its profits, with a tax advance rate of 80% for the following year.
KM Services will launch on your behalf all the necessary procedures for the establishment of your own Societe Anonyme without the need for you to do anything more than a simple authorization.
Within just a few hours of submitting the authorization and supporting documents, we will deliver the complete file of your new business so that you can start your professional activity without any other delay.
Every week in our meeting we will receive the invoices and all the documents related to the smooth and legal operation of your business, then proceeding to the archiving (Physical – Digital) and their management. Also, regardless of the size of your business, you will receive the Monthly Financial Update every month.
Limited liability company
- The Limited Liability Company (Limited Liability Company) can be established by one person.
- Articles of Association of the company which is drawn up with a notarized document.
- Company’s headquarters.
- Insurance in EFKA. • Minimum amount of corporate capital € 4,500.
- The start of the LTD takes place at the G.E.M.I (E-Service of a Stop).
- Limited liability of partners.
- Existence of articles of association that define the purpose, the mode of operation and the exercise of administration.
- Only the property of the company and not of the partners is liable for the corporate obligations.
- Divide the capital into participation portions.
Profits from a Limited Liability Company are taxed at a rate of 22% and 5% on the distribution of its profits with a tax advance rate of 80% for the following year.
KM Services will initiate on your behalf all the necessary procedures for the establishment of your own Limited Liability Company without the need for you to do anything more than a simple authorization.
Within just a few hours of submitting the authorization and supporting documents, we will deliver the complete file of your new business so that you can start your professional activity without any other delay.
Every week in our meeting we will receive the invoices and all the documents related to the smooth and legal operation of your business, then proceeding to the archiving (Physical – Digital) and their management. Also, regardless of the size of your business, you will receive the Monthly Financial Update every month.
General partnership
- At least two partners are required for the establishment of a General Partnership.
- Articles of Association of the company which are written in a private document.
- Company’s headquarters.
- No specific amount of share capital is required.
- The beginning of G.P. takes place at the G.E.M.I (General Business Register /One-Stop E-Service).
- Unlimited Liability of General Partners.
- Compulsory insurance in EFKA ( Single Social Security Entity) of all partners.
- Existence of articles of association that stipulate the purpose, the mode of operation and the exercise of administration.
The profits emerging from a General Partnership are taxed at a rate of 22% with a tax advance rate of 80% for the following year.
KM Services will launch on your behalf all the necessary procedures for the establishment of your own General Partnership without the need for you to do anything more besides just a simple authorization.
Within just a few hours upon the submission of the authorization and documentation required, we will hand over the complete file of your new business so that you can start your business activity without any further other delay. Every week during our meeting we will receive the invoices and all the documents related to the smooth and legal operation of your business, then proceeding to the archiving (Physical – Digital) and its management. Furthermore, regardless to the size of your business, you will be granted a Monthly Financial Update every month.
Limited Partnership / Company
- The establishment of a Limited Partnership requires at least two partners, one of which is a General Partner and the other a Limited Partner, without any restriction on their participation rates.
- Articles of Association of the company which is written in a private document.
- Company’s headquarters.
- No specific amount of share capital is required.
- The commencement of the Limited Partnership takes place at the G.E.M.I (One Stop Service).
- Existence of articles of association that stipulate the purpose, the mode of operation and the exercise of administration.
- Unlimited Liability of General Partners.
- Compulsory insurance in EFKA of all partners.
The profits from a Limited Company are taxed at a rate of 22% with a tax advance of 80% for the following year.
KM Services will launch on your behalf all the necessary procedures for the establishment of your own Limited Company without the need for you to do anything more than just a simple authorization. Within just a few hours of submitting the authorization and supporting documents, we will deliver the complete file of your new business so that you can start your professional activity without any other delay.
Every week in our meeting we will receive the invoices and all the documents related to the smooth and legal operation of your business, then proceeding to the archiving (Physical – Digital) and their management.
Furthermore, regardless to the size of your business, you will be granted a Monthly Financial Update every month.
Sole Proprietorship
- Existence of an establishment area.
- The establishment area is proved either by a lease or concession, or by a real estate contract, if it is a privately owned space.
- Compulsory insurance in EFKA.
- Certificate of Pre-Registration Information of Name / Distinctive Title.
- Concerns the right to use the Name / Distinctive Title that you intend to use in your business. It is granted by the relevant Chamber.
- Tax Identification Number and Certificate of Commencement of Activity. Use your existing VAT number while the certificate is issued by the competent Tax Office of the region in which your business will be located or affiliated.
- Registration in the relevant chamber.
- Flexible form of business.
- Low operating costs.
Profits from a Sole Proprietorship are taxed according to the following scale:
| Taxable income (euro) | Rate (%) |
| < 10.000 | 9% |
| > 10.001 έως 20.000 | 22% |
| > 20.001 έως 30.000 | 28% |
| > 30.001 έως 40.000 | 36% |
| > 40.001 | 44% |
A 55% tax advance will be calculated in the Total Tax Charge.
KM Services will launch on your behalf all the necessary procedures for setting up your own Individual Business without you having to do anything more than just a simple authorization.
Within just a few hours upon the submission of the authorization and supporting documents, we will hand over the complete file of your new business so that you can start your professional activity without any other delay.
Weekly in our meeting we will receive the invoices and all the documents related to the smooth and legal operation of your business, then proceeding to the archiving (Physical – Digital) and their management. Also, regardless of the size of your business, you will receive the Monthly Financial Update every month.
