Guide for Entrepreneurs: Everything You Need to Know to Start Your Own Company

Guide for Entrepreneurs: Everything You Need to Know to Start Your Own Company

Setting up a company in Patras is an important step for any entrepreneur who wants to develop their business in a dynamic and competitive market. However, this process can seem complicated and challenging. In this guide, we will answer the most important questions regarding setting up a company in Patras, providing clear and practical information to help you get started with confidence.

Which Legal Form Should I Choose?

Choosing the right legal form is crucial to the success of your business. In Greece, there are various legal forms you can choose from, each with its own advantages and disadvantages.

Limited Liability Company (LLC)

  • Advantages: Limited member liability, flexibility in management.
  • Disadvantages: Minimum capital required, more complex establishment process.

Société Anonyme (S.A.)

  • Advantages: Ability to raise large capital, increased reliability.
  • Disadvantages: Higher establishment costs, stricter management requirements.

Private Capital Company (P.K.E.)

  • Advantages: Flexibility in structure, lower establishment costs.
  • Disadvantages: Limited possibilities for raising capital.

Choosing the right legal form depends on your goals, business plan, and business needs. Consult a professional accountant to make the best choice.

What Costs Does the Foundation Include?

Establishing a company in Patras involves various costs that must be taken into account. Below is a detailed list of the main expenses:

Legal Expenses

  • Company Agreement: Cost of writing and signing the company contract.
  • Legal Fees: Fees for legal procedures and advisory support.

Tax Expenses

  • Registration in TAXYDROMIKO: Cost of registration and obtaining a VAT number.
  • Establishment Taxes: Special taxes imposed upon the establishment of the company.

Administrative Expenses

  • Registration with the Chamber: Registration and subscription costs.
  • Operating Licenses: Expenses for obtaining the necessary permits.

Other Expenses

  • Minimum Capital: The minimum capital required to establish the company, depending on the legal form.
  • Consultant Work: Fees for accountants and tax professionals.

By understanding these expenses, you can better plan your budget and avoid unexpected costs.

What Are the Steps for the Registration Process?

The process of establishing a company in Patras includes several steps that must be followed precisely:

1. Choosing a Company Name

Choose a unique and representative name for your company. The name must not be already registered and must meet legal criteria.

2. Drafting of Articles of Association

Draft the company's articles of association, which will define the purposes, structure and operating rules of your business.

3. Registration at TAXYDROMIKO

Register your company with TAXYDROMIKO to obtain a VAT number and register with the tax authority.

4. Registration with the Chamber of Commerce

Register your company with the Patras Chamber of Commerce to obtain your commercial address and ensure official company recognition.

5. Opening a Bank Account

Open a bank account in your company's name to manage financial transactions.

6. Obtain the Necessary Operating Permits

Depending on the nature of your business, you may need additional operating licenses from the relevant authorities.

How to Get Started with Our Accounting Office

Starting a company can be a complicated process, but with the help of our accounting office in Patras, we can make this process simple and efficient for you.

Our Services Include:

  • Consulting in the Establishment of Companies: We assist in choosing the appropriate legal form and preparing the necessary documents.
  • Tax Planning: We provide strategies to optimize your tax obligations.
  • Bookkeeping: We undertake the complete accounting management of your business, ensuring accuracy and compliance with legislation.
  • Support in Tax Audits: We provide support and guidance in the event of tax audits.

Why Choose Our Accounting Firm:

  • Specialized Experience: With many years of experience in accounting and tax support, we understand the needs of businesses in Patras.
  • Personal Approach: We provide customized solutions that meet your unique needs.
  • Security and Reliability: We ensure that your financial affairs are in safe hands.

Frequently Asked Questions (FAQ)

How long does the process of establishing a company take?

The process of establishing a company in Patras can take from a few weeks to a few months, depending on the complexity of the company and the effectiveness of the cooperation with the accounting firm.

Do I need to have a physical presence in Patras for the establishment?

No, physical presence is not necessary. With the help of our accounting office in Patras, you can complete the process remotely, ensuring that all documents and procedures are done correctly.

Can your accounting firm also take on the management of my tax obligations?

Yes, we offer comprehensive tax liability management services, ensuring that your business remains in full compliance with the law.

Conclusion

Starting a company in Patras can be an exciting and challenging process. With the right guidance and support, you can start your business with confidence and security. The our accounting office in Patras is here to help you every step of the way, providing specialized and reliable solutions that meet your needs.

Start Now

Contact us today to discuss how we can support your business growth and ensure your financial well-being. Let us become your trusted accounting partner in Patras!

Are you looking for a specialized accountant?

Don't let your tax or accounting obligations stress you out.

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