Spotlight on ghost companies

Tax authorities’ audits to place ammunition companies are successful afloat swing, arsenic the competent services person established that successful caller years it has go communal signifier to establish, primarily, single-person Private Capital Companies (IKE) and Limited Partnerships, with the purpose of committing fiscal crimes.

These efforts simultaneously bring to airy the superior weaknesses of the mechanisms governing the constitution of companies successful Greece, centered connected the General Commercial Registry (GEMI) and the One-Stop Service.

A typical illustration is the caller dismantling of a VAT refund fraud ring, which revealed a highly organized web that had established astir 370 ammunition companies. These companies were created digitally, done the physics level of the GEMI One-Stop Service, taking the signifier of either single-person IKEs with a single manager, oregon Limited Partnerships, without immoderate substantial concern entity.

Now, creating a statute is highly easy, arsenic thousands of antithetic models are circulating connected the nett to facilitate those who want to found a company. The Independent Authority for Public Revenue (AADE) has already identified the occupation and is intimately monitoring the phenomenon. As tin beryllium seen from the findings of the audits, definite individuals oregon groups, often foreigners, proceed to found IKEs en masse – adjacent five, 10 oregon adjacent 15 connected the aforesaid time – declaring the aforesaid code and showing the aforesaid ineligible representative. 

The halfway of the occupation lies successful the information that the process of registering a concern with GEMI and the One-Stop Service is mostly automated and is based astir exclusively connected physics applications. 

In bid to implicit the establishment, fundamentally lone a solemn declaration by the ineligible typical is required, successful which the registered bureau of the concern is stated, without immoderate power oregon inspection being provided for verifying the beingness and cognition of the said address.