Employer of Record in Greece (EOR in Greece)

Hire Globally, Pay Locally, Expand Effortlessly

Greece, with its dynamic economy and strategic location at the crossroads of Europe, Asia, and Africa, offers compelling opportunities for companies seeking international expansion. However, entering the Greek market entails navigating a complex array of labor laws and tax regulations. An Employer of Record (EOR) in Greece can simplify this journey by serving as your local partner, ensuring seamless market entry and continuous compliance with all necessary legal requirements.

Want to have a Team in Greece TODAY?

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We prefer to let others grow their business.

Want to Have a Team in Greece TODAY?

Show me how to grow my business now!

We prefer to let others grow their business.

How an Employer of Record in Greece Operates in 3 Steps

Step 1 – Initial Planning & Business Review

Partnering with an EOR in Greece, such as INS Global, starts with a thorough analysis of your business plans. This includes determining the number of employees, their roles, and your intended timeline for entering the Greek market. The EOR customizes its services to fit your business needs, ensuring a streamlined market entry.

Step 2 – Effective Setup, Recruitment & Onboarding

Whether establishing a new team in Greece or relocating existing staff, an EOR handles all necessary legal procedures. This includes processing visas, work permits, payroll, and contract management, ensuring compliance with Greek labor laws. Acting as your legal employer in Greece, the EOR simplifies the complexities and costs associated with setting up a local entity.

Step 3 – Continuous Support & Compliance Management

Once your operations are underway in Greece, an EOR takes care of ongoing HR and payroll functions. This includes salary processing, managing employee benefits, and ensuring compliance with health insurance and social security contributions. The EOR acts as the HR contact between you and your Greek team, addressing administrative tasks and employee concerns, allowing you to focus on business development.

The Benefits of a Greek EOR On Your Business

Hassle-Free Market Entry

An EOR in Greece simplifies your market entry by effectively managing tax systems and labor laws, ensuring compliance from the beginning.

Reliable Compliance Expertise

The regulatory landscape in Greece can be complex, but EORs are skilled in keeping your business aligned with local tax laws, labor regulations, and social security standards.

Risk and Liability Minimization

As your legal employer in Greece, an EOR helps mitigate risks tied to employment laws, ensuring your business remains fully compliant and safeguarded.

Focus on Core Objectives

By outsourcing HR tasks such as recruitment, payroll processing, and tax management to an EOR in Greece, you can dedicate your energy to core business activities and strategic growth.

Cost-Effective Solutions

EOR services in Greece offer a cost-effective alternative to setting up a local subsidiary, especially for smaller teams or short-term projects, helping you avoid the financial burden of incorporation and continuous administrative tasks.

Testimonial

Manuel Ramos

TERAO ASIA

Managing Director

We think INS Global is a good solution about starting business in new and complex markets. Understanding the market doesn’t mean you need to set up a company immediately.

 5/5

Choosing Between an EOR and Company Incorporation in Greece

While establishing a subsidiary in Greece is an option, opting for an EOR provides several advantages:

Speed – An EOR like INS Global enables a faster setup process in Greece, facilitating rapid staff recruitment and business operations. Setting up a local subsidiary can be a lengthy process, but an EOR can have your team functional in weeks or even days.
Compliance – Both EORs and subsidiaries must comply with Greek tax laws and labor regulations. EORs offer local expertise to efficiently manage these requirements, ensuring continuous compliance without needing in-house experts.
Cost – For smaller teams or temporary needs, EOR services are typically more cost-effective than forming a subsidiary, helping you avoid the initial costs of incorporation and ongoing administrative overheads. Larger enterprises benefit from the seamless integration of EORs into global payroll systems.
Control – While incorporation offers complete control over HR, financial, and operational aspects, EORs provide comparable oversight of your workforce while minimizing administrative responsibilities and potential liabilities.

5 Essential Factors for Selecting the Best Employer of Record in Greece

Selecting the right EOR in Greece is essential for a smooth market entry. Consider these 5 important factors:

Proven Track Record – Look for an EOR in Greece with a solid history and a strong reputation, such as INS Global. Client feedback and industry accolades can reflect their reliability and expertise.
Comprehensive Service Offerings – Ensure the EOR in Greece provides all necessary services or can customize them to your needs. This may include visa and work permit services, payroll processing, tax compliance, and navigating Greece’s tax and labor regulations.
Scalability and Flexibility – Choose an EOR in Greece that can expand its services as your business grows. They should be capable of handling an increasing workforce and adapting to changing business conditions.
Clear Communication and Transparency – Opt for an EOR in Greece known for clear communication. They should keep you informed about regulatory changes, deadlines, and potential challenges. Having a dedicated contact and online tools for easy access to vital information is advantageous.
Transparent Pricing – Compare the pricing models of different EOR providers in Greece. Ensure their fees are transparent and competitive, with no hidden costs. Consulting third-party sources can help you get the best value.

Greece Labor Law Overview

Employment Contracts – In Greece, contracts should be in Greek or English and must outline employment terms, including salary, benefits, working hours, termination clauses, and minimum wage requirements. An EOR in Greece ensures that your contracts comply with local labor legislation.
Probationary Periods – Probation periods in Greece usually last up to 6 months. An EOR can help establish probation periods that meet local legal requirements while providing a window to assess new employees.
Working Hours – The standard work week in Greece is generally 40 hours, with specific restrictions on overtime. EOR services assist in monitoring work hours and ensuring compliance with overtime regulations.
Paid Leave – Employees in Greece are entitled to various types of paid leave, including public holidays, annual leave, sick leave, and maternity leave. An EOR manages leave requests and ensures proper compensation according to Greek labor laws.
Health Insurance and Social Security – Contributions to health insurance and social security are made by both employers and employees. Your EOR handles these contributions through the payroll process.
Severance Pay – Severance pay is required under certain conditions, such as termination without cause. An EOR provides guidance on severance pay practices to ensure compliance with Greek laws.
Managing these complexities internally can be daunting and time-consuming. Partnering with an EOR in Greece ensures that your business remains compliant with labor laws, protecting you from potential risks and allowing you to focus on expansion.

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FAQs

How does an EOR facilitate business expansion into Greece?

An EOR provides a streamlined entry into the Greek market by managing compliance with local labor laws and tax regulations, allowing your business to quickly hire and operate without establishing a local entity.

What advantages does an EOR offer over establishing a subsidiary in Greece?

Using an EOR can be faster and more cost-effective than setting up a subsidiary, allowing you to hire and manage staff without the overhead costs and complexities of a local setup.

How does an EOR handle Greek employment contracts?

An EOR ensures that employment contracts comply with Greek labor laws, clearly outlining salary, benefits, working hours, and termination conditions to protect your business from legal issues.

Can an EOR assist with the immigration process for expatriates in Greece?

Yes, an EOR can manage visas and work permits for expatriates, ensuring compliance with Greek immigration laws and facilitating a smooth transition for international staff.

How does an EOR manage employee benefits in Greece?

An EOR administers employee benefits in accordance with Greek regulations, covering health insurance, social security, and other entitlements, ensuring compliance and employee satisfaction.

What role does an EOR play in handling labor disputes in Greece?

An EOR provides support in resolving labor disputes, offering expertise in Greek employment laws to ensure that disputes are managed legally and effectively.

Can an EOR provide payroll services in Greece?

Yes, an EOR handles payroll processing, ensuring accurate payment of salaries, tax withholdings, and social contributions in line with Greek regulations.

How does an EOR assist with the termination process in Greece?

An EOR ensures that employee terminations comply with Greek labor laws, providing guidance on notice periods and severance pay to minimize legal risks for your business.