Types of business you can set up in Greece:
- Limited Liability Company
- Societe Anonym (A.E.) โ Company Limited by Shares
- Partnership
- Sole Trader
There are two types of Tax, corporate and personal income tax
- Corporate Tax – currently there is a flat rate of 39% plus further taxes upon personal tax declarations of the shareholders.
- Personal Income Tax โ up to โฌ12,000 of annual income there is no implication of tax. Beyond the โฌ12.000 the amount of payable tax is decided according to earnings using a scale between 22% and 45%, with the top band at a modest โฌ40,001 annual income.
VAT โ currently there is a VAT charge of 24%.