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<h1><a href="/data/exploreeconomies/greece"><img src="/~/media/GIAWB/Flags/G

RC.gif" alt="Greece" width="76" height="51" /></a><p>Ease of Doing Business in</p>

Greece</h1>

<!-- Topic Info Begin --><div class="category-title clearfix">

<h2> Starting a Business</h2>

</div>

<div>

<table cellspacing="0" class="rankings-inline"><tr>

<th class="th-first">DB 2014&nbsp;Rank</th><td>36 </td><th>DB 2013&nbsp;Rank***</th><td>147</td><th>Change in Rank</th><td class="td-last rank-up">

<img src="/App_Themes/css/DB/images/icons/rank-up-7x7.png" alt="up" width="7" height="7" />111 </td>

</tr></table>

</div> <!--SOCB ON 10-JAN-2013 BY MOHAN FOR DTF Changes db-dtf-inline--> <div>

<table cellspacing="0" class="rankings-inline db-dtf-inline"> <tr>

<th class="th-first">DB 2014&nbsp;DTF** (% points)</th>

<td>89.36 </td> <th>DB 2013&nbsp;DTF** (% points)</th> <td>75.96</td> <th>Improvement in DTF** (% points)</th> <td class="td-last rank-up">

<img src="/App_Themes/css/DB/images/icons/rank-up-7x7.png" alt="up" width="7" height="7" />13.40 </td>

</tr> </table>

</div>

<!--EOCB ON 10-JAN-2013 BY MOHAN FOR DTF Changes-->

<p>Information on new business density and number of newly created firms with limited liability can be found at <a href="/data/exploretopics/entrepreneurship">Entrepreneurship Database</a>.</p>

<div class="table-wrap nohover"> <table cellspacing="0">

<thead> <tr>

<th class="caption">Indicator</th>

<th class="center">Greece</th>

<th class="center">OECD</th> </tr>

</thead> <tbody>

<tr> <th class="moreinfo">

<div> Procedures (number) </div> </th>

<td class="right">5</td> <td class="right">5</td>

</tr> </tbody> <tbody>

<tr> <th class="moreinfo">

<div> Time (days) </div> </th>

<td class="right">14.0</td> <td class="right">11.1</td>

</tr> </tbody> <tbody>

<tr> <th class="moreinfo">

<div> Cost (% of income per capita) </div> </th>

<td class="right">4.6</td> <td class="right">3.6</td>

</tr>

</tbody> <tbody>

<tr> <th class="moreinfo">

<div> Paid-in Min. Capital (% of income per capita) </div> </th>

<td class="right">0.0</td> <td class="right">10.4</td>

</tr> </tbody> </table>

</div>

<!-- TimeMotion Info Begin --> <div class="table-wrap procedures"> <table cellspacing="0">

<thead> <tr>

<th class="caption">No.</th> <th class="caption">Procedure</t

h> <th>Time to Complete</th> <th>Associated Costs</th>

</tr> </thead>

<tbody>

<tr> <th class="center" style="width:20px

"> 1</th>

<th> Obtain Tax Clearance form A7 from Tax Authority </th>

<td> 1 day </td>

<td class="zebra">

no charge

</td>

</tr> </tbody> <tbody>

<tr> <th class="center" style="width:20px

"> 2</th>

<th> Submit with GEMI the application of establishment and its forms </th>

<td> 10 days </td>

<td class="zebra">

EUR 195.80

</td>

</tr> </tbody> <tbody>

<tr> <th class="center" style="width:20px

"> 3</th>

<th> Make a seal </th>

<td> 1 day </td>

<td class="zebra">

EUR 40

</td>

</tr> </tbody> <tbody>

<tr> <th class="center" style="width:20px

">* 4</th>

<th> Register the employees with IKA (Social Security Organization) </th>

<td> 1 day, simultaneous with previous procedure </td>

<td class="zebra">

no charge

</td>

</tr> </tbody> <tbody>

<tr> <th class="center" style="width:20px

">* 5</th>

<th> Register with OAEE (Insurance Organization for the Self-Employed) </th>

<td> 1 day, simultaneous with previous procedure </td>

<td class="zebra">

EUR 555 (EUR 111 per company founder)

</td>

</tr> </tbody> </table>

</div><!-- TimeMotion Info End --> * Takes place simultaneously with another procedure.

<div class="footnotes"> <p>** The distance to frontier (DTF) measure shows the distance of each economy to the "frontier," which represents the highest performance observed on each of the topics including Getting Electricity across all economies included in Doing Business. An economy�s distance to frontier is indicated on a scale from 0 to 100, where 0 represents the lowest performance and 100 the frontier. <a href="http://www.doingbusiness.org/data/distance-to-frontier">Read more...</a></p><p>***Last year's rankings are adjusted: they are based on 10 topics and reflect data corrections. </p>

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