Best Business Registration Lawyers in Corfu

About Business Registration Law in Corfu, Greece

Business registration in Corfu, Greece, is a legally required process for anyone intending to operate a business either as an individual (sole proprietor), partnership, or company. The procedure is governed by national Greek laws but also features local specifics related to the region of Corfu. Registration ensures that businesses operate within the legal framework, pay taxes, contribute to social security, and have access to the Greek market. Whether you want to open a small shop, a hospitality business, or a new local branch of an existing company, you must follow these essential legal steps to be recognized as a legitimate business entity in Corfu.

Why You May Need a Lawyer

While some straightforward registrations may be managed independently, legal support is often invaluable in business registration matters. You may need a lawyer when:

• You are unsure about the type of business entity that best matches your needs
• You must draft or review agreements among partners or shareholders
• Your business involves non-Greek nationals or foreign investors
• There are complexities in tax status, permits, or licenses specific to Corfu or your sector
• You encounter language barriers or require translation of official documents
• You wish to avoid delays or errors during submission and review of your registration
• Disputes, ownership changes, or succession planning issues arise

A lawyer can clarify the requirements, assist with documentation, represent you before authorities, and make the process much smoother and safer legally.

Local Laws Overview

Greek business registration operates under the Hellenic Republic’s national legislative framework, especially Law 4919/2022 (regarding business registration and operation) and specific regulations governed by the General Commercial Registry (GEMI). In Corfu, there are also regional procedures that reflect the local Chamber of Commerce, Tax Office (DOY), and municipal requirements.

• All new businesses must be registered with the General Commercial Registry (GEMI)
• Obtaining a Tax Identification Number (AFM) is mandatory, both for the business and founders
• You must register for social insurance with the Unified Social Security Fund (EFKA)
• Additional permits or approvals are necessary for certain sectors, especially tourism, hospitality, and food services
• Depending on your municipality within Corfu, you may need specific local licenses
• Foreign individuals or entities often face extra documentation requirements
• All official documents must be in Greek or accompanied by official translations

Missing a step or providing incomplete documentation can delay your registration or even result in rejection, so attention to local legal details is crucial.

Frequently Asked Questions

What is the first step in registering a business in Corfu?

The first step is deciding on the type of business entity and ensuring you have all necessary identification documents. Afterward, you should register your business with the General Commercial Registry (GEMI) and obtain a Tax Identification Number (AFM).

Can foreigners register a business in Corfu?

Yes, foreigners can register a business but may need to provide additional documents, such as a residence permit, passport copy, and proof of address. Legal representation is often recommended for non-Greek speakers.

How long does the business registration process take?

The process can take from a few days to several weeks, depending on the type of business entity, how complete your documentation is, and whether additional licenses are needed. Company types like an S.A. or Ltd might take longer due to more paperwork.

What are the most common types of business entities in Corfu?

Sole proprietorships, limited liability companies (I.K.E.), anonymous companies (S.A.), and general or limited partnerships are the most common business structures in Corfu.

Are there specific licenses required in Corfu for certain businesses?

Yes, certain sectors such as hospitality, food services, and tourism require local and sector-specific licenses or permits in addition to the general business registration.

Is it necessary to register with the local Chamber of Commerce?

Typically, all businesses must register with the local Chamber of Commerce, as part of the overall registration process with GEMI in Corfu. The Chamber provides support and guidance for registering businesses.

What are the tax obligations after registering a business?

After registration, businesses must declare taxes, submit VAT returns (if applicable), and fulfill social security contributions for owners and employees. Regular accounting is essential to meet Greek tax law requirements.

Can I change my business structure after registration?

Yes, it is possible to change the legal form of your business, but this requires new documentation, approval by the relevant authorities, and can involve additional fees and legal assistance.

Do I need a Greek bank account for my business?

Yes, opening a Greek business bank account is usually necessary to conduct commercial transactions, receive payments, and pay employees and taxes. Bank requirements can vary, especially for foreign owners.

What happens if I operate a business without registration?

Operating an unregistered business is illegal in Greece and can result in severe penalties, including fines and closure of the business. Legal registration ensures compliance and access to all business rights and protections.

Additional Resources

Individuals seeking assistance for business registration in Corfu may contact or research the following:

• Corfu Chamber of Commerce - The main body for local business support and guidance
• General Commercial Registry (GEMI) - National system for all business entities
• Greek Ministry of Development and Investments - Provides comprehensive resources and forms for business registration
• Local DOY Tax Office - For AFM and tax matters
• Business associations for sector-specific guidance
• Certified lawyers and accountants experienced in Greek business law, especially with knowledge of the Corfu region

These resources offer up-to-date information and are an essential support network for both local and foreign entrepreneurs in Corfu.

Next Steps

If you are ready to begin the process of business registration in Corfu, Greece, here is a step-by-step guide:

1. Identify your business activity and preferred legal entity (sole proprietorship, partnership, company)
2. Collect all necessary personal and business documents, ensuring any foreign documents are officially translated
3. Consult with a lawyer specializing in Greek business law to review your plans and documentation
4. Register your business at the General Commercial Registry (GEMI) and obtain your Tax Identification Number (AFM)
5. Contact the Corfu Chamber of Commerce for additional sector-specific requirements
6. Apply for any additional licenses, permits, or municipal approvals required for your type of business
7. Open a local Greek business bank account
8. Register with social insurance providers (EFKA) if applicable
9. Ensure you have an accountant for ongoing tax, VAT, and legal compliance
10. Maintain copies of all registration documents for your records and future use

Seeking professional legal advice at the outset will help you avoid costly mistakes and ensure a smooth path to starting and operating your business legally in Corfu.