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General good requirements to be observed by undertakings that intend to carry on business in Greece

Any authorization to carry on business granted by an EU or EEA member state is valid in all other EU and EEA member states. This is referred to as “European Passport” or “Single-License-Principle”. To be permitted to conduct business in Greece, undertakings incorporated in an EU or EEA member state must comply with the required notification procedure. For more information please contact your home supervisor.

After successfully passing the notification procedure, you may carry on business in Greece. Cross-border business operations in Greece are subject to the following general good requirements.

  • Credit and Insurance Committee Decision 3/5/26.1.2011: Procedure for settlement of claims and payment of compensation to beneficiaries under private insurance cover against civil liability in respect of the use of motor vehicles, and relevant organisational obligations of insurance undertakings
  • Law 3867/2010 - Supervision of private insurance, establishment of a Private Life Insurance Guarantee Fund, credit rating agencies and other provisions within the scope of the Ministry of Finance
  • Law 3651/Government Gazette A 44/18 March 2008 - Road Assistance

     


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