Key Facts You Should Understand About Bank Account Opening Services Within Greece
Why you need to open a bank account in Greece
There are many benefits that are associated with opening your offshore account in Greece. The country is renowned for its storied history, pleasant climate, world-class cuisine and stunning scenery. Greece also enjoys the benefits associated with membership in the European Union. It is a highly desirable jurisdiction for investors and entrepreneurs who want to open a company within its borders.
Bank account opening in Greece is one of the most important processes that you must complete if you want to form an offshore company in the jurisdiction. The good news is the fact that the Greek banking system is available to both residents and non-residents. This makes it easy to open an account with a Greek bank without any requirement to reside in the country.
What we do
Though the process of setting up bank accounts in a foreign jurisdiction can be intimidating, there is good news. Our team at FormationWise offers a range of professional services that facilitate bank account opening in Greece. Our global network of partners has years of experience working within this exciting market. We can provide you with the important assistance you need to set up an account in a Greek bank so you can start enjoying its many benefits. The benefits associated with bank account opening in Greece include:
These benefits help to demonstrate why it might be a good move for you to open your new bank account in Greece. Beyond this, it is necessary to have an account with a Greek bank if you have a goal of company formation within the jurisdiction. Continue reading on to learn more about how our team at FormationWise can help you out with everything regarding the process you must go through when it comes to bank account opening in Greece. We would now like to let you know more about our professional services.
Send us an inquiry today!
Place your order
Select the offshore accounting package for your desired jurisdiction
Simply choose the offshore accounting and auditing package for your desired jurisdiction by filling out our form, by call or by placing an order on our website
After finalizing the right package, make the payment for your chosen services and send us your financial details
Send your documents
Forward us all the necessary financial documents through an email with the documents attached or by phone
Start the process
Once we receive the payment and the required documents, our team will start working on the accounting or auditing service that you have ordered in your chosen jurisdiction
Get it done
Depending on whether it’s a one-time task or an ongoing financial project, our offshore accounting partners will get the job done in your new jurisdiction
Our services include:
The services that FormationWise provides to facilitate bank account opening in Greece include:
Why choose FormationWise?
Choosing FormationWise to help you with bank account opening in Greece is a great choice for many reasons. Our team offers an extensive range of taxation, auditing and accounting services for offshore bank accounts. These services are delivered through our global network of qualified partners. Our listing of services includes help with the opening of offshore bank accounts in Greece. A couple of key reasons to choose our team for your bank account opening needs in Greece include:
We provide a comprehensive range of bank account opening services
Our professional services range from financial reports and tax planning to payroll services and bookkeeping for offshore accounts, among others. You can be sure that our team will provide you with a service offering that is designed to help you effectively run your financial operations in Greece.
Our team is made up of qualified partners with many years of experience
Our financial experts have been working in jurisdictions like Greece for many years and know the ins and outs of providing assistance for offshore bank account opening to new companies and established ones of all sizes. This is accomplished through services like compliance, accounting, audits and bookkeeping, among others.
Our services include a free informational consultation
One of the key benefits of choosing FormationWise is the fact that we offer a free informational consultation at the beginning of the process. During this consultation, we will analyze and evaluate the best services for your individual circumstances.
Full confidentiality is a top priority of ours
We understand how important confidentiality is to you and your business endeavours. With this in mind, you can rely on our dedicated team of experts at FormationWise to assist you with your bank account opening needs while enjoying full confidentiality. You can enjoy peace of mind knowing that all of your vital records, data and personal information is fully secure when you choose our services.
Our services are cost-effective and we offer transparent pricing
Yet another reason to choose FormationWise for all your needs when it comes to arranging a Greek bank account is the fact that we provide our services at a cost-effective price point that is fully transparent. Our team works tirelessly to offer the best in offshore banking services and we deliver them with a pricing structure that is competitive within this vital market. You can also rest easy knowing that pricing transparency is important to us. You never have to worry about incurring hidden fees and costs when you choose FormationWise for offshore banking, accounting and auditing.
Greek banking system
Greece has a fully modern and comprehensive banking system that is designed to meet the needs of citizens, residents, non-residents, investors and entrepreneurs. The Greek banking system is administered and regulated by the National Bank of Greece. The largest banks in the country other than the National Bank of Greece include Eurobank, Piraeus Bank and Alpha Bank. International banks like Citibank and HSBC also operate within the jurisdiction.
Key documents required
The list of required documents that you must provide as a non-resident if you wish to open up an account in the Greek jurisdiction includes:
You can rely on the FormationWise team’s experienced experts to ensure your documents are completely in order prior to the submission of your application for a Greek bank account. This is among the most important factors when it comes to receiving approval as quickly as possible.
