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Payroll in GrGreece.






Country Capital



Euro (€) (EUR)

Greece’s location makes it the perfect spot for trade around Europe, the Mediterranean Sea, and beyond. However, companies can encounter some challenges during an expansion to Greece, especially when it comes to setting up payroll. G-P offers a solution to help ease the stress of business growth. As a global Employer of Record (EOR), we will manage all matters of compliance, hire employees on your behalf, and add them to our payroll in Greece.

Taxation rules in Greece

Companies growing into Greece will have to consider corporate tax rates and personal income tax rates for employees. Greece’s social security system requires contributions from employers (22.29%) and employees (13.87%). The corporate income tax rate is 24% for all companies.

Greece operates under a progressive income tax bracket where employees pay a greater percentage as their salary increases. For example, employees who earn up to EUR 20,000 pay 22% of their wages to taxes, while individuals who earn above EUR 40,000 must pay 44% of their wages in taxes. However, it’s important to note that the tax percentage doesn’t apply to the entire amount. For instance, an individual with an annual taxable salary of EUR 15,000 will be subject to a 9% tax rate on the first EUR 10,000 and a 22% rate on the remaining EUR 5,000.

Greece payroll options for companies

Companies have different payroll options in Greece, including:

  • Internal: If you’re committed to growing your company in Greece, you may opt to run payroll out of your subsidiary. However, you’ll need to hire a robust HR team that understands all of the country’s employment compliance laws.
  • Greece payroll processing company: Working with a Greece payroll processing company will help outsource your company’s payroll, but you’ll still have to manage all potential compliance issues.
  • G-P: By partnering with an Employer of Record like G-P, you can expand your global footprint without the hassle of entity setup and management. With us, companies can rest assured that all employees will be paid punctually and compliantly.

How to set up a payroll in Greece

Before you can set up payroll in Greece, you have to establish a subsidiary in the country. The process can take anywhere from a few weeks to a couple of months, depending on where you incorporate and what type of entity you choose. You have to establish a subsidiary before you can hire employees and add them to your payroll. You’ll also need to establish in-country bank accounts to set up your payroll in Greece and pay employees. However, with G-P, you can bypass entity setup and start hiring in a fraction of the time.

Entitlement/termination terms

When your company is ready to hire employees, the first step is to draft an employment contract with clear entitlement and termination terms. Employers have to pay employees for the remainder of their employment contract if they terminate a fixed-term contract early. Greece also has notice periods based on an employee’s years of service.

Streamline global payroll management with G-P.

G-P streamlines each step of the payroll management process with our market-leading Global Growth Platform™. Pay your team with confidence anywhere in the world in 150 currencies with our 99% on-time automated payroll system — all with just a few clicks. Our products also integrate with leading HCM solutions, syncing employee payroll data across platforms automatically to create one reliable, convenient source of truth for HR teams.

Contact us to learn more about how we can support you.


THIS CONTENT IS FOR INFORMATIONAL PURPOSES ONLY AND DOES NOT CONSTITUTE LEGAL OR TAX ADVICE. You should always consult with and rely on your own legal and/or tax advisor(s). G-P does not provide legal or tax advice. The information is general and not tailored to a specific company or workforce and does not reflect G-P’s product delivery in any given jurisdiction. G-P makes no representations or warranties concerning the accuracy, completeness, or timeliness of this information and shall have no liability arising out of or in connection with it, including any loss caused by use of, or reliance on, the information.

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