This article explains the tax laws in Greece, reading this will help you becoming knowlegeable on the specific tax laws and rates for a LLC which is the most common legal entity in Greece.
GR imposes a tax on income from outside the country independently then it it was earned inside the country. Thepredominant estimated rate for offshore tax, from our research, but seek professional advice, is 0%. Greece does not have known exemptions to transfer in income earned abroad earned outside the borders. Taxes are lower than average in Greece as the is 26%. This ranks Greece as 121st when compared to CIT globally. . .
The valued added tax rate in GR is 23.00%, that ranks Greece as 121st when compared to VAT taxation rate internationally. In terms of other taxation, an employer will contribute 27.46% to the equivalent of a social security fund and an employee will contribute 16.50%. The overall complexity of the tax system is low. This is measured by average time to comply with a country's labor tax requirements is as it is 46hours. Contributing to this is the number of yearly labor tax payments, which is 1 in GR.
Thin capitalization mandates are officially enacted. Thin capitalisation refers to any sort of requirements on companies' debt-to-asset ratios. A dividend is payments of an earnings of the legal entity, established by the board of directors, to a particular class of shareholders.Dividends can be issued as shares of stock, cash payments, or other property. The capital gains taxation rate in GRis 0%. A capital gains tax is levied on the profits that a corporation or natural person realizes when he or she sells sells a capital asset for a price that is higher than the purchase price.
The interest witholding rate is estimated at 0This should be interpreted usually that the taxman expects relevant legal entities to automatically withhold 0 of payments offshore for for interest payments. The dividends witholding rate is 0This should be interpreted usually that the relevant tax authorities expects relevant legal entities to pay tax on at least 0 of payments abroad for dividend payments. The royalties witholding rate 0 Which means that the taxman expects to automatically withhold 0 of money remitted abroad for royalty payments.
There is no known tax on wealth in Greece. There are inheritance taxes in Greece placed on an estate. We are aware of widely used credits for innovation spend that include breaks on taxation here.
The above is not tax or legal advice for your individual personal tax obligations. Incorporations.io can to help you find to a lawyerin Greece who can properly advise you. Contact us today. Click the free consultation button above.
It takes approximately 78 hours to file and prepare documents for a Greece Civil Law.
The corporate tax is approximately 26% which is 121 in the world.
Owners of a company in Greece are not allowed to carry back a loss and may be allowed to carry forward a loss for 5 years.
The vat rate in Greece is 23% which ranks 164 in the world.
Thin capitalization rules are not in effect.
A corporate director is permitted, meaning this country is a good option if you are setting up a structure where you want to protect director liability.
The directors are disclosed in the public registry of Greece, Invest In Greece Agency. Shareholders are disclosed in the Invest In Greece Agency.
Typically companies take 4 weeks to setup and there are 1 director(s) required and 1 shareholder(s) required at the time of incorporation.
Overall we think Greece is a ok option and have given it a score of 55 as an IO score, using the Incorporations.IO proprietary formula.
We can help you form a company in Greece. Click the button above for a no-obligation quote. We will provide you with all the necessary documents to open a bank account as well as a registered office in Greece, which is required by law.
We can help you with your incorporations needs for an initial payment of just $1000.
Easy Step by Step Process:
The standard process typically takes between two (2) to three (3) weeks depending on when we receive all the required information from you. Once we receive your information, we will email you a complete set of documents for your review within 3 working days upon confirmation of payment. After executing the documents, you will need to mail them to us and we will formally submit your application for filing with the Registry. The Registry will then take about 3-8 working days to process the incorporation and produce certificates necessary for opening your bank account.
Applying for Your Bank Accounts:
Incorporations.IO maintains close working relationship within our extensive network of partner banks to help you apply for and receive banking services that are most appropriate to your specific situation. From the time of verification of incorporation it can take (1) one week to (2) two weeks to apply for and receive a bank account. We work primarily with banks that allow for remotely opened accounts to ensure you are ready to do business as soon as possible.
Applying for Payment Processing:
We include introductions to payment processors or merchant accounts with all of our incorporation services. Whether you just need standard credit card processing or specialized services for high risk processing, we have partners that can assist you and are happy to help you with introductions that can empower your business.
Start Online or via Phone:
We can get started for you whenever you are ready via a US$1000 initial payment via credit card. I get notified whenever a payment is made here and would send out the welcome letter and initial forms we would need within 12 hours. If you prefer, we can also process via a phone or Skype call.
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