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New Development Law (4399/2016)

No documentation of the financing of the same participation of the investment plan is required during the submission of the proposal.

Investment Law Information 4399/2016

Duration of Submissions:

The submission period for the first four investment plan schemes announced is:

  • New Independent Media: Up to 31st  March 2021

  • Mechanical Equipment Aid: Up to 30th  September 2021,  provided that the budget of this scheme is not exhausted earlier.

A letter from the Legal Representative of the institution can be submitted for the intention to take a loan and therefore there is no obligation to prove the institution's own participation, nor an obligation to pre-approve a loan from a bank when submitting the proposal.

Types of Aid:

  • Subsidy

  • Leasing subsidy

  • Tax exemption

  • Subsidizing the cost of employment created

  • Stabilization of income tax rate

  • Business risk financing through participation funds

  • All the above forms of aid are provided individually or in combination depending on the aid schemes of the laws.

Eligible players:

Eligible are companies that are located or have a branch in Greece  and have one of the following forms: sole proprietorship, commercial company, cooperative, social cooperative enterprises, Agricultural cooperatives, Producer Groups, Agricultural partnerships of Law 4384/2016, companies under establishment or merger, with the obligation to have complete the publicity procedures before the start of work of the investment plan, companies that operate in the form of a consortium with the condition of their registration in GEMI, public or municipal companies under conditions.

Minimum amount of investment plans:

The minimum eligible amount of the investment for the inclusion of investment projects in this aid scheme is determined on the basis of the size of the entity, ie:
a. for large companies, in the amount of five hundred thousand (500,000) euros,

b. for medium-sized enterprises and cooperatives in the amount of two hundred and fifty thousand (250,000) euros,

c. for small enterprises, in the amount of one hundred and fifty thousand (150,000) euros,

d. for very small enterprises, in the amount of one hundred thousand (100,000) euros,

e. for cooperatives, in the amount of fifty thousand (50,000) euros.

Own participation:

The participation of the entity in the cost of the investment plan can be done either through own funds or with external financing , provided that 25% of the total investment cost does not contain any state aid, support or provision.

Map of Regional Aid / Aid Rates
Χάρτης Περιφερειακών Ενισχύσεων Αναπτυξιακού

Eligible costs:

A. Tangible assets :

  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

B. Intangible assets

  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

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.

Special categories of aid:


   • 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


   • 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.

See more about them by clicking the image below.  



    THE  Ependysis Business Consultants , with executives who have previously evaluated and not only submitted NSRF investment proposals, can successfully undertake the submission as well as the monitoring of your investment plan.


    For more information call the company phones: 2112155988 or  .

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