General Partnership Company Establishment Procedure : startupgreece.gov.gr

Organization : Startup Greece
Facility : General Partnership O.E.Company Establishment Procedure
Country : Greece

Website : https://elevategreece.gov.gr/

General Partnership Company Establishment Procedure :

How Many Parties Need To Concur In Order To Establish A General Partnership Company?
In order to establish a general partnership company, at least two parties will have to concur who are by law jointly responsible for pursuing common purposes (article 741, Greek Civil Code).

Related : E.E Company Establishment Procedure Limited Partnership Greece : www.statusin.org/26802.html

The founding members of a general partnership company may be natural or legal persons. The natural persons have to be over eighteen years of age (according to article 127 of Greek Civil Code, as it was modified by article 3 of Greek Law 1329/83).

Participation of a minor in the establishment of a general partnership company is allowed only after magisterial permission.

Basic Characteristics Of A Company :
** The partners of a general partnership company are jointly responsible for all the company’s obligations with their personal assets.
** The dissolution of the company does not terminate the partners’ liability for any existing company debts.

** The establishment of a general partnership company does not require a notarial deed; on the contrary, a private agreement is sufficient.

What Is General Partner? And What Is Limited Partner?
A general partner, in both a general partnership company and a limited partnership company (where there is at least one general partner and many limited partners), is the partner with unlimited liability (responsible for all the company’s debts, not limited to a fixed amount of the company’s debts) for all the company’s obligations with his/her personal assets.

What Is The Minimum Capital Required For Establishing A Company?
There is no minimum capital required by law for establishing a general partnership company, because the company assets are not distinguished from the partners’ assets, given that the partners are liable for the company’s obligations with all their personal assets.

What Is The Liability Of Partners / Shareholders?
Each general partner is liable for the company’s debts and obligations with their own personal assets.
Where Should I Refer To Register A Company?
One Stop Shop

What Is A One Stop Shop?
One Stop Shops are the Services of G.C.R. that operate at Chambers and certified Citizen Service Centers (KEP).

In special cases that require notarised Articles of Association, the One Stop Shop operates as the certified notary public and draws up the notarial deed.

Where Can I Find A One Stop Shop?
At the website of the General Commercial Register (G.C.R.) you may find the list of bodies that operate as One Stop Shops by company type, as well as their address, contact details.

What Do I Need To Pay To Establish A Company? (Company Establishment Note)
The Company Establishment Note (50 Euros). If the founders are more than 3 persons, the cost is increased by 5 Euros for each additional founder. The Company Establishment Note shall not be refunded.

Additionally, you will need to pay :
** G.C.R. registration fee (10 Euros).
** Chamber registration fee, depending on the respective Chamber.

** Contribution to the Lawyers Fund (0,5% of the company capital)
** Duty paid to the Lawyers Welfare Fund in Athens.

For the establishment of general partnership companies and limited partnership companies with capital more than 586.94€, the duty amounts to 1% of the capital stated in the Articles of Association.

Additionally, a stamp of 3.6% on the abovementioned 1% is paid. If the capital is less than 586.94€, the duty amounts to only 5.80€.

How Can I Estimate The Cost Of Establishing My Company?
The website of the G.C.R. provides a free software that may be used to calculate the exact cost of establishing a company, according to Greek Law 3853/2010, based on the type of company and capital (under construction)