The #1 alternative
Commenda vs Healy Consultants vs ShelfCompanies24
Setting up a Greek IKE from abroad is the visible part. The cost comes after.
Comparison at a glance
Healy and SC24 set up the Greek company. Commenda runs four suites across 70+ countries, so one platform takes you from your Greek IKE to a full multi-country group.
Commenda
Global entity management with complete compliance. Sets up your Greek IKE (GEMI registration, TIN and tax representative, EFKA, statutory seat, bank account) and runs it alongside entities in 70+ countries, with consolidation and transfer pricing.
Healy Consultants
Global corporate services firm. Greece incorporation around EUR 5,400 in Year 1, EUR 1,900 annual after, average total engagement near EUR 11,600 including bank account. Single engagement per country. Good for a one-off Greece setup with a hands-on advisor.
ShelfCompanies24
Multi-jurisdiction formation agent. IKE formation from EUR 2,500, fixed price, around 7 days, including GEMI, tax registration, UBO, virtual seat, and bank account. Good for a lower-cost, single Greece formation with no ongoing platform.
Feature comparison
Why we do it better
 | Healy Consultants | ShelfCompanies24 | |
|---|---|---|---|
| Starting price (incorporation) | $5,318 (EUR 4,609) | EUR 5,400 (Year 1) | from EUR 2,500 |
| GEMI registration | |||
| Greek TIN + tax representative | |||
| EFKA registration (administrator) | Model-specific | ||
| Statutory seat / registered address | |||
| Corporate bank account | |||
| VAT registration & filing | Model-specific | ||
| Ongoing accounting & corporate tax | Model-specific | ||
| Transfer pricing (cross-border + CbCR) | |||
| Multi-entity consolidation / audit trail | |||
| Manage entities in other countries | Per engagement | Formation only | |
| 100+ ERP integration support | |||
| Jurisdiction reach | Global, 70+ | Global (per quote) | 56 countries |
Built for different buyers
Pricing compared
Advertised rates as of June 2026. Competitor pricing changes often.
Commenda
$5,318EUR 4,609, billed USD
- Plus Greek VAT 24% on services ($3,603); business renewal Year 2+ $3,049/yr (fixed business tax, GEMI, chamber, EFKA)
- Modular: virtual registered address $3,462/yr, Greece Basic Compliance (accounting + tax) $6,231/yr
- Greek IKE set up and managed, plus the cross-border layer; customers typically retire 3 to 5 vendors
Healy Consultants
EUR 5,400Year 1 incorporation
- Year 2 onward EUR 1,900/yr; average total engagement near EUR 11,600 including bank account and government fees
- Average registration around 12 weeks; advisory and accounting quoted per engagement
ShelfCompanies24
from EUR 2,500fixed price
- Around 7 days; covers GEMI filing, AADE tax registration, UBO register, virtual seat, bank account
- Add-ons priced separately; no ongoing accounting, tax, or compliance platform
How each model works
What's the difference?
How Healy Consultants and ShelfCompanies24 stack up against Commenda for entity management in Greece.
Commenda: Greece managed as part of your global group
- Sets up the Greek IKE (GEMI, TIN and tax representative, EFKA, statutory seat, bank account)
- Then runs accounting, corporate tax, VAT, and transfer pricing
- Consolidates Greece with your entities in 70+ countries, one audit trail
Healy Consultants: a per-engagement Greece setup with an advisor
- Incorporation, bank account, and government fees handled per quote
- Around 12 weeks to register; ongoing accounting quoted separately
ShelfCompanies24: a fixed-price Greece formation
- GEMI, tax registration, UBO, virtual seat, bank account in one fee, around 7 days
- No ongoing accounting, tax, or multi-country platform
Making a decision
Which one should you choose?
The right fit depends on your footprint and stage in Greece.
Choose Commenda if…
- You operate in Greece and at least one other country
- You want Greece managed alongside the rest of your group, with consolidation
- You want GEMI registration, TIN, EFKA, VAT, accounting, and transfer pricing in one place
Choose Healy Consultants if…
- Greece is a one-off setup and you want a hands-on advisor per engagement
- You want incorporation, bank account, and government fees in a single quote
Choose ShelfCompanies24 if…
- Greece is your only entity and you want a lower-cost fixed-price formation
- You do not need an ongoing accounting or compliance platform
Common questions
Yes. EU and non-EU administrators can be appointed remotely without relocating, provided they do not physically reside or work in Greece. Non-Greek-resident individuals need a Greek TIN, which requires appointing a permanent-resident tax representative. Commenda includes the TIN and tax representative in the formation package.
No. Greece has no resident director requirement for an IKE. Every IKE must appoint at least one administrator, who can be appointed remotely. All administrators must register with EFKA, which Commenda includes in the formation package.
For a single Greek company, SC24 is the lower-cost formation and Healy is a hands-on one-off setup. Commenda is the better fit for a cross-border group: it manages Greece alongside entities in other countries, with VAT, accounting, transfer pricing, and consolidation.
Yes, a Greek corporate bank account is mandatory for an IKE. Account opening is included in Commenda's formation package; approval is subject to the bank's KYC and AML checks.
About 1 to 2 weeks with Commenda (One-Stop-Shop plus GEMI registration), excluding document notarization or legalization and bank compliance review.
Yes, every IKE must have a statutory seat in Greece. The formation package covers the lease and rent provision; if you have no premises, Commenda's virtual address is EUR 3,000/year (about $3,462).
100 questions, from real customer calls.
The questions finance teams actually ask about entity management: EINs for non-residents, Delaware vs Wyoming, cleaning up the entities a previous provider left behind, and more. If you're looking for something, you'll find it here.
