Employing in Greece

Greece's strategic location serves as a gateway to the European, Middle Eastern, and North African markets, offering a unique business environment. Navigating the local legal landscape and employment laws can be complex. TopSource Worldwide simplifies this process with its comprehensive Employer of Record services in Greece, ensuring full compliance with local regulations while you focus on business growth.

Contents

Our Expertise

Managing a global workforce in Greece

With a deep understanding of the Greek market, TopSource Worldwide provides seamless solutions tailored to support your business expansion, from legal compliance to payroll and HR management.

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Extensive expertise

Our team of experienced, knowledgeable staff collectively provide up-to-date employment information across 180 countries, so you can always get accurate advice.

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Entity-free employment

Feel free to hire employees from all over the world without being weighed down by setting up entities, running complex payroll or recruiting a hiring team.

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Payroll without hassle

Have the confidence that your staff will always be paid accurately and on time, so that you can focus on your core business activities and work towards your success. 

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Always-on support

Access helpful, relevant, personalised advice whenever you need it, along with expert-led recruitment policies and tried-and-tested HR best practices.

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Global Employee Cost Calculator

Estimate the cost of your new hire with our calculator. Simply enter their location and salary information in to this handy tool to see what will be spent in employment costs each month.

Employment Cost Calculator

Greece
British Pound
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Greece

British PoundEuro
Base Salary (per month)£2,339.50€2,733.00
Local employer's costs£0.00€0.00
Total Cost (Annual)£28,073.98€32,795.97
Hiring in Greece

Please note - the above costs are an estimate, and the actual amount may differ based on a number of variables.

As per Greek legislation, there are 14 salaries (12 regular salaries, 1 Christmas bonus, ½ Easter bonus, and ½ Vacation bonus) to be paid annually. These bonuses have been pro-rated into the gross monthly salary that has been quoted, however the quote can be amended to have them calculated on top of gross salary if desired.

Additional setup and management fees may apply.

TESTIMONIALS

Hear from our clients about our EOR solutions in Greece

"With TopSource we were able to have employees hired or maintained in Nutreco without having to establish an entity in these countries for only 1-2 employees. I think most countries are covered by TopSource, so they can help us with almost all cases. Good advice on conditions and direct contact with employees. Invoicing done directly to the company. An easy process compared to hiring employees by ourselves."

Annette van Duijnhoven
Nutreco

”We searched the market for a local payroll vendor in 2014 and we chose TopSource as our partner. We were looking for error-free and timely payroll processing and TopSource Worldwide delivers this, saving us time and money. We have worked together for 8 years now and would recommend them to anyone."

Praveen Lihinar
Sungard

”TopSource Worldwide has a detailed and methodical onboarding process that made it easy for us to get set up and running with our UK employees. They were able to take the worry out of trying to comply with all local laws and regulations. Because they have this knowledge we do not have to research on our own and hope we are in compliance. This has saved us hours of time and gives both the company and employees a sense of security."

Supervisor
Client based in Ft Worth, Texas, USA
GLOBAL EXPANSION STRATEGY

Personalised Employer of Record services in Greece

TopSource Worldwide offers personalised Employer of Record (EOR) services tailored to meet the specific needs of your business in Greece. This includes handling employee onboarding, payroll processing, tax compliance, employee benefits management, and HR support. Our EOR services ensure that your business meets all legal and regulatory requirements, providing a hassle-free solution to manage your Greece-based employees.

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End-to-end Greece payroll services

Looking to expand into Greece? Our unparalleled expertise in global payroll services ensures that your business can seamlessly navigate the complexities of payroll on a global scale, supporting your Greece expansion initiatives.

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Global entity management

Venturing into the Greek market can be both exciting and challenging. With distinct business regulations, cultural nuances, and economic landscapes, it's essential to have a clear roadmap for your business establishment journey.

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Accounting

Whether your goal is to process your purchase-to-pay transactions with minimum errors or manage your expense claim procedure, our team of experts can handle your accounting responsibilities, allowing you to focus on your core business and save time and money.

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Global EOR services

Managing a diverse global workforce can be complex. This is where TopSource steps in as an invaluable employer of record services partner for companies seeking to expand their global reach while ensuring compliance with local employment laws and regulations.

