Beneficiaries of the Action:

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Beneficiaries, who may receive public funding under this

action, are productive enterprises, operating exclusively with one of the

the following types of corporate / commercial enterprise: Societe Anonyme,

Limited Liability Company, Limited Liability Company, Limited Liability Company, PC,

Individual Business, Cooperative, Social Cooperative Business

of Law 4019/2011 (COINSEP), Marine Recreational Shipping Company (NEPA).

For the needs of the Action as a date of establishment / establishment of a company is understood

the date of commencement of activity, as recorded in the relevant

Certificate of Commencement of Activity of the relevant Tax Office.

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Investment Plans & Support

Investment plans from 50,000  up to 300,000 euros.  

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In the present action the public financing amounts to 60% and the private participation to 40%.

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Basic Conditions for Participation

   Businesses should:  

• has the status of Small and Medium Enterprise according to the Definition of SMEs

• to have an investment KAD that falls under  in the Activity Code Numbers (KAD), as presented in detail in the Annex "Table of Eligible KAD"

• The investment plan to be implemented exclusively in the North Aegean Region

• To have an installation in the North Aegean Region and until 31/12/2018 to have at least one closed administrative use.

• The private participation of the company in the investment plan should not exceed 50% of the average turnover for the last three (3) years, as it results from its published balance sheets or equivalent financial data.

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Subsidized Expenses

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• Costs for investments in assets

  • ​ Investments in building installations

  • Machinery - equipment

  • Intangible assets

  • Technological upgrade through the increase of ICT use

• ​ Consultant agency

• Aid for participation in trade fairs ​

• ​ Innovation Aid

  • ​ Expenditure on intangible assets

  • Expenditure on innovation services

  • Knowledge and patents

• ​ Staff costs (Salary costs of new staff)

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Expenditures incurred from the date of issuance of this invitation, ie 05/12/2019 are eligible.

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