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.
For 2022 the maximum aid intensity will reach up to 70% of the eligible budget, 25% higher than the current aid intensity*.
*The maximum aid intensity depends on the geographical area where the investment will be applied.
For more information on the current on the available aids under the Investment Incentives Law, please contact VK PREMIUM on the bellow form:
* The fields with * are required.
The submissions of the Greek Development Law 4399/2016 concern three regimes:
With total budget of 525 million euros, the regimes “General Entrepreneurship”, “Entrepreneurship for Very Small and Small Enterprises” and “Mechanical Equipment”, include tax exemptions or subsidies.
A variety of business sectors can be granted & subsidized up to 70% 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: