Share your needs with us, get contacted by law firms.
Free. Takes 2 min.
New business formation in Corfu, Greece is governed by a combination of Greek national laws and specific local regulations. Establishing a company or starting self-employment in Corfu involves several legal steps, including choosing a business structure, complying with zoning and taxation rules, and completing registration processes with various authorities. Corfu, as a popular tourist destination and hub for commercial activities, provides numerous opportunities for entrepreneurs, investors, and startups. Understanding the legal landscape is crucial for ensuring a smooth launch and ongoing compliance of your business.
While some aspects of starting a business in Corfu can be accomplished independently, there are many situations where legal assistance is invaluable. You may need a lawyer if you are:
A lawyer can provide tailored guidance to help you navigate the Greek legal system, saving you time and helping prevent legal disputes in the future.
Key aspects of local laws affecting new business formation in Corfu include:
Local customs and bureaucratic procedures in Corfu may differ from other parts of Greece, making local expertise very useful.
In Corfu, you can choose from several business forms including sole proprietorship, general or limited partnership, private company (IKE), limited liability company (EPE), and public limited company (AE), each with different setup, tax, and liability requirements.
No, Greek citizenship is not required. However, non-EU citizens must fulfill additional requirements and may need special permits or a local representative.
All businesses must register with the General Commercial Registry (GEMI) and obtain a Tax Identification Number (AFM) from the tax authorities. The process involves providing necessary documentation and sometimes proof of address or premises.
Yes, these sectors require one or more licenses from both national and local authorities, as well as compliance with health, safety, and zoning regulations.
Depending on the business type and complexity, formation can take from a few days to several weeks, with more time needed for businesses requiring special licenses or premises.
Yes, a Greek business bank account is usually required for tax, capital deposit, and transactional purposes.
Annual tax filings, accounting records, and employer obligations (if hiring staff) are mandatory, alongside any sector-specific reporting or permits.
This depends on the business type and local zoning laws. Some home-based businesses are permitted, but you should check with local municipal authorities.
Business owners are subject to Greek income tax, VAT (for most businesses), and possibly local fees or levies. Tax rates and obligations vary depending on business structure.
While not always mandatory for all types of businesses, many procedures (especially for companies like an EPE or AE) require notarial deeds, legal certified documents, or professional legal advice.
To further assist those forming a business in Corfu, here are some helpful local and national resources:
Consulting the above organizations or their local offices in Corfu can clarify many practical and legal requirements.
If you are considering starting a business in Corfu, Greece, begin by outlining your business plan and identifying the appropriate legal structure. Gather all necessary personal and professional documentation. Consult with a local lawyer experienced in business formation for a tailored assessment of your situation. Your lawyer can assist with company registration, permits, contracts, and legal compliance, helping you avoid common pitfalls. Contact the local Chamber of Commerce or a specialist in Greek business law to schedule an initial consultation. Proactive legal guidance at the outset will safeguard your interests and lay a solid foundation for your new business in Corfu.
