This article covers the typical costs associated with establishing and maintaining a standard Private Company (Ιδιωτική Κεφαλαιουχική Εταιρεία, IKE) in Greece, including a detailed breakdown of required government fees and professional charges for the 2025 fiscal year.
Company Establishment Costs in Greece (2025)
The process of forming a Private Company (IKE) in Greece comes with a set of mandatory expenses. As outlined for 2025, the average creation cost totals €900. The table below provides a clear breakdown of each component cost payable during incorporation.
| Expense Item | Amount (EUR €) |
|---|---|
| Minimum capital requirement | €1 |
| General Commercial Registry (GEMI) registration fee | €60 |
| Chamber of Commerce registration fee | €30 |
| Publication fee (GEMI announcement) | €10 |
| Lawyer/notary fees (average, for standard formation) | €500 |
| Official stamp duty and documentation | €49 |
| Other administrative fees (tax registration, etc.) | €250 |
| Total Average Creation Cost | €900 |
The minimum required share capital of just €1 is a notable feature, making the financial threshold for entry relatively modest, but professional, administrative, and registry costs constitute the main expense.
Annual Company Maintenance Costs in Greece
Once the company is established, there are ongoing annual costs for compliance and operation. For 2025, these typical maintenance costs for an IKE are estimated to range between €1,200 and €2,500 depending on the level of professional services engaged. Below is a detailed table summarizing these annual fees:
| Annual Expense Item | Amount (EUR €) |
|---|---|
| Annual General Commercial Registry (GEMI) renewal fee | €100 |
| Mandatory accounting services (annual, minimum) | €900 |
| Annual tax filing fees | €100 |
| Chamber of Commerce annual subscription | €100 |
| Optional legal/auditor fees (recommended, upper range) | €1,300 |
| Total Minimum Annual Cost | €1,200 |
| Total Maximum Annual Cost | €2,500 |
For most companies, core expenses (GEMI renewal, accounting, tax filing, and chamber fees) form the bulk of the maintenance outlay. Engaging legal or audit professionals, while optional, is increasingly standard for companies wishing to ensure full compliance and limit regulatory risk.
Key Sources for Company Cost Data
Pro Tips for Managing Company Costs in Greece
- Plan for professional fees: While the minimum legal capital is symbolic, budgeting for standard legal and accounting fees is essential to avoid compliance setbacks.
- Utilize government online services: Most registrations and renewals can be handled through official portals, reducing both time and costs, provided all documentation is accurate.
- Review subscription levels: Evaluate annually whether your company truly needs upper-range legal/auditor services, as these are a major variable in total yearly cost.
- Monitor administrative fee changes: Stay vigilant for updates from Greek authorities on GEMI and related registry fees, as adjustments may occur annually without broad notice.
Greece’s average company setup and maintenance costs are driven less by rigid share capital demands and more by the structured government and professional service fees. For 2025, the cost structure remains relatively predictable, with all recurring and initial charges clearly defined by relevant authorities. Prospective business owners should concentrate on precise documentation and anticipate the ongoing cost of compliance as part of their financial planning.