FAQ for Tax, VAT, Accounting and Company Setup in Greece

Yes. A foreigner can set up a company in Greece, provided that the correct corporate, tax registry, documentation and compliance route is followed. The setup may involve Greek AFM, company registration, UBO, VAT, accounting and banking steps.

A Greek IKE is often used by foreign founders because it is a flexible Greek private company form. However, the correct structure depends on the business model, shareholders, management, liability, tax position, VAT exposure and banking requirements.

A branch is usually considered when a foreign parent company wants a registered presence in Greece without creating a separate Greek company. The branch is connected to the foreign parent and requires corporate, tax and accounting coordination.

A Greek subsidiary is a separate Greek legal entity owned by a foreign shareholder. It is usually considered when the foreign group needs local contracts, Greek accounting books, payroll, VAT registration or long-term commercial presence in Greece.

Yes. A branch and a subsidiary have different tax, accounting, legal, banking and operational consequences. The correct route should be reviewed before the registration file is prepared.

No. Company formation creates immediate tax, accounting, VAT, UBO, banking and reporting consequences. The registration route should be connected with post-formation accounting and compliance from the beginning.

Many steps can be coordinated remotely through document exchange and online communication. Some cases may require certified documents, apostille, legalisation, translations or additional identification steps.

Use the Submit Your Case page if the matter involves foreign shareholders, documents, branch or subsidiary review, VAT, bank file preparation, payroll, Greek AFM or recurring accounting support.

A Greek AFM is a Greek tax identification number. It may be required for foreign individuals, foreign companies, shareholders, directors, representatives, property owners or businesses that need to interact with Greek tax authorities.

They may need a Greek AFM depending on their role in the Greek company, branch, subsidiary or tax registration file. This should be reviewed before the company setup procedure begins.

Yes. A foreign company may need a Greek AFM for tax registration, property activity, VAT registration, branch registration or other Greek tax purposes. The document route depends on the country, legal form and purpose of registration.

Not always. The need for a tax representative depends on the taxpayer, residence status, country, Greek activity and applicable procedure. The representative role should be reviewed before appointment.

VAT registration may be required when a foreign company carries out taxable activity in Greece, performs transactions requiring Greek VAT reporting or needs VIES, VAT returns or other Greek VAT compliance support.

VIES relates to intra-EU VAT transactions. If a business performs qualifying intra-EU transactions, its VAT registration and reporting position should be reviewed before invoicing begins.

It may create periodic VAT reporting and supporting documentation requirements. Depending on the activity, the business may also need accounting coordination, invoice review and myDATA monitoring.

myDATA is the Greek digital reporting environment for accounting and tax data transmission. Businesses operating in Greece should review how invoices and accounting classifications will be monitored and reported.

A foreign tax resident may need Greek tax filings if they have Greek-source income, property, business activity, tax registration obligations or other reportable matters in Greece.

Support may include Greek AFM, tax representative review, property tax obligations, E1/E2/E9 coordination, rental income, ENFIA, tax office communication and Greek-source income filings.

Many non-resident matters can be coordinated remotely through document exchange and online communication. Some cases may require certified documents, authorisations or additional verification steps.

A foreign property owner should review Greek AFM, E9, ENFIA, rental income reporting, property tax filings, short-term rental obligations where applicable and tax representative issues.

Short-term rental activity may require review of tax registration, declaration obligations, income reporting, VAT exposure in specific cases and whether the activity is personal or business-related.

A foreign company may acquire property in Greece, but the transaction should be reviewed for Greek AFM, documents, beneficial ownership, property tax, accounting, bank and reporting implications.

Yes. N.KOLYDAS I.K.E. can support foreign accounting firms that need Greek tax, accounting, VAT, payroll or company setup execution for their clients.

Yes. Law firms may need local accounting, tax registration, VAT, payroll, AFM, UBO, bank file and compliance coordination for client matters in Greece.

White-label or partner-based support may be reviewed depending on the case, client relationship, confidentiality needs, service scope and communication protocol.

No. Fees depend on the taxpayer, country, document complexity, UBO chain, VAT exposure, bank file requirements, payroll needs, accounting volume and urgency.

Indicative service categories can be reviewed on the Services & Pricing page. A final quote requires case assessment and scope definition.

Submit the taxpayer type, country, business activity, required service, current Greek registration status, documents available, deadlines and whether ongoing compliance is required.