New Development Law (4399/2016)

Eligible costs:

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A. Tangible assets :

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1.   Construction, expansion, modernization of building facilities and special and auxiliary facilities of buildings and the configuration of the surrounding area. In total, they may not exceed 45% of the total eligible costs. For investment projects in the tourism sector the rate is set at 60% for building costs, while for investments in the Logistics sector also at 70% for the building costs of these investment projects. Finally, for buildings that are classified as preservable, this rate is 80%.

2.   Purchase of all existing fixed assets, for SMEs, under certain conditions.

3.   Purchase and installation of new modern machinery and other equipment, technical installations and means of transportation.

4.   Leases of financial leasing of new modern machinery and other equipment

5.   Special & mechanical installations

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B. Intangible assets

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1.   Technology transfer, intellectual property rights acquisition, licenses, patents, know-how and non-proprietary technical knowledge

2. Quality assurance systems, certifications, software procurement and installation and business organization systems

3. For Large Enterprises the eligible costs for intangible assets may not exceed 50% of the total eligible costs and for SMEs 75%.

4. Wage cost

    Conditions for increasing salary costs

• Mandatory net increase in the number of Annual Work Units (EMUs) compared to the EMUs of the previous twelve months from the date of application

• the vacancies must be filled within 3 years from the date of completion and start of production operation

• Mandatory retention of jobs for 3 years after filling for SMEs and for 5 years for Large Enterprises  with regard to General Entrepreneurship schemes and  of New Independent Media

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Other categories of expenses

1. Expenditure on Consulting Services relating only to new SMEs (not more than seven years have elapsed since their establishment). Expenditures are supported for the monitoring of the implementation of the investment plan, for the support in the licensing, in matters of financing of the investment plan, organization and management studies, market researches etc.

2. Start-up costs only for small and very small start-ups. They relate to expenses for starting a business, such as legal and accounting services, organizational studies, etc.

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Special categories of aid:

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1. FORM / PERFORMANCE CRITERIA

   • Extroverts: small and medium, increased extroversion  their  > 10%  (ie ratio of value of their exports to their turnover)

  the  last 3 years before the application for membership,  > 5% to> 70% (exports to turnover),

   • Innovative: small and medium, with research and development costs  > 10% of their total operating expenses,

  for at least 1 year out of the last 3  before submitting the application for membership,  

   • Independent small and medium enterprises that proceed to a merger process after the date of publication of this law,  

   • Companies that show an increase in their employment> 10% in the last 3 years before applying for membership,

   • Cooperatives, Social Cooperative Enterprises (Koin.S.Ep.) as well as Producer Groups and Agricultural Partnerships,

   • Information Communication Technology (ICT) and Agri-Food sectors

   • Companies that achieve increased added value, relative to the average of their industry

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​   2.​  GEOGRAPHICAL CRITERIA

   • Companies, whose investment plan is implemented in organized receivers

  (Industrial and Business Areas, Business Parks etc) and do not relate to

  modernization or expansion of existing structures  of the assisted company,

   • Companies whose investment plan is implemented in Special Areas:

  (453 Municipal Units. 43.8% of the total, 19.5%   of  total permanent population of the country)

    a. mountainous

    b. borders: distance 30 km from the border, as well as the islands of the North Aegean Region, the island of Samothrace in the Prefecture   Evros and the Prefecture of Dodecanese,

    c. islands with a population of less than 3,100 inhabitants

   d. areas with a decrease in permanent population> 30%, period 2001-2011

   e. companies whose investment plan is implemented in areas with particularly high migration flows and in particular:

  Agathonisi,  Kalymnos, Kastelorizo, Kos, Leros, Lesvos, Samos, Symi, Chios.

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See more about them by clicking the image below.  

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