In the “bell” to businesses, the country’s chambers are moving forward, inviting them to arrange their pending pending General Trade Register (GEMI) By the end of the year, as the new framework for imposing fines will be activated from 1 January 2026. At the same time, they express serious reservations and strong reflection on the strict fines provided for in the event of the omission of the publication of the financial statements.

Chambers inform their members that, in application of article 50 of Law 4919/2022, JMD was published by no. 46982 (Government Gazette 3542/8-7-2025, Issue B) on “Define the criteria for enforcement and the amount of administrative sanctions of article 50 of Law 4919/2022 in the non-consistent lists of registration in the General Commercial Registry (GEMI) and so on.”

The JMD has been applied from 1 January 2026 and refers to the determination of the enforcement criteria, to the height of administrative penalties (fines) to the non -consistent GEMI, in terms of the application of commercial publicity rules, as well as the process of finding, enforcing, certifying and collecting the fines. It does not apply to solo enterprises, but to companies in the legal forms of debtors in GEMI, in accordance with article 16 of Law 4919/2022.

The fines obliged by the GEMI Service. To impose, they will relate to violations made in the establishment and subsequent operation of the companies, in accordance with Law 4919/2022, and more specific provisions of the legislation/by corporate type, as:

  • Non-proper observance of rules when setting up companies through one stop electronic service (e-YMS)
  • The omission, the late, the non -lawful, the non -submission of an application for registration to the GEMI.
  • Failure to comply with the rules of automatic brand and a distinctive title
  • Non -listed information in the company’s documents.

The amount of the fines is determined by breach/legal form/size of an entity and will be – for companies that are obliged to the health of the Chambers – from EUR 100 to EUR 10,000.

As noted: “The valid and timely briefing of GEMI. It is an obligation of the most important for entrepreneurship, as in addition to ensuring the legal operation of companies and the information of all stakeholders, GEMI. It is interconnected with a number of national and European information systems and sends critical information to other registers. This information must be correct, legal and up -to -date. “

In this context, the debtors are required to work with the GEMI service. Chambers until December 31, 2025, in order to settle all the pending publications and make the required corrections without any administrative sanction and in particular can:

  1. To register with GEMI, provided that according to article 16 of Law 4919/20222 they belong to the persons liable and have not done so today,
  2. To make any pending entry, whose omission brings the imposition of a fine
  3. To make registrations for the omission of which have been suspended in registration,
  4. To apply to the competent Ministry of Foreign Affairs. the correction of errors they made on their own fault when setting up through the e-YMS or the automated registrations or in the automatic brand and a distinctive title or when submitting applications for the registration of Article 25 of Law 4919/2022.

Protest

In the meantime, in their letters to the Minister of National Economy and Finance, Kyriakos Pierrakakis, and to the Minister of Development, Takis Theodorikakos, they are calling for a review of the imposition of administrative fines on businesses for GEMI. And special reference is made to small family or newly established businesses “that do not have sufficient human resources and know -how, thereby frequently omitting the listings in GEMI. But without any deception. “

They are calling for the framework of imposing fines and proposes objective criteria for their height in order to preserve the viability of small businesses, while compliance with their transparency rules, as provided by GEMI.

It is recalled that the new framework for imposing fines on businesses that do not comply with the publication obligations on GEMI. It provides fines of up to 100,000 euros for large capital businesses and listed, € 50,000 for medium, 25,000 euros for small and 10,000 euros for very small businesses.

As highlighted: “The information we receive from the market converge in the view that fines are considered ‘extremely strict’ and ‘non -proportional’, especially for small, family or newly established businesses that do not have sufficient human resources and know -how, which often omit in GEMI. without fraud. It is clear that the proper functioning of the registry and transparency are critical parameters for the public economy and the solvency of transactions. However, this should not be achieved by punitive provisions that threaten the financial viability of businesses, especially at a time when business struggles to recover through successive crises and challenges.

The purpose of compliance cannot be financial extermination, but to actively participate in all business units in the institutional framework of transparency and accountability. Such a reform approach enhances confidence and strengthens the role of chambers as entrepreneurship support bodies. “

For the above reasons, it is proposed to review the frame on the basis of the following objective criteria:

  • Size and legal form: To differentiate the heights of the fines according to the number of staff, turnover and legal structure (eg SA, EIA, IKE, individual businesses). It is also proposed to establish a flexible framework for warnings and temporary exclusion from sanctions for small or newly established businesses.
  • Intention to comply and periodicity of infringement: Distinction between businesses violating by mistake or repeatedly. The former to be a warning or corrective regime, the latter to stronger sanctions.
  • Financial status: Launching weight on businesses with negative economic performance or in the midst of a crisis.
  • Procedure and Compliance Time: Extension of deadlines, establishment of intermediate warnings and the possibility of temporary sanctions of sanctions when the infringement is immediately corrected.