The #1 alternative
Commenda vs TMF Group vs OnDemand International
Setting up a Greek IKE is the visible part. The cost comes after.
Comparison at a glance
TMF and OnDemand service the Greek company per engagement. 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 VAT, accounting, consolidation, and transfer pricing.
TMF Group
Global CSP with a Greece office. Entity management, accounting, tax, payroll, and global mobility, delivered as a service across 80+ jurisdictions. Quote-based. Good for enterprise buyers wanting a managed-service relationship with a quote per scope.
OnDemand International
Multi-jurisdiction formation and advisory firm. Greece incorporation with government fees from EUR 18 to EUR 60 plus a quote-based service fee, with accounting and advisory add-ons. Good for a guided Greece formation with optional ongoing advisory.
Feature comparison
Why we do it better
 | TMF Group | OnDemand International | |
|---|---|---|---|
| Starting price (incorporation) | $5,318 (EUR 4,609) | Quote-based | Govt fees from EUR 18 + service fee |
| GEMI registration | |||
| Greek TIN + tax representative | |||
| EFKA registration (administrator) | |||
| Statutory seat / registered address | Model-specific | ||
| Corporate bank account | |||
| VAT registration & filing | Model-specific | ||
| Ongoing accounting & corporate tax | Model-specific | ||
| Transfer pricing (cross-border + CbCR) | Model-specific | ||
| Multi-entity consolidation / audit trail | Model-specific | ||
| Manage entities in other countries | Yes, 80+ (service) | Several jurisdictions | |
| Self-serve software platform | |||
| 100+ ERP integration support |
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, EUR 3,122); 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
TMF Group
Quotemanaged service
- No public Greece price; scoped per engagement across entity, accounting, tax, payroll
- Managed-service relationship across 80+ jurisdictions
OnDemand International
From EUR 18govt fees + service fee
- Greece government fees from EUR 18 (digital) to EUR 60, GEMI EUR 10, trade name EUR 30, annual GEMI EUR 100
- Service and consultancy fee quoted on top; accounting and advisory add-ons
- Guided formation across several jurisdictions
How each model works
What's the difference?
How TMF Group and OnDemand International stack up against Commenda for entity management in Greece.
Commenda: Greece managed as part of your global group, as software
- Sets up the Greek IKE (GEMI, TIN and tax representative, EFKA, statutory seat, bank account)
- Then runs VAT, accounting, corporate tax, and transfer pricing
- Consolidates Greece with your entities in 70+ countries, one audit trail, stated pricing
TMF Group: a managed service across many jurisdictions
- Entity, accounting, tax, payroll, and mobility delivered as a service
- Quote-based; relationship and email-driven rather than a self-serve platform
OnDemand International: a guided Greece formation
- Incorporation with low government fees plus a quoted service fee
- Accounting and advisory available as add-ons; no multi-entity consolidation
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, as software
- You want GEMI registration, TIN, EFKA, VAT, accounting, and transfer pricing in one place with stated pricing
Choose TMF Group if…
- You want an enterprise managed-service relationship and a quote per scope
- You need entity, accounting, tax, payroll, and mobility under one provider across many jurisdictions
Choose OnDemand International if…
- Greece is a one-off formation and you want low government fees plus a guided service
- You do not need a self-serve platform or multi-entity consolidation
Common questions
For a single Greek formation, OnDemand can be lower cost on the setup step, and TMF is a fit if you want a quote-based managed-service relationship. Commenda is the better fit for a cross-border group: it manages Greece alongside entities in other countries as software, with VAT, accounting, transfer pricing, and consolidation, at a price stated up front.
No. Greece has no resident director requirement for an IKE. EU and non-EU administrators can be appointed remotely without relocating. All administrators must register with EFKA, which Commenda includes in the formation package.
Government fees are low (from EUR 18 via the digital platform, EUR 60 standard, plus GEMI and chamber fees). Provider service fees are where the cost sits. Commenda's IKE incorporation is $5,318 (EUR 4,609) plus 24% Greek VAT, with renewal of $3,049/year from Year 2.
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.
