Europe EU
EU low capital founders using IKE, Greece
The IKE (Idiotiki Kefalaiouchiki Etaireia / Private Company) requires only EUR 1 minimum capital, can be incorporated through the One Stop Shop in a few days, and combines limited liability with flexible governance. It is the default vehicle for Greek tech startups and bootstrapped operators, with the AE (Anonimi Etaireia) reserved for larger joint stock structures (EUR 25,000 minimum).
IKE EUR 1 capitalOne Stop Shop22% CIT
Start setup {placement} 4 min · no card required
Corp tax
22%
Fastest setup
2-3 weeks
Tax treaties
57
Region
Europe
What you'll need
- No resident director required
- Local registered office required
- Economic-substance test applies
- Minimum capital: EUR 1
- Administrative language: Greek
- Legal system: Civil law
Tax and treaty profile
- Corporate tax 22%
- Tax treaties 57
- VAT rate 24%
- Withholding on dividends 5%
Key treaty partners
GermanyCyprusUKUSAItalyFrance
Banking and payments
- Banking takes 2 to 4 weeks with KYC
- Stripe supported
- Wise supported
- EMI license framework available
Considerations
If you want sub 1 week setup
Greek One Stop Shop (Υπηρεσία Μιας Στάσης) IKE formation takes 3 to 7 business days; AE formation runs 14 to 21 days due to higher capital and notarial requirements. For faster EU setups:
3 to 7 day IKE timelineGreek language filingsNotarial requirements