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Company Law

Main company types – characteristics and incorporation cost

 

O.E. /E.E. Limited Liability Company I.K.E. S.A.
Number of members 2-unlimited 1-unlimited 1-unlimited 1-unlimited
Minimum Share capital none € 30 for each founder € 1 for each founder € 24,000.00
Liability of members Unlimited for the O.E. members

In the “E.E.” there is at least one member with unlimited liability and at least one member with limited liability

Limited Limited Limited
Corporate tax rates a) For O.E/E.E with  bookkeeping of B’ category:

For the first 50.000€ 26%

For more than 50.000€ 33%

b) For O.E/E.E with bookkeeping of C’ category:

Tax rate 29%

– 29%

– Extra rate for the distribution of profits: 10%

– 29%

– Extra rate for the distribution of profits: 10%

29%

– Extra rate for the distribution of profits: 10%

Approximate cost of incorporation (without legal fees) € 50 incorporation cost

(for more than 3 founders,

€ 5 for each additional founder)

€ 10 GEMI registration cost

€ 10 ACCI registration cost

€ 80 (for the annual ACCI subscription)

€ 70 incorporation cost

(for more than 3 founders,

€ 5 for each additional founder)

€ 10 GEMI registration cost

€ 10 ACCI registration cost

€ 150 (for the annual ACCI subscription)

+ Notary Public’s fees for the Articles of Association (fees also depending on number of AoA pages)

€ 70 incorporation cost

(for more than 3 founders,

€ 5 for each additional founder)

€ 10 GEMI registration cost

€ 10 ACCI registration cost

€ 100 (for the annual ACCI subscription)

+ Notary Public’s fees for the Articles of Association (fees also depending on number of AoA pages), only if AoA is drafted by Notary Public

€ 70 incorporation cost

(for more than 3 founders,

€ 5 for each additional founder)

€ 10 GEMI registration cost

€ 10 ACCI registration cost

€ 320 (for the annual ACCI subscription)

+ Notary Public’s fees for the Articles of Association (fees also depending on number of AoA pages)

Approximate time required for incorporation 5-20 days upon submission of all required documents to the competent authority 5-20 days upon submission of all required documents to the competent authority 5-20 days upon submission of all required documents to the competent authority 5-20 days upon submission of all required documents to the competent authority
Other considerations N/A