How to hire remote employees in

Greece

Greece is a hotspot for remote talent, both local and international. If you’ve found someone there you’d like to hire, you’re in the right place. By the end of this page, you’ll know everything you need to know (literally) to start hiring remote talent in Greece. Shall we?

Country snapshot

CURRENCY
Euro (EUR)
EMPLOYER TAXES
22.54%
PAYROLL FREQUENCY
Monthly
OFFICIAL LANGUAGE
Greek

What to know before you hire in 

Greece

Hiring in Greece can be notoriously difficult—but not when you know what you’re doing. If you want to hire remote talent in Greece, you have two options: Hire people as contractors, or hire them as employees.

If you want to successfully hire in 

Greece

, you have two options:

Hire talent as contractors

Laws about hiring contractors are significantly more simple in 

Greece

. Onboarding talent takes days, not weeks or months. Both you, the company, and your talent have more flexibility. And in many cases, since you’re remote, the talent you’re hiring is better classified as a contractor, anyway. Of course, it’s not possible in every case, but it’s what we built Panther for.

Hire talent as employees

This is the long route. You can either establish a physical presence with an entity and register as an employer, or you can use an Employer-of-Record (EOR) solution. Odds are, you’ll find using an EOR to be the easier route. Still, using an EOR in 

Greece

 is expensive—it can often be $500 per month per employee—and sometimes prone to lengthy onboarding times.

Why hire independent contractors in 

Greece

Hiring contractors is normally the easier, faster, more flexible choice—but don’t just take it from us. Below are the specific benefits and drawbacks to hiring contractors in 

Greece

.

It’s the fastest way to hire globally

Hiring employees takes months, at the minimum. When you hire with Panther’s locally-generated contracts, it’s a matter of days or weeks. This means you can hire the best talent, fast, without losing them to a hellish procession of paperwork.

It’s a lot cheaper

It costs just $0 to sign up for Panther, then $49 per month to hire your contractors with Panther. If you hired employees manually (or did contracting on your own), you’d likely be on the hook for thousands of dollars each month. Setting up an entity alone can cost tens of thousands of dollars.

It’s more flexible for you & your team

Hiring contractors in 

Greece

 means you’re generally not on the hook for things like health insurance and paid time off. This makes hiring flexible for you, and it gives your talent more options.

It’s less risky than hiring employees

Hiring employees is a bigger commitment, and generally puts you at a bigger risk for legal fees. When you hire contractors overseas, your biggest risk is misclassification—but even then, misclassification penalties are often minimal and just require you to pay off any compensation that the person would have been owed as an employee.

Some people want to be employees

The contractor life isn’t for everyone—some people want the security that being an employee often appears to provide. Though it’s rare, this does happen, and it’s one disadvantage of manage an all-contractor team.

You might not have as much control over your talent

Most countries’ contractor-employer relationship laws stipulate that the employer can’t set fixed working hours, among other things. These laws give contractors more freedom over how and when they do their work than an employee would have. In reality, however, most contractors are willing & able to work on the company’s schedule—it’s a matter of setting expectations beforehand.

How can I pay people in 

Greece

?

If you’re hiring contractors in 

Greece

, you can pay them with Panther in a single click. You won’t need to worry about complicated wire transfers, fees, or currency conversions. We’ll take care of it all. Just make a click and your contractor will get paid in their currency of choice. This is a valuable bonus for talent in countries where the local currency is particularly weak—most people appreciate the ability to receive their payment in stronger currencies.

Hiring and paying your team in 

Greece

Hire and pay with Panther

Pay everyone with a single click
Get great currency conversion rates
Pay $0 in platform fees
Run payroll in seconds
Let Panther automatically create & store invoices
Let Panther automatically write locally-compliant contracts
Let Panther automatically file local tax documents

Hire and pay without Panther

Pay all your contractors individually
Do all currency conversions yourself
Shoulder the burden of platform fees
Spend hours each month making payments
Manually track & store invoices
Manually write & sign contracts
Manually file relevant tax documents

Let Panther save you from hiring headaches.

Sign up today for $0

If you want to hire employees in 

Greece

If you’ve read up until this point, you’ll know that it’s easier, cheaper, and more flexible to hire contractors in Greece than employees. Still, there are valid reasons why you might want to hire employees instead. The content below is for you—we’ll cover employer taxes and obligations in Greece.

