This Hellenic republic is in Southeast Europe bordering Albania, Bulgaria, and Turkey to the north, the Aegean Sea to the east, the Ionian Sea to the west, and the Mediterranean Sea to the south. The capital city, Athens is the major business hub and the largest in the country. Quiet sites, captivating architecture, etc. The tourism industry helps build its national economy. Businesses in the tourism sector are major contributors to the economy which keeps growing progressively. Several companies are carrying out business activities within the republic. A legal business must be registered with the Trade Register before it can commence business. In the event of the need to sell out a business, a business owner can reach out to buyers online or in person. Selling a company in the country is easy with the right broker. The best way to sell a business is always online via a vendor who can advertise the business to potential buyers from around the world.
If you are a company owner thinking of selling out or you are interested in selling your company within this territory, you are in luck, as this article provides information on selling a company here.
Doing business in Greece
It offers companies a relatively stable and attractive environment accepting every type of business practice. Foreign entrepreneurs can take advantage of the current bloom to set up new businesses in the country. Given its location and economic stability, whether it is operating an entity or starting a new company, it is the right place for entrepreneurs. With the official language being English, there is no language barrier when it comes to trading. The abundant labor market, up-to-date infrastructure, improved IT and excellent telecommunication facilities make this republic one of the easiest places to do business.
Types of legal structures
A company requires incorporation before it can engage in any business activity. Limited liability companies, public limited companies, private capital companies, partnerships, branches, and representative offices are easily set up here by a speedy incorporation process. The types of structures allowed to exist are:
Partnership
This is a company set up by more than one person called partners. They each contribute to the share capital required to set up the business and share the liability in the event of losses.
Company
Examples of a company are limited liability companies, private capital companies, public limited, and stock companies. These companies are liable to corporate tax and other taxes. The minimum share capital required to set up a company must be met before incorporation. The liability depends on the type of company and the shareholders involved.
Subsidiaries
These are not registered as legal entities but as branches or representative offices of a parent company. While branch offices can carry out business activities, representative offices can only represent their parent companies.
Selling a Company
The process of selling an entity includes costs, preparations, legal aspects, types of buyers, etc. When selling a company, it is advisable to hire an adviser who has in-depth knowledge about the selling process. To fasten the process, it is best to know the kind of buyers you want, to save time and money. Preparing the legal documents required is important to the business sale. The main documents when selling a business are NDA, LOI, and SPA. The process of selling a company takes time and good preparation will prevent wasting time and money. The costs of a business sale depend on the timeline. A part of the costs of the process is the payment for an adviser or agent hired.
