Company limited by shares (S.A. or “A.E.”) – formation procedure

Basic characteristics A company limited by shares (SA or A.E.) is a company with share capital and legal personality,  liable for its debts only with the company assets. According to article 1 of Greek Law 2190/1920, a company limited by shares (SA) is a trade company, even if it is not a commercial enterprise i.e. its business scope is not related to trade. S.A. designates a particular type of corporation in various countries, mostly those employing the civil law. The concept is roughly equivalent to that of the public limited company in the UK. It can be differentiated from partnerships and...