FOUNDATION-LEGAL STATUS

MEDITERRANEAN INSTITUTE FOR EDUCATION S.C.C is a Social Cooperative Company of Collective & Social Benefit, a Civil Cooperative Company of Limited Purpose, in the framework of the Social and Solidarity Economy and Development, in accordance with the provisions of Law 4430/2016 for the Social and Solidarity Economy and Development, with a statutory establishment on the 11th of May of the year 2016. The Institute is a legal entity under private law, with limited liability of its members, has commercial status and for-profit character, registered in the General Register for Institutions of Social and Solidarity Economy under the Greek Law 4430/2016.

NAME: MEDITERRANEAN INSTITUTE FOR EDUCATION-SOCIAL COOPERATIVE COMPANY FOR THE COLLECTIVE AND SOCIAL BENEFIT, MEDITERRANEAN INSTITUTE FOR EDUCATION S.C.C. (MIE-SCC).

DISTINCTIVE TITLE: MEDITERRANEAN INSTITUTE FOR EDUCATION S.C.C.

VAT: 996845636 Heraklion, Crete, Greece

Social Entrepreneurship Registration Number (AGEMKO): 000175903101 

Legal Entity of European Union (PIC number):

MAIN ACTIVITY

82301102 Organizing services for scientific and cultural events

SECONDARY ACTIVITIES

85591904Correspondence education services
85591902Teaching services (presentations) in training seminars
85591301Services for conducting training seminars for business executives
82301100Congress organization services
72202000Research and experimental development services in the humanities
72191903Oceanography research services
72191501Environmental research services
70221504Work method organization consulting services
70221401Business human resource development services
47916200Retail sale of newspapers and magazines, by mail or online
47916100Retail of books, by mail or online

EUROPEAN UNION: Mediterranean Institute for Education S.C.C carries out intra-EU Community Transactions 

RESOURCES

According to the Law 4430/2016 for the Social and Solidarity Economy and Development, the resources of the Cooperative are the founding capital and the capital that results from the disposal of new cooperative shares, from the exercise of its activities and the exploitation of its assets. Revenues may come from grants from the Public Investment Program, the European Union, international and national organizations, Grade b Local Government Organizations and revenues from other programs, bequests, third-party donations, subscriptions, grants and use of assets. The profits of the Cooperative are not distributed to its members, unless these members are also employees but are allocated annually at a rate of 5% for the formation of a regular reserve, at a rate of 35% are distributed to employees of the company and the rest is used to create new jobs and the general expansion of its productive activity. 

The members of the Social Cooperative Companies, according the Greek Law, provide unpaid services and collaborate with others who provide voluntary and unpaid work to serve its purposes. The General Assembly of the members is the supreme body of the Cooperative which decides on every case concerning the Cooperative. Given the Greek and international financial situation, which causes significant problems in the private sector, we work with people who offer volunteer work and support the design and implementation of our projects. The operating costs of the company are covered by the low fees of the events.