Taxes in 

Greece

Employer tax

Employer Contributions

  • 22.54%

Individual tax

Leave

Paid Time Off (PTO)

  • Employees that are working 5 days a week are entitled to a minimum of 20 prorated days of leave per year at full pay. For each additional year of work, employees are entitled to an additional day of leave up to a total of 22 days.
  • Employees with 10 years of service for the same employer or 12 years of service with any employer are entitled to 25 days’ leave per year.
  • For 25 years of service or more, employees are entitled to 26 days’ leave. In addition, employees are entitled to an annual leave bonus equal to the pay for leave, with a maximum of half a salary.

Public Holidays

7 public holidays and 4 optional holidays.

Sick Days

In case of sick leaves, the employer is obliged to pay the employee: 13 days only in the 1st year and 25 days from the 2nd year onwards. The days are paid by both the employer and the EFKA.

Maternity Leave

Maternity leave – 119 calendar days. (Only the 1st month is paid by the employer the rest is paid by the EFKA). 56 calendar days should be taken before the childbirth date and the remaining 63 calendar days after the birth.

In addition to the maternity leave, 6-month leave is paid the minimum wage by the labor Employment Office (OAED).

Instead of receiving reduced daily working hours mothers may agree with their employers to receive an extra 3.5 months leave paid by the employer.

Paternity Leave

Fathers are permitted 2 days of paid leave after the birth of their children.

Parental Leave

2 days per childbirth paid by the employer.

Other Leave

Leave for children’s school grading: 4 working days for each child who is not older than 16 years old. This kind of leave may be used by one of the parents.

Elections leave:
the duration is relating to the distance between the polling station and the workplace. Generally, is 1 to 3 working days.

Marriage Leave

5 working days.

Bereavement Leave

2 working days for the death of husband/wife, child, parents, brothers.

Termination

Termination Process

An indefinite employment agreement is considered to be employed with a probationary period for the first 12 months of the agreement, which may be terminated during the probationary period without notice and without severance pay unless otherwise agreed by the parties.

After the first 12 months, the employee cannot be terminated without prior written notice from the employer, which will take effect from the day after the employee is notified.

These provisions apply for all forms of dismissals, including collective dismissals for employees that are not workers. Terminating workers doesn’t require any notice.

A fixed-term contract can be terminated by the employee or the employer before the end date immediately without notice period for a ‘Significant reason’. Significant reason includes events during the employer-employee relation which make it impossible to continue the agreement in good faith. If a significant reason exists, the employer is not obliged to pay compensation.

Furthermore, article 40 of law 3986/2011 mentions that a fixed-term employment contract, which includes a term for early termination in accordance with requires severance calculation is automatically converted into an indefinite-term employment contract upon termination.

Notice Period

If the employment relationship is based on a fixed-term contract, it can be terminated immediately without notice by either the employee or employer.  However, a reason (i.e. breach of contract, failure to comply with the terms of the contract, etc.) is given.  If no reason is given, the employee is able to make claim in court and is able to receive compensation for the wages that would have been received until the contract expiry date.

If the employment contract is for an indefinite period, the length of the notice period depends on the length that the employee has been employed:

Number of Years: 1-2 years
Notice Period: 1 month

Number of Years: 2-5 years
Notice Period: 2 months

Number of Years: 5-10 years
Notice Period: 3 months

Number of Years: 10 years+
Notice Period: 4 months

Severance Pay

For non-workers with indefinite employment agreement the severance pay is calculated as follows:  

Up to 1 year of service – no severance pay required

From one year of service – the severance changes according to the length of service and can be up to 12 months of severance.

Employee requirements in 

Greece

Working Hours

Full Time employment is considered 40 hours weekly, and 8 hours daily.

Overtime

Extra Time (Iperergasia):  The maximum time per day is 1 hour and is paid at a rate of 120% of the regular salary.

Overtime (Iperoria): The maximum time per day is 2 hours and 120 hours per year. These hours are paid at a rate of 140% of the regular salary. For more than 120 hours per year, approval from the Greek Labor of Ministry is required.

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