I.K.E PC Private Capital Company
The Establishment of IKE - Establishment of a PC is a relatively new corporate form, which has legal personality and is commercial, even if its purpose is not commercial. Only the company with its property is responsible for the corporate obligations. A private equity firm can be set up by one person or become a sole proprietorship.
The capital of the private capital company is determined by the partners without restriction, and can be up to 1 Euro. The partners participate in the company with capital, extra-capital or guarantee contributions.
What is IKE?
Law 4072/2012 (Government Gazette A '86) (Part Two - articles 43-120) established a new corporate form, the Private Capital Company (IKE). Here is some basic information about this new type of company as well as information about the process to be followed for its establishment. We recommend that you read the relevant files at the bottom of the page to be more fully informed about the possibilities provided by this company type as well as its peculiarities.
Why I should start an I.K.E type of company?
It is a new type of company, which is mainly aimed at small and medium enterprises, offers flexibility, simplified operation, low costs and is adapted to the new market conditions. business is not a legal entity. And when there is no existence or continuity of an existing legal entity, the cessation of operations of an existing activity takes place.
How do I get started?
The establishment of a company is carried out entirely electronically, through a special platform of GEMI (https://eyms.businessportal.gr) for the establishment of IKE - Establishment of PC. As it is not possible to post another articles of association, a standard articles of association must be registered, filled in the electronic form with the necessary information and after checking the available name for the company. The standard articles of association are signed electronically by the founders of the company.
What are the obligations and the costs?
Tax rate: has now been reduced from 29% to 24% regardless of the amount of profits.
The tax advance is paid in the first year and then every year the tax of the next fiscal year is refunded and paid in advance. Therefore after the first year, if the income remains stable, the charge is not perceived. The rate is 100%, which for the first three (3) years of operation is set at 50%. The manager's fee is taxed as employee income.
Dividend tax.
IKE has a profit distribution tax, with the tax rate reduced from 10% to 5%. However, the distribution of profits is not mandatory. The distribution rate of the money is decided by the partners.
The end of work in IKE
800 euros per year, for legal entities that conduct commercial business and have their headquarters in tourist places and in cities or villages with a population of up to 200,000 inhabitants. 1,000 euros per year, for legal entities that conduct commercial business and are based in cities with a population of over 200,000 inhabitants.