Establishing a Private Company can be a feasible and the easier way to start a business in Greece. There are several advantages that the Private Companies (PC – IKE)  represent in comparison with other types of Greek companies (in terms of legal entities). Some of them are listed below: Zero capital requirements (it is not compulsory to have a certain amount of capital like ).   -Quick establishment with minimum expenses and simplified procedure. -Provided the Articles comply with the requirements of the Law, they may be drafted accordingly to suit the particular needs of a type of business as well as of its members, enabling the company to be shaped either closer to a partnership or closer to a Societe Anonyme. -Very flexible corporate form (meetings can be held through teleconference and abroad, any amendments and changes are made by a private agreement). -Corporate documentation may also be drafted in any official EU language. -Only the manager and the sole member (in case of a single-member PC) are subject to compulsory registration at the local insurance organization.