Readers ask: How Much To Open A Restraunt In Greece?

How much does it cost to open a company in Greece?

Incorporation costs in Year 1 amount to €5,400 and annual company costs in Year 2 and thereafter amount to €1,900. The average total fee per Greece engagement amounts to €11,600, which includes company incorporation and opening a local corporate bank account and all government fees.

Can non EU residents buy open a business in Greece?

Greek citizens need to have their identity card and Tax Identification Number to start a business. For non -European citizens, a valid passport, residence permit, and a tax representative in Greece must obtain a Tax A Identification Number.

Can a foreigner open a company in Greece?

Non EU citizens In that case they should have a valid passport and a residence permit if they wish to be company’s managers, otherwise, only the passport is enough. Also, where applicable, and if they undertake commercial activities from their country, they should appoint their tax representative in Greece.

How much are restaurants in Greece?

Cost of Living in Greece

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Restaurants Edit
Meal, Inexpensive Restaurant 10.00€
Meal for 2 People, Mid-range Restaurant, Three-course 35.00€
McMeal at McDonalds (or Equivalent Combo Meal) 6.00€
Domestic Beer (1 pint draught) 4.00€


How easy is it to start a business in Greece?

Greece is the most difficult country in the world to set up a business due to bureaucracy, frequent changes in legislation, differences in VAT depending on the region and unpredictable treatment of businesses by state and local authorities. The easiest state to start and run a business is in the Cayman Islands.

What you need to start a business in Greece?

8 Steps to start your company in Greece in 2019

  • Step 1- Legal Registration.
  • Step 2- Select the Legal Form of the business.
  • Step 3- Business Plan and Evaluation.
  • Step 4- Registering a Company.
  • Step 5- Obtaining a Tax Identification Number.
  • Step 6- Special Procedures.
  • Step 7- Make a Company Seal.
  • Step 8- Books and Accounting.

How long does it take to open a business in Greece?

When asked by the World Bank, Greece reported that it only took 15 steps and 15 days to start a business. In reality, however, there are up to 18 steps and each has other steps that could extend the processing time to months or years, unless connections and bribes are used to speed the process.

Who can own a business in Greece?

The Greece AE requires at least 1 shareholder and 3 directors who can either be individuals or legal entities to be incorporated. The directors and shareholder can be of any nationality and need not to be resident in Greece.

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What business can I do in Greece?

More Small Business Investment Opportunities in Greece

  • Pharmaceutical Company. The pharmaceutical industry is one of the most thriving industries in Greece.
  • Tourists Guide.
  • Cold Room Business.
  • Cruise Boat / Ship Company.
  • Laundry and Dry Cleaning Agency.
  • Fitness Club.
  • Marble Factory.
  • Online Gift Shop.

What is Ike company in Greece?

Law 4072 of 2012 (the “Law”) introduced in Greece a new type of company, the Private Company (“PC”) (“Idiotiki Kefalaiouchiki Etaireia” or “ IKE ” in Greek) in order to meet the growing need for a modern and flexible middle- sized company.

Is food expensive in Greece?

While meal prices in Greece can vary, the average cost of food in Greece is €28 per day. Based on the spending habits of previous travelers, when dining out an average meal in Greece should cost around €11 per person. Breakfast prices are usually a little cheaper than lunch or dinner.

How much money should I bring to Greece?

Despite problems in the Greek economy, it’s still on the expensive side to travel to Greece. Budget travelers should plan on $50 a day, while mid-range to luxury travelers can expect to pay between $150 to $350 a day, or higher if you plan to visit more than one of its 200 islands.

Is living in Greece expensive?

Greece offers everything you could want from a retirement in Europe. There’s great food, culture, history and sunny weather. Most importantly, it’s affordable. You could live happily on a budget of $1,800 or less per month.

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