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Corfu, Greece Attorneys in related practice areas.
Corporate and commercial law in Corfu, Greece covers the legal aspects related to businesses operating on the island and in the broader Greek jurisdiction. This field of law is concerned with the creation, management, and dissolution of companies, as well as commercial transactions, contractual relationships, mergers, acquisitions, and dispute resolution. Corfu, with its vibrant tourism sector and growing business developments, requires a solid understanding of both local and national laws. Business owners and entrepreneurs must navigate Greek company types, licensing requirements, tax obligations, and regulatory compliance, making legal guidance especially important.
Legal assistance in corporate and commercial matters becomes essential in various situations. Whether you are starting a business, entering into a partnership, acquiring real estate for commercial use, or engaging in negotiations with foreign investors, Greek law can be complex and highly specific. Common scenarios where legal help is required include
Even day-to-day business decisions can have legal implications. Consulting a legal specialist in Corfu can help protect your interests and ensure you remain compliant with all relevant laws.
Greece operates under a civil law system, with commercial and corporate matters governed primarily by the Greek Civil Code and the Greek Company Law. Key aspects relevant to Corfu include
Local regulations may also affect environmental compliance, data protection, and consumer rights, especially for businesses catering to tourists in Corfu.
The most common forms are the Societe Anonyme (AE, similar to a corporation), Limited Liability Company (EPE), Private Capital Company (IKE), and general or limited partnerships. Each has different structures, liability, and capital requirements.
Company establishment can take from a few days to a few weeks, depending on the company type, completeness of documentation, and whether all prerequisites are met. Registration must be completed with the General Commercial Registry (GEMI).
No, both foreign individuals and companies can establish a business in Corfu without the need for a Greek partner, though certain sectors may have specific restrictions for non-EU nationals.
Companies are subject to Greek corporate income tax, value added tax (VAT), and other possible local duties. Annual filings and compliance with tax authorities are required. Professional guidance is recommended for proper planning and filing.
Yes, tourism and hospitality businesses in Corfu require sector-specific licenses and must meet health, safety, and environmental standards. There may also be additional local taxes related to hospitality services.
Employment relations are governed by Greek labor law, which mandates written contracts, minimum wages, limits on working hours, and provides specific procedures for termination and severance.
Yes, but non-EU citizens may face additional restrictions or require special approvals, especially for properties near border areas. Legal due diligence is essential in these transactions.
After company registration, you will need to provide corporate documents, tax identification numbers, identification for all shareholders and directors, and in some cases, business plans or other documentation as required by the bank.
GEMI is the General Commercial Registry, the official portal for registering all types of companies in Greece. Registration with GEMI is necessary for legal existence, compliance, and issuing necessary business certificates.
Most commercial disputes are handled by the local courts of Corfu or, where contracts specify, through arbitration or mediation. The appropriate method will depend on the nature of the dispute and the terms of any applicable contracts.
For those seeking further information or assistance in corporate and commercial matters in Corfu, the following resources may be helpful
Local professional service providers, such as accountants and notaries, can also provide vital support in the incorporation and management process.
If you need legal assistance in corporate and commercial matters in Corfu, consider taking the following steps
Seeking experienced legal counsel early can save time, avoid costly mistakes, and ensure your business interests are well protected in Corfu’s legal environment.
