2286085361 Megalochori thiras, Sandorini info@taxprotection.gr
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Recommendation IKE or OE?
TaxProtection - Kasimatis Stylianos - Accounting Office - Santorini



At TAX PROTECTION, we fully understand the challenges a new entrepreneur like you faces as you prepare to start your own business. One of the most important decisions you will have to make is the type of business form you will choose. In particular, choosing between a Private Equity Company (PPE) and a Limited Partnership (SP) is an important decision you will need to make, and we are here to help you make the right choice.

Based on your personal needs, goals and the specific requirements of your business, our expert accountants and consultants can help you make the best decision. We carefully study the nature of your business, your financial situation and long-term prospects in order to offer customized solutions.


Whether you decide to choose an IKE for its tax advantages and limited liability, or an OE for its ease of administration and taxation, we can guide you through every step of the incorporation process.

The success of your business is our success, and TAX PROTECTION is dedicated to providing you with the best accounting and consulting services to facilitate your choice and successfully support your business in the future.

Contact us today for an initial meeting and let us help you make the right choice for your future business success.



In times of economic crisis, the business community is looking for new and flexible solutions to survive and grow. One such alternative option that is gaining more and more ground is the creation of a Private Equity Company (IKE) or a Limited Partnership (PO).

IKE is a special form of company that has advantages that make it attractive to many entrepreneurs. One of the most important advantages of IKE is the limited liability of its owners. This means that individuals are not liable beyond the amount of capital they have contributed to the company. In addition, the IKE offers tax advantages that can reduce the tax burden of the business.

On the other hand, the OE is a traditional form of business, where the partners participate equally in the decision-making and management of the company. Here, profits are taxed at the individual level, which may be more profitable for partners depending on the specific tax circumstances.




Some key characteristics of the Private Capital Company (PEC) are the following:

  • Initial Capital: The initial capital can be at least 1 euro.
  • Contributions: Partners can contribute money, goods, or other forms of contribution (such as labor) that are considered capital of the firm. Contributions can provide them with corporate shares.
  • Insurance: The insurance of the partners in the Unified Social Security Agency (EFKA) is optional, unless they participate in the management of the company.
  • Liability: The company's obligations are solely borne by its property. Exceptions are the partners who provide guarantee contributions for the company's debts up to the amount guaranteed.
  • Amendments to the Articles of Association: Changes to the company's articles of association (e.g. change of activity, address, purpose) are published only through the General Commercial Register (GEMI) or the company's website, without the need for a notary public or publication in the Government Gazette ( gazette).
  • Establishment or Amendment Procedure: The IKE can be established or amended through a simple private document controlled by GEMI, without the obligation to have a notary present. The recommendation can be completed in a week.
  • Books and Accounting: IKEs are required to keep a book of partners and a single book of meeting and management minutes, which are kept in electronic form. Also, they must keep mandatory double-entry books (Category 3), similar to Joint Stock Companies (SA) and Limited Liability Companies (LLC), in order to achieve maximum transparency in financial transactions.




The reasons for choosing to set up a Limited Liability Company (LLC) are as follows:

  • Simple management: There is no need to keep complex C' category books with cash tracking, which facilitates the management of the company's finances.
  • Non-publication of financial statements: O.E. it is not required to publish its financial statements, which preserves its financial privacy.
  • Joint liability of partners: All partners are jointly liable for the company's obligations, which increases the creditworthiness of the business.
  • No notarial documents required: No notarial document is required for the formation of the OE, but a private agreement between the partners is sufficient.
  • Minimum capital: No specific amount of corporate capital is required to set up an OE, allowing it to be created with smaller capitals compared to other corporate forms.

Overall, forming a Limited Partnership provides a flexible and simple form of business structure with financial benefits for the partners.