The Greek Investment Incentive Law is a powerful tool used by the majority of investors to facilitate their business plans.
In simple terms, enterprises that fall under the Investment Incentives Law, and which fulfill the requirements determined by it, can apply to the Ministry of industry & development and receive considerable cash grants, subsidies or tax exemption from the state, so they can start or further develop their business activities in Greece.
UPDATE: The new round for submissions is open until 31/07/2020 under the Greek Development Law 4399/2016, with aid rates of up to 55%.
For more information on the current on the available aids under the Investment Incentives Law, please contact VK PREMIUM on the bellow form:
The new round of submissions of the Greek Development Law 4399/2016 concerns two regimes:
The “General Entrepreneurship” regime with total budget of 150 million euros, which includes tax exemptions or subsidies, and the “Entrepreneurship for Very Small and Small Enterprises” regime with a budget of 350 million euros.
A variety of business sectors can be granted & subsidized up to 55% under the Greek Investment Incentives Law such as pharmaceuticals, tourism, industrial facilities and investments in medical cannabis.
Key objectives of the law include the:
The law offers opportunities for businesses in the form of the following fundamental pillars: