An­other bill to fa­cil­i­tate start­ing a business

Kathimerini English - - Focus - DIMITRA MANIFAVA

The draft law tabled yes­ter­day by the Econ­omy and Devel­op­ment Min­istry prom­ises to cut the time and cost of start­ing a business in Greece, al­though this has been the aim of var­i­ous such laws with­out red tape be­ing cut to a suf­fi­cient ex­tent.

The new bill also pro­vides for set­ting up a com­pany re­motely, in some cases with­out the pres­ence of a no­tary, and abol­ishes the need for the en­trepreneur to visit the tax of­fice and so­cial se­cu­rity funds.

The draft law fur­ther con­tains reg­u­la­tion changes in a se­ries of prod­uct mar­kets in ac­cor­dance with a tool­kit pro­vided by the Or­ga­ni­za­tion for Eco­nomic Co­op­er­a­tion and Devel­op­ment (OECD). These changes con­sti­tute a mile­stone in the com­ple­tion of the sec­ond bailout re­view and are ex­pected to be voted into law on Tues­day.

Among the main mea­sures of the bill is the pro­vi­sion that set­ting up an en­ter­prise will ex­clu­sively take place at a One-Stop Agency (chambers of com­merce and no­taries pro­vide this ser­vice). Some com­pa­nies (SA or Ltd) can be set up with­out a no­tary docu- ment as long as the doc­u­ment pro­vid­ing in­for­ma­tion about the en­ter­prise strictly ad­heres to the model doc­u­ment.

An elec­tronic One-Stop Agency (e-YMS) is to be set up and is ex­pected to be­come fully op­er­a­tional at the end of the first half of 2017. Its pi­lot op­er­a­tion will be­gin around end-March.

Upon their setup at the On­eStop Agency, en­ter­prises will au­to­mat­i­cally re­ceive a tax reg­is­tra­tion num­ber and will be reg­is­tered with their rel­e­vant so­cial se­cu­rity en­tity.

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