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 |