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When doing business in Greece, companies tap into a diverse and strategically positioned economy supported by long-standing industries such as tourism, maritime services, agriculture, logistics and IT. Alongside these established sectors, Greece continues to channel significant investment into high-potential areas including tourism, manufacturing, film productions and technology-driven services, reinforcing its appeal for a broad range of investors.
The business environment combines ongoing modernisation with a clear regulatory framework that covers company formation, taxation, VAT rules and local obligations. At the same time, employment regulations provide straightforward contract options and defined pathways for Greek, EU and third-country nationals, supported by an established social security and personal tax system.
Together, these elements position Greece as a compelling destination for businesses seeking opportunities in Southeastern Europe. This infographic outlines the essential points to consider when evaluating your next move.
Our free eBook on international expansion was created in cooperation with our global business community, Accace Circle, providing basic yet valuable information from 17 countries. Breeze through the specifics of doing business across different markets and compare key data that may be crucial for your ambitions of international expansion.
Most common industries:
Industries favoured by investment incentives:
Most common legal form of business: private company (IKE)
Required no. of shareholders: at least 1
Required no. of directors: at least 1
Official company registers: www.businessportal.gr
Who are tax residents: companies that have been incorporated in Greece, have a registered seat in Greece or their place of effective management is located in Greece
Tax period: calendar year, ending either on 30 June or 31 December. In any case it cannot exceed 12 months
Due date for CIT return: the 15th of July following the end of the tax year
VAT registration for residents: all the Greek resident registered companies are eligible for VAT registration unless there are exemptions due to business activities, such as doctors, kindergarten schools, etc. and also exemptions due to annual turnover – i.e., EUR 10,000 annually
VAT registration for non-residents: A non-resident company, established in another EU member state or in a third country, has to be registered for VAT proposed in Greece when they carry out taxable transactions in Greece, for which it is not required to have permanent establishment, but they must pay Greek VAT
Other applicable taxes:
In Greece, there special income taxes based on location or region.
Who is entitled to work in Greece:
Types of employment contract:
* Based on the tax base
Who are tax residents: Individuals who have a permanent residence in Greece or stay in the country longer than 183 days
Tax period: calendar year
Due date for PIT return: 15 of July of the following year
Taxable incomes in Greece: are net incomes from all income sources
Health insurance contributions are included in the social security contributions
Doing business in Greece can open up exciting new opportunities, but it can also feel overwhelming without the right help. With our team of local experts, you will have guidance at every step as you navigate the Greek market. Whether you are starting a new venture or planning to expand your international business, we are ready to offer practical solutions designed for your needs.
We provide a full range of advisory and BPO services in Greece to help you handle tax, legal, and corporate requirements, along with accounting, payroll, reporting, and HR tasks. Our support makes sure your business stays efficient and meets all Greek laws and standards.
Market entry support | Tax advisory and compliance | Legal advisory | Accounting and reporting | Accounting portal | Payroll outsourcing | Payroll portal | Attendance portal | HR administration | Transaction advisory | Transfer pricing | Company registration | Corporate and secretarial services | ESG reporting | Online consulting | Fixed service packages
About Accace
Accace is a proactive consultancy and outsourcing partner who bridges the gap between needs and solutions. Combining smart and streamlined technology with a holistic approach, we provide an all-round care to clients and consider their matters as our own. With over 800 experts and approximately 2,000 customers, we have vast experience with facilitating the smooth operation and growth of small to large-scale, global businesses.
About Accace Circle
Accace operates internationally as Accace Circle, a co-created business community of like-minded BPO providers and advisors who deliver outstanding services with elevated customer experience and erase the borders of service delivery. Covering over 60 jurisdictions with more than 7,000 professionals, we support over 80,000 customers, mostly mid-size and international Fortune 500 companies from various sectors, and process at least 800,000 pay slips globally.
