Setting up an ΙΚΕ (Ιδιωτική Κεφαλαιουχική Εταιρεία, a private limited company) through the electronic One-Stop Shop (e-ΥΜΣ) costs just 18 € in public fees, plus 10 € if a name check is needed. Through a chamber or a notary the fees reach 80 €, plus their fee. The real cost, though, is the annual one: ΓΕΜΗ (business registry), accountant and contributions.
01Detailed price table
| Job / item | From | To |
|---|---|---|
| ΙΚΕ via e-ΥΜΣ (60 € fee receipt with a 70% discount)Public fee | 18 € | 18 € |
| Name check/reservationIf required | 10 € | 10 € |
| ΙΚΕ via a chamber’s or notary’s One-Stop Shop60 € + 10 € ΓΕΜΗ + 10 € name, + notary’s fee | 80 € | 80 € |
| Partnership (ΟΕ/ΕΕ) via e-ΥΜΣ30% of 50 € | 15 € | 15 € |
| Starting a sole proprietorship at the ΑΑΔΕ (tax authority)No public fee | 0 € | 0 € |
| Annual ΓΕΜΗ fee (ΙΚΕ)Proportionally in the 1st year | 100 € | 100 € |
| Annual chamber subscriptionExample of ΕΒΕΘ (Thessaloniki Chamber of Commerce) for an ΙΚΕ, optional according to aptax.gr | 40 € | 40 € |
Public fees for setting up an ΙΚΕ. Excluding accountant, lawyer or notary fees.
02What affects the price
Way of setting up
high
e-ΥΜΣ is the cheapest option. A notary is needed only in special cases (e.g. contribution of property).
Accountant
high
An ΙΚΕ keeps double-entry books. The fee depends on the volume of documents. We do not price it, because we did not find a reliable published range.
Articles of association
medium
The model articles are free. A tailor-made version needs a lawyer.
Business tax (τέλος επιτηδεύματος)
medium
According to aptax.gr, for an ΙΚΕ while it applies: 800 € for a seat in areas of up to 200,000 inhabitants, 1,000 € in larger cities.
Social security contributions
high
The manager/sole partner is insured with the ΕΦΚΑ (national social security fund). It is the biggest fixed cost.
03Regional differences
The public fees are the same across the country. Chamber subscriptions differ from chamber to chamber. The business tax, where it applies, depends on the population of the seat.
04Tips before you pay
- Do the setup on e-ΥΜΣ (eyms.businessportal.gr) with TaxisNet credentials. The cost is 18 €.
- First check the availability of the name in the ΓΕΜΗ.
- Work out the annual cost (accountant, ΕΦΚΑ, ΓΕΜΗ) before deciding between an ΙΚΕ and a sole proprietorship.
- Declare the beneficial owners within 60 days of setup.
- For a sole proprietorship the start is done directly on myAADE with no fee. See the steps on grafeiokratia.gr.
The step-by-step procedure (documents, where it is done) is on grafeiokratia.gr (in Greek).
See the procedure05Frequently asked questions
How much does it cost to set up an ΙΚΕ in 2026?
18 € public fee via e-ΥΜΣ, plus 10 € if a name check is needed. Through a chamber or notary 80 € in fees, plus their fee.
How much does it cost to start a sole proprietorship?
There is no public fee for starting at the ΑΑΔΕ. The costs are ΕΦΚΑ contributions and the accountant.
Is a minimum capital needed for an ΙΚΕ?
No. Each share has a nominal value of at least 1 €.
What are the annual expenses of an ΙΚΕ?
ΓΕΜΗ fee 100 €, accountant, the manager’s contributions and, where applicable, business tax and a chamber subscription.
Do I need a notary for an ΙΚΕ?
Usually not. Only when the law requires it, e.g. for a contribution of property.
How quickly is an ΙΚΕ set up?
Through e-ΥΜΣ, with model articles, usually the same day after payment.
06Sources
Prices are indicative, do not constitute an offer and may vary by area and professional. Last checked: October 2026.
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