As of 1 January 2026, the General Commercial Registry (GEMI) will start imposing fines for defects in commercial registration and publicity requirements in the GEMI. Sociétés Anonymes (Α.Ε), private companies (ΙΚΕ) and other individuals or entities required to register with the GEMI are urged to check their data and information included in the GEMI until then in order to correct any errors without incurring any administrative fines. The extent of application of the new regime to old defects remains to be clarified.
More precisely, Joint Ministerial Decision No. 46982/2025 (JMD), activates article 50 of Law 4919/2022 for the first time with a view to enhancing the legality and completeness of the acts and data published in the GEMI, and the reliability of information submitted with the GEMI. The enforcement of fines had been suspended because of the lack of the necessary implementing ministerial decision.
The JMD determines:
a) The criteria taken into account for the amount of the fines, including the legal form, the size of the business, the type of company as entity of public interest or not and its status (active, under liquidation, under bankruptcy).
b) The violations – the key violations being the following:
– failure to submit with the GEMI a registrable act or item;
– incorrect or incomplete registration of a registrable act or item;
– errors in the registration of data during the establishment of the company that are not due to obvious mistakes (e.g. identity details of natural persons or legal entities);
– noncompliance with the rules for the establishment of a company through the One-Stop Shop
– failure to include the minimum information required by law in the company’s documents.
– failure to comply with the rules on names and distinctive titles
c) The amount of fines per violation for those who fail to comply with the rules of commercial publicity, based on the above criteria;
– fines range from €100 to €100,000, depending on the legal form and/or size of the company that committed the violation. Late filing of financial statements may result in fines ranging from €1,000 up to €100,000.
– The amount of the administrative fine imposed shall be reduced by 50% if the defect is corrected within thirty (30) days of the date of notification of the administrative fine and the fine is paid.
– If the same violation is repeated within three years of notification of the enforcement action, the fine is doubled. If the violation is repeated within the same period, the fine is tripled.
d) The procedure for determining, imposing, certifying, collecting fines and distributing the amounts collected among the beneficiaries. The relevant violations may, inter alia, be determined through system automation, individual checks, notifications by other public authorities and complaints.
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