EOR Onboarding: How to Ensure a Smooth Transition
Hiring the right talent is vital for any business's success, but the process of onboarding employees can often be a complex and time-consuming affair. Employer of...
EOR Partners in Greece
Employ in Greece
Expanding your business into Greece offers a strategic advantage in the Southeastern European market. With its robust economy, favorable tax regime, and strategic location at the crossroads of Europe, Asia, and Africa, Greece provides a conducive environment for international enterprises seeking growth and regional influence.
About the Country of Greece
Greece, located in Southeastern Europe, is a member of the European Union and the Eurozone. It boasts a population of approximately 10.4 million people and utilizes the Euro (EUR) as its official currency. The country's GDP stands at around €200 billion, reflecting a resilient and diversified economy.
10.36 Million
Population
Euro
Currency
238.2 Billion
Global Domestic Product
Why Choose Greece For Global Expansion?
Strategic Location: Situated at the intersection of Europe, Asia, and Africa, Greece serves as a gateway to diverse markets, facilitating international trade and business operations.
Favorable Tax Regime: Greece offers a competitive corporate tax rate of 22%, along with an extensive network of double taxation treaties, enhancing its appeal to foreign investors.
Business-Friendly Environment: The country provides a stable political climate, a transparent legal system, and a robust infrastructure, all of which support efficient business operations.
Skilled Workforce: Greece boasts a highly educated, multilingual workforce, with a significant portion proficient in English, facilitating seamless business communications.
Employment Landscape
Greece's employment framework is governed by a combination of statutory laws and collective agreements, ensuring fair labor practices and employee rights. The standard workweek is capped at 40 hours, with specific regulations varying across industries.
Our Services in Greece
Payroll Management: Ensuring accurate and timely salary disbursements in compliance with local tax laws.
HR Support: Providing assistance with employee onboarding, contract management, and adherence to labor regulations.
Compliance Management: Navigating the complexities of Greek employment laws to ensure full compliance and mitigate risks.
Employment Benefits in Greece
Employees in Greece are entitled to various statutory benefits, reflecting the country's commitment to worker welfare.
Annual Leave
- Paid Vacation: Employees are entitled to a minimum of 20 days of paid annual leave per year, which can increase based on tenure and collective agreements.
- Public Holidays: Greece observes 12 public holidays annually, during which employees are typically granted time off.
Sick Leave
Employees are entitled to sick leave, with compensation provided through the Social Insurance Fund (SIF). The standard benefit is 50% of the employee’s average daily earnings, commencing from the fourth day of illness.
Additional Benefits
- Maternity Leave: Female employees are entitled to 17 weeks of maternity leave, with benefits paid through the SIF.
- Paternity Leave: Male employees are granted two consecutive days of paternity leave, compensated by the employer.
- Healthcare: Employees have access to public healthcare services, with employers contributing to the General Healthcare System (GHS) through payroll deductions.
Work Hours and Breaks
- Standard Workweek: The typical workweek in Greece is 40 hours, with a maximum of 48 hours including overtime.
- Rest Periods: Employees are entitled to a minimum rest period of 11 consecutive hours per 24-hour period and at least 24 consecutive hours of rest per week.
- Overtime Compensation: Overtime work is compensated at a premium rate, typically 150% of the standard hourly wage, with higher rates applicable on Sundays and public holidays.
Salary Tax Table
| Taxable Income Range | Tax Rate | Accumulated Tax |
|---|---|---|
| 0 – 10,000 | 9% | 900 |
| 10,001 – 20,000 | 22% | 3,100 |
| 20,001 – 30,000 | 28% | 5,900 |
| 30,001 – 40,000 | 36% | 9,500 |
| Over 40,000 | 44% | - |
*All figures based on local currency
EOR Performance Metrics: What to Measure and How
Hi. Looking at having an EOR partnership in Zimbabwe . Do you have oppurtunities thee and what are the requirements ?
EOR Compliance Audits: Ensuring Legal Compliance
The business world is ever-evolving, continually introducing new complexities. One of these complexities is navigating the murky waters of legal compliance. At EOR...
EOR Implementation: Key Steps and Best Practices
Today, companies worldwide seek flexibility, scalability, and cost-effectiveness when expanding their operations, whether domestically or internationally. One strategy...
The Importance of Customized EOR Solutions
In today's dynamic business landscape, companies are constantly seeking ways to streamline their operations and expand their global presence. As organizations strive to...
EOR vs PEO: Which is the Right Choice for Your Business?
Business expansion, both domestically and internationally, is a thrilling prospect. It presents new markets, customers, and revenue streams. However, it's essential to...
Avoiding Common Pitfalls When Choosing an EOR Partner
As businesses grow and seek to expand globally, they often rely on the expertise of Employer of Record (EOR) service providers. Selecting the right EOR partner can help...
EOR Contract Negotiation: Best Practices
The successful operation of a business involves numerous intricate components, with each one playing a vital role in the overall picture. One such critical aspect is...
Making the Final Decision: Choosing the Best EOR Provider for Your Business
Employer of Record (EOR) services have become an indispensable part of modern business strategies, especially for companies expanding their horizons internationally....
How to Choose the Right EOR for Your Business
In today's global marketplace, more businesses are looking towards international expansion to tap into new growth opportunities. However, managing international...