Greek Investment Law offers aid intensity up to 70% of the eligible budjet
Considerable tax exemptions & grants by the Greek state could receive enterprises utilizing the Investment Incentives Law, for investments to establish or further modernize their business facilities in Greece.
The new Incentive Law focuses on promoting the digital and technological transformation of businesses, the green transition, the creation of economies of scale, the support of innovative investments and the improvement of competitiveness in vital sectors of the Greek economy.
Type of aid
Tax exemptions
Cash grants
Leasing subsidies
Subsidy of the cost of new employment
Business risk financing
Minimum investment amount of business plans
Very small sized companies: 100.000 €
Small sized companies: 250.000 €
Medium sized companies: 500.000 €
Large sized companies: 1.000.000 €
Aid percentages
The amount of aid provided to each investment project depends on the size of the qualifying enterprise (investment vehicle) and on the prefecture where the investment plan is implemented.
The maximum aid intensity reaches up to 70% of the eligible budget.
Maximum amount of eligible investment: € 10.000.000
* The fields with * are required.
Aid percentages per Greek Region
Indicative sectors that can be included in the aid schemes of Greek Investment Law
Tourism
Establishment or expansion of 4*hotels and above
Modernization of 3* hotels and above
Establishment or expansion or modernization of 3* camping and above
Metal products, machinery and equipment manufacturing
Paints and coatings industry
Rubber products and plastics manufacturing
Chemicals manufacturing
Pharmaceuticals, cosmeceuticals & personal care
Paper making and paper products manufacturing
Sports – Health
Football and basketball Fields (4 × 4, 5 × 5 etc.), tennis courts, etc.
Swimming pools
Recovery and rehabilitation centers
Media
Creation of permanent studios for the production of movies, videos, television programs and recordings
Warehouse – Distribution
Transportation services – supply chain management to third parties (logistics)
Pharma
Production of basic pharmaceutical products and pharmaceutical preparations
Processing units for finished medical cannabis products
Primary sector
All types of cultivation and systems of crop production
Livestock facilities, livestock, pig, sheep and poultry farms
Fishing kai aquaculture
Energy
Hydroelectric power stations up to 15 MW
Production of heat and cooling from renewable energy sources
Sustainable fuels production
Eligible investment projects
The State subsidies relate to investment projects falling within one of the following 13 categories:
1) Digital and technological transformation of enterprises 2) Green transition Environmental upgrading of enterprises 3) New Business 4) Fair Development Regime 5) Research and applied innovation 6) Agri-sustenance primary production and processing of agricultural products, fisheries and aquaculture 7) Manufacturing Supply Chain 8) Business Extroversion 9) Boosting Tourism Investments 10) Alternative Tourism 11) Large Investments 12) European Value Chains 13) Entrepreneurship 360o
Eligible expenses The most important provisions are the following:
Construction, expansion and modernization of buildings, of special and auxiliary facilities and the cost of landscaping.
The purchase and installation of modern machinery and equipment.
New leasing rentals of brand new machinery and other essential equipment. The equipment can also be acquired, if the lease includes an obligation to purchase these at the end of the lease.
Intangible assets, such as spending quality assurance and quality control, certification, supply and installation of low interest ware and system organization of the business spending on technology transfer through the purchase of intellectual property, licensing, patents, know-how or unpatented technical knowledge etc.
Wage cost of new jobs created as a result of the implementation of the investment project (it is calculated for 2 years from each hiring and it is an eligible expense only independently and not combined with the above cases)
VK PREMIUM Business Growth Consultants has many years of experience and specialization in submitting applications for grants and subsidies, with almost 100% success in the respective approvals.
For further information please contact us at: info@vkpremium.com or call us: + 30 210 6835560