Hire employees in Greece
With Nomad Global Hire PEO / EoR (employer of Record) services, you can easily hire employees in Greece, without having to set up your own entity. No risk and fully compliant with HR support included
What to know about Greece
Greece has a dynamic digital and startup industry
Employer Tax
Estimated at 22.5%
Currency
EUR, Euros
Available Employee Benefits
Medical insurance, Meal Vouchers
Employee Tax
Incremental up to 44%
Payroll Frequency
Monthly over 14 payments
Main Universities
National and Kapodistrian University of Athens, University of Crete, Harokopio University.
Capital
Athens
Population
Circa 10.5 Millions
Available Contracts
Fixed Term Contract, Indefinite/Permanent
Greece is a dynamic hub for startups, Digital Talent in Marketing, Data and Tech. The Greek government has created the Elevate platform to identify promising startups and support their growth nurturing a robust innovation ecosystem along the way. Startups can hire fantastic talent in Greece, You recruit them and we help you hire them locally, without the cost and complexity attached to opening a local entity.
Payroll, Benefits & Tax in Greece
- Average salary in Greece is 1,355 Euros Gross per Month
- Employer Tax in Greece is usually 22.29%
- This includes Pension, Accident, Heath Insurance, Unemployment…
- Employee Tax in Greece is incremental up to 44%:
- There is a flat 9% Tax on the first 10,000 EUR of income
- Income Tax is then at a flat rate of 22% for the income between 10,000 and 20,000 EUR of annual income
- Income Tax then steps to 28% for the income between 20k and 30k EUR
- Income Tax then steps to 36% for the income between 30k and 40k EUR
- Income tax is then at 44% for all incomes over 40,000 EUR
- Overtime payment in Greece is not mandatory if contract is over the minimum wage
- Payroll Frequency in Greece is Monthly but over 14 months, with an extra month paid at Easter, half an extra month at Christmas and another half a month paid on the occasion of their annual holidays. So a monthly salary in Greece is calculated as Yearly salary Divided by 14.
- Parental Leave is up to 120 days in Greece.
- Maternity Leave in Greece is up to 120 days. The Mother has to take at least 56 days before the birth of the child. Maternity Leave can be extended by an addition 6 months. During this time, leave is paid at by the Social Security Fund in most cases.
- Paternity Leave in Greece is 14 days or 2 weeks and can be taken any time until the child turns 1 month old. The salary during those 2 weeks will paid at 100% by the employer.
- Sick Leave is covered for up to 25 days per year (or 13 days in the first year of employment). The employer will pay 50% of the salary during the first 3 days then it will be covered by the Social Security.
- Statutory Leave is 20 days minimum per year up to 25 days depending on tenure of employee (incremental every year). Employees with 12 years experience will be granted 25 days from start date.
- Public holidays in Greece: there are 14 national public days in 2023 in Greece
- Termination can only be done for a valid cause in Greece, see below
- Notice period is depending on the length of service of the employee in the business
The Greek Labor Code is setting the framework for employment in Greece. This covers all individual and collective working relationships, Compensation and Benefits, Workers rights as well as Leave (Sick, Parental), employment Termination and Discrimination.
Onboarding and Termination in Greece
- Probation period are not mandatory under Greek Labour Law
- Probation period in Greece if applicable in the contract can be of a minimum of 30 days and maximum of 365 days
- You can hire through Fixed Term Contracts, Indefinite / Permanent contract or BtoB contracts
- Employment Contracts are drafted in Greek but can also be in English (but then has to be both at the same time)
- Termination is Greece is generally a straightforward process if all steps are followed. In order to be compliant, Termination can occur as such:
- By mutual agreement
- By resignation of the employee
- By expiration of contract
- By the employer on grounds of disciplinary dismissal, long absence, failure to perform in probation period, reduction of work or end of the activity, or even without cause but has to be notified early enough
- It is always advised to give at least 1 month notice
- There is no minimum notice period in Greece however depending on length of employment, it is important to consider that severance may need to be paid
- Severance payments in Greece are mandatory if the Termination was done without warning and severance minimum cost would be 2 months
Fixed Management Fee
We charge a fixed monthly fee depending on the level of the salary of the hired employee
- Local Contract Management
- Payroll Management
- Tax and Compliance
- HR Support
Employee Nomad set up fee
Everything to get you started on Nomad and ensure piece of mind for you and your new hire
- Sign up to the NOMAD Services
- Benefits Setup (if available)
- Tax authority liaisons
- An initial Deposit will be required
Estimated Employer tax costs
Employer Tax in Greece is estimated around 22.5% (may vary depending on circumstances)
- Pension fund insurance
- Health insurance
- Unemployment insurance
- WFH allowance
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