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Company Law

Main company types – characteristics and incorporation cost

 

O.E. /E.E.Limited Liability CompanyI.K.E.S.A.
Number of members2-unlimited1-unlimited1-unlimited1-unlimited
Minimum Share capitalnone€ 30 for each founder€ 1 for each founder€ 24,000.00
Liability of membersUnlimited 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

LimitedLimitedLimited
Corporate tax ratesa) 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 incorporation5-20 days upon submission of all required documents to the competent authority5-20 days upon submission of all required documents to the competent authority5-20 days upon submission of all required documents to the competent authority5-20 days upon submission of all required documents to the competent authority
Other considerationsN/A