Global Expansion Simplified

How to do business in Greece

Entering the Greek market presents a mix of excitement and challenges. Given unique business regulations, cultural intricacies, and economic dynamics, a well-defined roadmap is crucial for a successful business establishment.

TopSource Worldwide is with you at every stage. Whether it's navigating local regulations or facilitating seamless operational transitions, our expertise ensures a swift and efficient process for establishing your business in Greece.

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Greece Insights

Key insights into Greece's landscape

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VAT rates: Greece has a standard VAT rate of 24%, with reduced rates for certain islands and specific goods and services.

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Ease of Doing Business rank: Greece is currently ranked 79th in the Ease of Doing Business, reflecting ongoing efforts to improve the business climate.

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Consumer Confidence Index: Consumer confidence in Greece is showing signs of improvement as the economy recovers, indicating a positive trend in consumer spending.

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Employee maternity/paternity leave: Greece provides up to 17 weeks of maternity leave and 2 weeks of paternity leave, supporting family welfare.

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Employee termination period: In Greece, the notice period for termination can range from 1 to 4 months, depending on the employee's length of service.

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Employee salary pay date: Salaries in Greece are typically paid on the last business day of the current month for the current month.

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Bank holidays: Greece recognizes approximately 12 public holidays each year, which can vary slightly if they fall close to weekends.

Employ and pay anywhere

Specialising in multi-country payroll solutions

TopSource Worldwide offers comprehensive payroll outsourcing services, ensuring seamless and accurate management of your organisation's payroll functions. With cutting-edge technology and a team of experienced professionals, we handle payroll processing, tax compliance, and regulatory requirements with precision.

Calculate Your Employer of Record Taxes in Seconds

Employment Cost Calculator in Greece

Our Employment Cost Calculator simplifies complex tax calculations for global businesses. Accurately assess tax obligations, ensuring compliance with local regulations. Streamline payroll management effortlessly with our user-friendly tool, providing transparency and efficiency in international workforce taxation.

In addition to calculating your EOR taxes, our calculator can also help you:

  • Understand the different types of EOR taxes
  • Stay up-to-date on the latest changes to EOR tax regulations
  • Avoid penalties for non-compliance
Our author

Mark Robbins

Global Sales Director

Mark is the Sales Director at Topsource Worldwide. He has been a pioneering figure in the global expansion space since 2013. He is the first salesperson to sell EOR services in Europe, a feat he accomplished in 2013. 

Published 2023-11-14 00:00:00

Updated 2023-11-15 00:00:00

Adrian Cooney

Reviewed by:

Adrian Cooney

Adrian Cooney

Fact checked by:

Adrian Cooney

Employer of Record FAQ

Frequently Asked Questions about Greek employment solutions

What is an Employer of Record in Greece?

An Employer of Record (EOR) is a professional services provider that assumes the responsibility of being the legal employer for a company's workforce in Greece. This entails managing tasks such as payroll processing, tax withholding, benefits administration, and ensuring compliance with local labour laws and regulations.

How do global employment services work?

Global employment services operate as a comprehensive solution for businesses seeking to expand their workforce across borders. These services, often provided by Employer of Record (EOR) companies like TopSource Worldwide, streamline the complexities of international employment.

What are the benefits of working with an Employer of Record in Greece?

Employer of Record companies assume the legal responsibilities associated with employment, alleviating the burden of compliance, payroll, and HR management in Greece. This allows companies to expand globally without the complexities of establishing legal entities in each location.

What is the difference between EOR & PEO?

An EOR acts as the legal employer, handling tasks like payroll, tax compliance, and benefits administration. This allows companies to expand internationally without establishing legal entities. On the other hand, a PEO shares employer responsibilities with the client company, often co-employing workers.

How are employer payroll taxes calculated in Greece?

Calculating employer payroll taxes involves understanding the various taxes associated with employing workers and complying with tax regulations in Greece. Key components include federal and state income taxes, Social Security, Medicare, and unemployment taxes.

What global employment solutions does TopSource offer?

TopSource Worldwide facilitates hassle-free global expansion by acting as the legal employer, handling payroll, tax obligations, and HR responsibilities. With expertise in global entity management, TopSource assists businesses in navigating the intricacies of legal structures across borders.

Let's get started

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