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How to establish a business in Greece or in Bulgaria

Introduction:

  • Business can be conducted through a variety of legal entities in Greece and Bulgaria.  In order to operate in Greece and Bulgaria, foreign entities can establish a Greek & Bulgarian company or a foreign branch.

  • Alternatively, they can form a joint venture with another enterprise or establish a
    branch office in Greece & Bulgaria to provide services to their mother company or
    any other related company that needs a representative office in Greece & Bulgaria.
    Additionally, individuals can become freelancers.

  • Companies incorporated in Bulgaria may either be personal or small capital-based,
    according to Bulgarian company law.

  • Greek company law provides for both personal and capital-based companies to be
    incorporated in Greece. There are five main types of business available to foreign
    companies in Greece, namely:

Ocean

Partnerships:

General (“OE”),

Limited (“EE”)

Single Entrepanuers (SE)

Blue Skies

Limited liability company (“EPE”);

Blue Skies

Limited liability company (“EPE”);

Sky

“Societe Anonyme” company (“AE”);

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