INVESTMENT INCENTIVES LAW (L4399/2016)
Statutory framework for the establishment of Private Investments Aid Schemes for the regional and economic development of the country.
Investment Incentives Law (L4399/2016)
No documentation is required to finance the private participation investment project when submitting a proposal.
The Legal Representative of the organization, may submit a letter of intent to obtain a loan, so there is no obligation to prove the entity’s private participation, nor the obligation to pre-authorize a loan by a bank when submitting the proposal.
Type of aid:
Wage subsidy (for jobs created)
Fixed corporate income tax rate
Financing instruments (capital participation, loan)
All the above forms of aid are provided individually or in combination depending on the law's aid schemes.
Beneficiaries of the aid are companies that are established or maintain a branch in Greece at the commencement date of the investment plan and fall under one of the following corporate types:
Social Cooperative Companies (SoCC)
Agricultural Cooperatives (AC),
(Producer groups (PG) and Agricultural Corporate Partnerships (ACP))
Companies in establishment or merger procedures,
provided that they have completed their publicity
procedures before the commencement date of the
Companies that operate as joint ventures, provided that
they are registered in the General Electronic Commercial
Public and municipal companies, and their subsidiaries
(in accordance with the limitations of Article 6)
Minimum investment amount for the project:
The minimum investment amount is determined by the size of the entity:
for large enterprises, in the amount of 500.000€,
for medium-sized enterprises, cooperatives and for clusters and clusters, in the amount of 250.000€,
for small businesses, in the amount of 150.000€,
for micro-enterprises, 100.000€,
for Social Cooperative Societies, Agricultural Cooperatives, Producer Groups, Rural Partnership, in the amount of 50.000€.
The submission deadlines for the first four investment schemes notified are:
General Entrepreneurship: until May 22, 2018
New Independent Media: From 04 April 2018 to 30 June 2018
Mechanical Equipment Aid: From 04 April 2018 to 15 December 2018, unless the budget of this scheme is exhausted earlier.
Ependysis Business Consultants can prepare you in the submission of the investment file, as well as to help you arrange the partners of the project.