Greece Payroll Services

At Bradford Jacobs, we navigate the administration of the Greek payroll system for you. We do the work, so you do not have to.

Greek Payroll

You may encounter some challenges regarding payroll during your expansion into Greece but allow us to take the reins and see to them for you, and answer any of your questions and concerns with our trusty guide on payroll for Greece.

Academy of Athens, Attica, Greece
Academy of Athens, Attica, Greece

Dedicated to Offering You 24/7 Support

How We Can Help You

At Bradford Jacobs, our Employer of Record (EOR) platforms provide full-proof solutions for companies wishing to establish their presence in the Greek economy, where compliance with local laws and regulations is essential for a smooth and hassle-free transition. We offer dedicated Greece Payroll solutions that can be tailored to your requirements.

We make global expansion easy. We navigate the administration of the Greek payroll system for you:  as part of our service, we can include the returns and associated payments for wage tax and social security contributions directly from our payroll system to the local tax authority. We do the work, so you do not have to.

Greece has a variety of payroll options to work with, depending on your business’ needs:

  • Remote payroll – Operating a single payroll system for all your employees, which is done by adding your employees in Greece to your parent company’s payroll – however, these employees will have to operate under different regulations.
  • Internal payroll – You may also operate payroll out of your subsidiary, especially if you are committed to growing your company’s presence in Greece. However, this requires a dedicated HR staff that understands the local employment and compliance laws.
  • Greece payroll processing company – This is a popular method for many companies in Greece – working with a Greece payroll processing company will help in outsourcing your payroll – but they will not be able to help when it comes to compliance.
  • Greece payroll outsourcing – Another option that solves both needs is working with a company like Bradford Jacobs. We will handle both your payroll and compliance for all your employees in Greece. We take the stress of administration off your shoulders so you can focus on what you do best.

Payroll regulations change frequently and failure to comply with them risks sanctions and financial penalties. A crucial part of our payroll service includes staying up to date with these demands – which also features administering returns and associated payments for wage tax, social security contributions from our payroll system to the tax authority. Our role includes:

  • Registering with the Greek Tax Office for a Greek Tax Identification Number (AFM).
  • Registering with the Unified Social Security Fund (E.F.K.A).
  • Registering with the National Social Security Office (NSSO) for a Social Security Number (AMKA).
  • Registering with the General Commercial Registry (GE.MI).
  • Creating employment contracts for your new employees.
  • Applying for employees’ special expatriation status (if applicable).
  • Calculating employees’ monthly salary and sending them their pay slips.
  • Researching for any available tax incentives.
  • Submitting employees’ and/or employer’s wage tax returns and national insurance forms.
  • Corresponding with the applicable national authorities regarding payroll changes and payments.
  • Creating and submitting your company’s annual accounts, administration, and year-end statements.
  • Creating payment schedules for wage tax, national insurances, and net wages.
  • Ensuring proficient personal income tax returns for you and your employees.

Outsourcing payroll is a popular practice for most Greek employers, and it’s easy to see why. Outsourcing your company’s payroll saves money and time, and guarantees paid employees, filed tax returns, and fulfilled social security obligations in full and on time. Bradford Jacobs provides the complete service to remove the anxiety and stress from your administration.

What is required to set up Greece payroll may depend on how you will be establishing your presence in the country. If you would like to set up as a subsidiary, you will need to have your subsidiary established first – but this can take some time, depending on where you incorporate and the type of entity you choose. To start processing payroll in Greece, you will need:

  • a tax identification number (known as an AFM number).
  • a social security number (known as an AMKA number).
  • a local bank account.

Registering with the local tax and social contributions authorities will take approximately 5 working days.

It should be noted that it is not necessary to require a license before making any tax or social security fillings on behalf of a client. To do this, a proxy will be required – however, the client can provide authorisation for this.

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