Business
The 2018 company law reform, the IKE vehicle and GEMI registration
Company law was modernised by Act 4548/2018 for public companies and Act 4072/2012 for the flexible private company (IKE). All companies register in the General Commercial Registry, GEMI, and one-stop-shop formation is available.
Key rules
- A société anonyme (AE) requires minimum capital of EUR 25,000.
- The IKE can be formed with capital as low as EUR 1 and allows non-cash and guarantee contributions.
- Registration and publicity are effected through GEMI rather than a newspaper gazette.
Governing law
- Act 4548/2018 on sociétés anonymes
- Act 4072/2012 (private company, IKE)
In practice
The IKE is now the default choice for start-ups because of its minimal capital and simplified governance.