Publication Obligations For Single-Member S.A.s In Greece

Article 4(1) of Law 4548/2018 provides that the establishment of a Société Anonyme (S.A.) as a single-member company, the concentration of all its shares in a single person, as well as the details of its sole shareholder are subject to publication. This disclosure obligation was introduced in the context of the harmonization of national legislation with the corporate Directive 2009/102/EC (art. 3, 6).

In this regard, Circular No. 82772/18.09.2023 issued by the Ministry of Development was recently published, providing clarifications regarding the publicity obligations of the single-member S.A. to the General Commercial Registry (G.E.MI.), in accordance with the cases outlined below. It is further clarified that failure to comply with the aforementioned disclosure requirements may result in the imposition of the sanctions provided under the provisions of Law 4919/2022.