Best Corporate & Commercial Lawyers in Mykonos

About Corporate & Commercial Law in Mykonos, Greece

Corporate and commercial law in Mykonos sits within the broader framework of Greek and European Union law. It covers company formation, governance, commercial contracts, licensing, taxation, and regulatory compliance for businesses on the island and across Greece. Given Mykonos’ dependence on tourism and seasonal operations, practical guidance often centers on licensing, employment, and contract management tailored to peak seasons. Local advisers help align national rules with the island’s unique business calendar and real estate landscape.

Understanding the interplay between national statutes and EU regulations is essential for Mykonos residents. Local authorities frequently require timely licensing, inspections, and record keeping for hospitality venues, rental properties, and retail operations. A corporate lawyer can help navigate these requirements, draft robust agreements, and resolve disputes efficiently. This guide highlights practical considerations for residents and business owners in Mykonos.

Why You May Need a Lawyer

• Establishing a tourism business such as a hotel, villa rental, or seasonal restaurant requires a coherent corporate structure and licensing strategy tailored to Mykonos’ peak season.
• Negotiating commercial leases for commercial space in Mykonos town or border areas demands careful drafting to cover rent, renewal options, termination rights, and local permit dependencies.
• Complying with short term rental platform requirements (Airbnb, Vrbo) and local regulations to avoid penalties or license revocation on seasonal properties.
• Hiring and managing seasonal staff under Greek labor and social security rules, including registration, contracts, payroll compliance, and termination procedures.
• Drafting and enforcing supplier and customer contracts to address delivery terms, performance standards, force majeure during peak season, and dispute resolution.
• Handling regulatory or tax disputes, including VAT, corporate tax, and audits, with guidance on cooperation with Greek authorities.

Local Laws Overview

• Law 2190/1920 on the Greek Companies Code governs corporate forms (AE, OE, and other entities) and their governance. This law is the cornerstone for company formation and corporate affairs in Greece and has been amended many times to adapt to new business needs. For primary text, see the official Greek legislation repository.
• Law 4072/2012 on private companies (IKE) introduced a simplified private company form suitable for small to mid sized ventures. It remains a practical option for Mykonos projects with a modest initial capital and straightforward governance. It began to apply in 2012 and has been used widely since then.
• Regulation (EU) 2016/679 on data protection, commonly known as the General Data Protection Regulation (GDPR). GDPR governs how businesses in Mykonos collect, store, and process personal data of customers and employees. It became enforceable across Greece on 25 May 2018 and continues to shape data handling practices.

GDPR applies to all entities processing personal data of EU residents, with penalties up to 20 million euros or 4 percent of annual global turnover, whichever is higher.

Notes on sources and updates: - Greek corporate law structures and recent amendments are published on official legislative portals, including Greek law texts and amendments. - GDPR is implemented across Greece as an EU regulation and is accessible through EU and Greek authority resources.

Frequently Asked Questions

What is the Greek Companies Code and how does it affect Mykonos startups?

The Greek Companies Code outlines standard corporate forms, governance rules, and reporting requirements. It affects how you form, run, and dissolve companies in Mykonos. Understanding it helps avoid non compliance in a high season cycle.

How do I register a company in Mykonos under Greek law?

Registration typically involves preparing articles of association, selecting a corporate form, and filing with the General Electronic Registry. A local attorney can guide you through name checks, capital requirements, and registration timelines.

When is GDPR compliance mandatory for Mykonos hotels and villas?

GDPR compliance is mandatory for any business processing personal data of customers or staff. Greece implemented GDPR in 2018, and penalties apply for improper data handling and consent failures. Start with data maps and privacy notices.

Where should I file annual financial statements for a Mykonos company?

Annual financial statements are typically filed with the national authorities and may require submission to the tax authority and banking records. A local lawyer can ensure accurate reporting and timely filings.

Why is a local Mykonos lawyer important for licensing and permits?

Local lawyers understand island specific licensing, zoning, and inspections. They help secure licenses for hospitality operations and coordinate with municipal authorities to avoid delays.

Can I set up an IKE private company in Greece and how?

Yes, an IKE is a private company form designed for smaller ventures. It requires simpler governance and capitalization than a traditional AE or OE. A lawyer can draft the articles of association and file the formation documents.

Should I hire a Greek lawyer for cross border contracts within the EU?

Yes. A local lawyer familiar with Mykonos markets and EU law can tailor contracts to Greek enforcement norms and cross border issues, mitigating jurisdictional and enforcement risks.

Do I need a Greek tax number to start a business in Mykonos?

Yes. A Greek tax number and VAT registration are typically required to open a business, hire staff, and issue invoices. Your lawyer can coordinate with the tax authority to obtain these identifiers.

Is there a difference between AE and OE for my Mykonos business?

AE is a public limited company with share capital and broader governance requirements. OE is a private company with more flexible management. The choice affects liability, governance, and reporting.

How long does a typical company formation process take in Greece?

Formation typically takes 2-6 weeks depending on form, capital, and licensing. Islands like Mykonos may experience additional municipal processing time, so plan accordingly.

What is the difference between a contract and a memorandum of understanding in Greece?

A contract is legally binding with enforceable obligations. A memorandum of understanding outlines intent and future negotiations without binding terms until a formal contract is signed.

How much do corporate legal services cost for Mykonos projects?

Costs vary by matter complexity and firm size. Typical engagements include fixed fees for standard work and hourly rates for bespoke work. Ask for a detailed engagement letter before starting.

Additional Resources

• European Commission - Data protection rules GDPR provides official guidance on data handling and compliance requirements for businesses across Greece. https://ec.europa.eu/info/law/law-topic/data-protection_en
• OECD Greece - Business climate and corporate governance offers analysis and recommendations relevant to corporate structures and compliance in Greece. https://www.oecd.org/greece/
• Hellenic Statistical Authority (ELSTAT) provides official economic and business statistics for planning and compliance. https://www.statistics.gr/en

Next Steps

1. Define your Mykonos business goals and select a preferred corporate form (AE, OE or IKE) based on ownership, capital needs, and governance.
2. Gather key documents such as identification, proof of address, proposed company name, and initial capital details to prepare filings.
3. Research and shortlist local corporate lawyers with Mykonos experience in hospitality, licensing, and EU compliance.
4. Schedule an initial consultation to discuss licensing, employment, and data protection requirements specific to Mykonos operations.
5. Draft and review a detailed engagement letter outlining scope, timelines, and fee arrangements before starting work.
6. Proceed with company formation, licensing, and tax registrations, while setting up data protection, contracts, and supplier agreements.
7. Establish a compliance calendar with annual filings, license renewals, and employee payroll obligations to avoid penalties.