Greek banks suitable for foreigners
The four major Greek banks are the National Bank of Greece, Alpha Bank, Piraeus Bank and Eurobank. These banks offer services that are a great fit for non-resident and foreign account holders. When you select FormationWise to facilitate the offshore bank account needs that you have, you can trust that we will provide you with key recommendations on which banks will best fit your personal and professional requirements. Our goal is to help you select a Greek bank that will offer you all of the services that you need so you can grow your company and achieve the success you are working toward.
Banking fees and charges
Banking fees and charges in Greece are generally related to categories that include deposits, loans and cards. They also include fees and charges that are associated with other banking transactions. These charges are further dictated by the type of accounts that you have in Greece. When it comes to specifics on fees and charges related to Greek banking, it is important to check with the specific banks that you are considering.
This is another area where our FormationWise team comes in to assist you. We will make sure that you are aware of all charges and fees that will be associated with doing business at a specific Greek bank. This makes it much easier for you to select a Greek bank that will work best for you specific requirements that you have. You can always count on FormationWise to look out for your best interest when we assist you in setting up your Greek bank account.
Timeframe of the process
The process for opening an offshore account in the Greek jurisdiction with assistance from FormationWise is one that can be completed in a relatively short amount of time. You can expect to get approval within one to two weeks. Our team ensure that all of your paperwork and documentation is in order before it is submitted so you can receive your approval as quickly as possible.
Though visiting the bank in person is usually required for opening an account in Greece, there are several options that you can avail of for conducting the process online. If you want to get a Greek bank account as a non-resident, you must obtain an Arithmo Forologiko Mitro (AFM). This functions as a tax ID number. You must have an AFM if you want to open an account in Greece whether you are doing so in person or remotely.
You do not have to have a Greek residence to open up an account for banking in Greece. There are no legal restrictions preventing non-residents from accessing financial institutions in the country. You must have a valid AFM which can be obtained through a Greek tax office. It can also be possible to start the process at an overseas branch of the Greek bank that you want to open an account with. You have the option of opening an account at either a national bank or an international one. Beyond this, non-residents must provide all of the required documentation to set up an account in the Greek jurisdiction.
Several types of bank accounts are available in Greece to non-residents. These include personal and business/corporate accounts. Beyond this, there are current, foreign currency, savings, investment and external account options that are available to those wishing to avail of the banking system in Greece. It is important to discuss your options with the bank you are considering for an account. With each of these account options, it is necessary to have your Arithmo Forologiko Mitro number readily available.
There are no restrictions that prevent foreigners from bank account opening in Greece. Foreigners and non-residents can avail of the advantages associated with opening a Greek bank account by submitting all required documentation and providing their Arithmo Forologiko Mitro number. Working with our specialists at FormationWise is the proven option for ensuring that you have everything in order before you submit your application to open your Greek bank account. Our global team of partners would be happy to provide you with an informational consultation where we talk in more detail about the process.
The Arithmo Forologiko Mitro or AFM is the name used for Greece’s tax identification number. All residents, foreigners and non-residents who wish to start an account in Greece must have a valid Arithmo Forologiko Mitro number regardless of the type of account that they wish to open. Contact our international financial professionals at FormationWise today to discover more information related to how you can obtain your Arithmo Forologiko Mitro number.
You may be required to show proof of income when you start up a bank account within the Greek jurisdiction. This is a commonly required piece of documentation needed to facilitate bank account opening in Greece. If you want to file a credit card application with a Greek bank, you may have to provide proof of income from an employer or a recent tax return.
Headquartered in the Greek capital of Athens, the National Bank of Greece was founded in 1841 and operates as a financial services and global banking company. It is the country’s first modern bank that was opened within its borders. The central bank is one of the most important contributors to the economic activities that are conducted within Greece each year. The National Bank of Greece is also a member of Europe’s Central Banking System (ESCB). Its registered shares have been listed on the Athens exchange since 1930.
You can get a Greek bank account online when you utilise an appointed representative. The best option to avail of if you wish to open your Greek bank account online is to speak with our team of global financial experts here at FormationWise. We offer a range of professional services for offshore account opening in Greece that is designed to get your account up and running. Our goal is to help you start to take full advantage of the perks that go along with holding a Greek bank account.
Yes, a corporate bank account is required to incorporate a company in Greece. Residents and non-residents who are above 18 years of age can open up a Greek bank account for personal or corporate purposes. Our financial professionals at FormationWise can assist you with opening a corporate bank account in Greece. We can also assist you with all of your company formation needs and offer a comprehensive range of services designed to assist you through the entire process.