Greek companies: comparison of IKE and SA

Greek Corporate law provides various legal forms of companies.

Below you may find a general comparison of the Private Company (IKE) and Society Anonyme (A.E.), which are considered the most common types of Greek companies being established over the last years.

Private Company (IKE)Societe Anonyme (AE)
Minimum share capital0 euro25 000 euros
Capital contributionsyesyes
Non- capital contributionsyesno
Guarantee contributionsyesno
Possibility to issue share certificatesnoyes
Minimum number of shareholders/ partners11
Shareholders’ liabilityLimitedLimited
Higher corporate bodyGeneral Meeting of PartnersGeneral Meeting of Shareholders
ManagementManager/sBoard of Directors
Minimum number of managers/ directors13 (1 under certain conditions)
Possibility to enter the stock exchangenoyes
Income tax rate (2023)22%22%
Dividends tax rate (2023)5%5%
Distribution of profitsThe partners decide for the distribution of profitsThe shareholders decide for the distribution of profits
Insurance due to participation (shareholder/partner)No, except for single member partner who is also a directorNo, except if over 3% shareholder and also director
Insurance for managementyesYes, if they receive remuneration
Capital concentration tax (at incorporation)n/an/a
Capital concentration tax (at increase of share capital)0,5%0,5%
Publication of financial statements yesyes
Annual GEMI (companies’ registry) fees (2023)100 euros320 euros

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