Greece: Google Greece
Overview
Google’s local corporate entity in Greece is GOOGLE ΕΛΛΑΣ ΕΦΑΡΜΟΓΕΣ ΔΙΑΔΙΚΤΥΟΥ ΜΟΝΟΠΡΟΣΩΠΗ ΕΠΕ, trading as Google Greece. The company is registered in the General Commercial Registry, ΓΕΜΗ, under number 007568401000. It is a Μονοπρόσωπη Εταιρεία Περιορισμένης Ευθύνης / single-member limited liability company and is classified as a medium-sized entity under Greek Accounting Standards, Law 4308/2014.
The company was founded on 25 May 2007 in Athens. Its registered office is Fragoklissias 6, Maroussi, Attica, 151 25, Greece. The FY2024 financial statements were approved for publication by the manager on 12 December 2025 and audited by Ernst & Young Ελλάς, which issued a qualified opinion related to open tax years.
Google Greece is a commercial support, marketing and contracted research-and-development services company. It is not the Greek operator of Google Search, YouTube, Google Ads, Google Cloud or Google’s core platform infrastructure. It is also not a data-centre operator.
Ownership and group status
Google Greece is wholly owned by Google International LLC, a company domiciled in Delaware, United States, which is the company’s sole member. The company is included in the consolidated accounts of Alphabet Inc., Mountain View, California, United States.
The company’s share capital is €25,179,210, divided into 839,307 company units with a nominal value of €30 each. All units are held by Google International LLC.
Leadership
The legal representative and manager of Google Greece is Paul Terence Manicle. The FY2024 financial statements are signed by Paul Terence Manicle as the company’s legal representative.
Business model
Google Greece operates through intra-group service arrangements. Its main activity is the provision of support and marketing services to Google group companies. Revenue from those services is billed to group companies at cost plus an 8% margin. The company also provides research-and-development services in Greece under an agreement with Google LLC, billed at cost plus a 10% margin.
The company’s FY2024 revenue came primarily from services provided to Google Ireland Limited, Google Cloud EMEA Limited and Google LLC. The company states that it does not conduct independent research-and-development activities of its own; its R&D-related income reflects contracted services provided to Google LLC.
Consumer, data and cloud-contracting structure
Google Greece is not the contracting entity for Greek users of Google’s consumer services. In the European Economic Area and Switzerland, Google’s consumer services are generally provided by and contracted with Google Ireland Limited.
For Google Cloud, Greece falls under Google’s EMEA contracting structure, where Google Cloud EMEA Limited is the contracting entity for EMEA, except France, Italy and Poland, unless otherwise agreed.
Infrastructure context
Google Greece is not a data-centre operator. Google’s separate cloud-region investment in Greece, announced in September 2022, is distinct from the activities and financial statements of Google Greece. The Greek government described the Google Cloud Region investment as expected to contribute around €2.2bn to the Greek economy and support more than 19,400 jobs by 2030.
This cloud-region plan is Google’s own cloud infrastructure investment. It should not be described as a joint project with Microsoft or Amazon Web Services, which have pursued separate cloud or data-centre investments in Greece.
Google Greece key financial data
Data in €, audited under Greek Accounting Standards, Law 4308/2014
| Indicator | FY2024 | FY2023 |
|---|---|---|
| Turnover / κύκλος εργασιών | 14,355,654 | 15,846,498 |
| Profit before tax | 570,176 | 632,549 |
| Income tax | -419,896 | -362,966 |
| Net profit after tax | 150,280 | 269,583 |
| Total assets | 64,675,845 | 65,296,114 |
| Equity | 29,098,452 | 28,948,172 |
| Total liabilities | 35,455,583 | 36,236,942 |
| Employees, year-end | 41 | 44 |
Latest financial snapshot
FY2024
| Indicator | Value |
| Turnover / κύκλος εργασιών | €14,355,654 |
| Net profit after tax | €150,280 |
| Profit before tax | €570,176 |
| EBITDA | €1,514,583 |
| Total assets | €64,675,845 |
| Equity | €29,098,452 |
| Total liabilities | €35,455,583 |
| Long-term receivable from Greek State | €53,010,300 |
| Loan from Google Ireland Limited | €30,000,000 |
| Cash and cash equivalents | €1,848,475 |
| Employees, year-end | 41 |
The FY2024 figures are taken from Google Greece’s audited annual financial statements approved on 12 December 2025. Turnover declined from €15.85m in 2023 to €14.36m in 2024. The company states that the decline reflected lower operating costs re-billed to Google group companies under its intra-group cost-plus arrangements. Two structural items shape the company’s balance sheet. First, total assets include a €53.01m long-term receivable from the Greek State. This represents prepayments made to Greek tax authorities while the company contests a tax assessment relating to financial years 2010 to 2012. No decision had been issued in that case by the reporting date. Second, liabilities include a €30m loan from Google Ireland Limited, originally entered into in 2017 and repeatedly extended. A January 2025 amendment extended the repayment date to 31 December 2026 and set the interest rate at 2.19%, leading the loan to be reclassified from short-term to long-term liabilities in 2024.