Best Business Lawyers in Corfu

About Business Law in Corfu, Greece

Corfu combines its rich cultural heritage with vibrant business opportunities, making it an attractive location for both local entrepreneurs and international investors. The business environment is shaped by Greek national laws, as well as specific local practices unique to the island. Common sectors in Corfu include tourism, hospitality, retail, agriculture, and real estate. Whether you are starting a new venture, expanding an existing business, or investing, understanding the legal landscape is crucial for compliance and success.

Why You May Need a Lawyer

Navigating business matters in Corfu can be complex, especially for those unfamiliar with Greek regulations and local customs. Common situations where legal assistance is beneficial include:

• Setting up a new business or company
• Buying or selling real estate for business purposes
• Drafting, negotiating, or reviewing contracts
• Complying with employment law and labor regulations
• Acquiring permits and licenses
• Resolving disputes with partners, customers, or authorities
• Understanding tax obligations and planning
• Protecting intellectual property and trademarks
• Handling mergers, acquisitions, or restructuring
• Dealing with debt recovery and insolvency issues

Local Laws Overview

Business activities in Corfu are governed by a combination of Greek national laws and European Union regulations. Some key legal areas to consider include:

• Business Structures: Options include sole proprietorships, partnerships, limited liability companies (IKE), and public limited companies (AE). The choice of structure affects taxes, liability, and reporting requirements.
• Company Registration: Companies must be registered with the General Commercial Registry (GEMI) and may also require additional licenses depending on the type of activity.
• Taxation: Businesses in Corfu are subject to Greek corporate tax laws, VAT, and local taxes. Proper registration with the tax office is essential.
• Employment Law: Greek labor laws cover contracts, working hours, termination, insurance, and employee rights. Staff must be registered with the appropriate social security authorities.
• Permits and Zoning: Certain activities, especially in tourism and food services, require special permits from municipal and regional authorities. Zoning laws also influence where specific businesses can operate.
• Real Estate Transactions: Buying or leasing property in Corfu involves due diligence, contract drafting, and checks for encumbrances or restrictions.
• Commercial Contracts: Well-drafted contracts are essential for relationships with suppliers, customers, partners, and employees.
• Intellectual Property: Protecting business names, trademarks, and innovations is possible through Greek and EU registration systems.

Frequently Asked Questions

What type of business entity should I choose in Corfu?

It depends on your needs, liability exposure, investment size, and tax considerations. Common structures include sole proprietorship, limited liability company (IKE), partnership, and public limited company (AE).

How do I register a new business in Corfu?

You start by choosing a business structure, registering with the General Commercial Registry (GEMI), obtaining tax registration, and securing any specific licenses or permits required for your activity.

Are there specific business permits required in Corfu?

Yes, especially in tourism, hospitality, and food service. You often need health and safety checks, environmental permits, and operational licenses from local authorities.

What are the tax obligations for businesses in Corfu?

All businesses must register for VAT, pay corporate income taxes, and may be subject to municipal taxes and social security contributions for employees.

How can I employ staff legally in Corfu?

You must provide formal employment contracts, register employees with the social security fund (EFKA), and comply with Greek labor laws on wages, working hours, and termination.

Can foreigners set up a business in Corfu?

Yes, EU citizens and many non-EU nationals can own or co-own businesses in Greece, subject to certain documentation and regulatory requirements.

How do I purchase commercial property in Corfu?

You need to conduct legal due diligence, sign a preliminary and final contract (usually before a notary), and register the purchase with the local land registry office.

What happens if a business dispute arises?

Disputes may be resolved through negotiation, mediation, or formal legal proceedings in local courts. Having clear contracts and legal representation can help protect your interests.

How can I protect my business name or brand in Corfu?

You may register trademarks and intellectual property with the Hellenic Industrial Property Organisation (OBI) and, if applicable, through EU-wide systems.

What are the common pitfalls for new businesses in Corfu?

Common issues include inadequate due diligence, misunderstandings of local laws, improper licensing, inconsistent contracts, and insufficient tax planning.

Additional Resources

For those seeking further information or legal support for their business in Corfu, the following resources are useful:

• General Commercial Registry (GEMI): The official body for business registration and company filings.
• Corfu Chamber of Commerce: Supports local businesses with advice and networking.
• Municipality of Corfu: Provides local permits, business licenses, and information on municipal regulations.
• Greek Ministry of Development and Investments: Offers guidelines for foreign and domestic investors.
• Hellenic Industrial Property Organisation (OBI): Manages intellectual property registrations.
• Greek Tax Office (AADE): For tax registration, guidelines, and updates on tax regulations.

Next Steps

If you are considering starting, expanding, or investing in a business in Corfu, it is vital to take the following steps:

• Identify the business sector and entity type best suited to your goals
• Collect all necessary documentation for company formation or acquisition
• Consult a local business lawyer to ensure compliance with Greek and EU regulations
• Engage a qualified accountant to manage tax registration and reporting
• Apply for relevant permits and licenses before commencing operations
• Draft clear contracts for business partners, suppliers, and employees
• Monitor compliance with labor, tax, and industry-specific laws
• Seek professional advice promptly if a legal issue arises

Taking these actions will help protect your interests and lay the foundation for a successful business venture in Corfu. A knowledgeable local lawyer can play a critical role in guiding you through the legal requirements and advising on best practices tailored to your business needs.