How to Establish a Private Capital Company (Greek IKE) in Greece as a Non-Resident?

Greece has become an increasingly attractive investment destination for non-residents who wish to conduct business within the EU, benefiting from its strategic geographical position, stable legal framework, and improved digital infrastructure. The Private Company (IKE) is currently the most popular business structure, offering flexibility, simplified procedures, and limited liability.

Why is it beneficial for a non-resident to create an IKE, and what is an IKE?

An IKE is a legal entity that can be formed by one or more individuals or legal persons — even remotely.

The benefits of establishing an IKE in Greece are numerous. Indicatively: a) No physical presence is required in Greece for its formation, b) It can be founded with a minimum capital of just €1, c) It is ideal for freelancers, startups, real estate investors, and consultancy activities, d) It offers legal protection to its partners,  e) It is fully recognized across all EU member states.

How and who can set up an IKE from overseas?

Residents of EU countries and third countries can establish a Private Company (IKE) in Greece. Both individuals and legal entities are eligible, with the main prerequisite being the possession of a Greek Tax Identification Number (AFM).

The incorporation process is entirely electronic and significantly simplified, making it especially accessible to individuals living abroad.

To get started, you will need:

• A notarized Power of Attorney
• A Greek Tax Identification Number (AFM)
• A registered office in Greece (can be a leased office or coworking space)
• A Greek bank account
• An accountant to manage monthly reporting and ensure tax compliance

Taxation of IKE Companies 

Benefits of Opening an IKE in Greece 

Forming a Private Capital Company (IKE) in Greece offers substantial advantages to residents both within and outside the European Union::

1. EU Business Presence at Low Cost
   IKE allows you to establish an official EU business presence with minimal capital and limited bureaucratic requirements.
2. Tax Residency in Greece
   You can shift your business operations from higher-tax jurisdictions and take advantage of Greece’s favorable tax framework.
3. Remote Operation
   You can manage your company entirely remotely without being physically present, thanks to fully digitized procedures..
4. Access to European Funding Programs (e.g. ESPA)
   With a Greek AFM, you are eligible to apply for grants and support through EU entrepreneurship programs such as ESPA.

Final Thoughts

Establishing an IKE in Greece from abroad has never been easier or more beneficial. The speed of the process, favorable tax environment, simplified requirements, and full remote operability make Greece a highly appealing destination for business within the European Union.

For those living outside Greece who wish to launch a flexible business venture or gain access to the European market, the IKE is the ideal first step.

Don’t hesitate to contact us. We are here to answer any questions you may have. Our goal is to be your trusted partner, offering experienced legal and accounting support, so that you can move forward with confidence and remain fully compliant with all legal and tax regulations.