The aid scheme governed by the present law shall not apply, in terms of regional aid, to the following branches exempted from the scope of the General Block Exemption Regulation, viz.: the steel sector, the synthetic fibres sector, the coal sector and the shipbuilding sector.

Further, the aid scheme of the Investment Incentives Law shall not apply to investment plans of public corporations - organisations or their subsidiaries and firms in difficulty or on State aid for rescuing and restructuring.

The aid scheme of the Investment Incentives Law shall not apply for the following industries and branches of economic activity, as defined on the basis of the 'National Nomenclature of Economic Activities - Activity Code Numbers 2008', as amended by POL 1086/2009, viz.:

ACN/2008 DESCRIPTION OF ACTIVITY
35.11.10.09
  Production of electricity from photovoltaic systems
41  Construction of buildings
42  Civil engineering, with the exception of the construction of coastal and port works and construction works for coastal and port structures
43  Specialised construction activities
45  Wholesale and retail trade and repair of motor vehicles and motorcycles
46  Wholesale trade, except motor vehicles and motorcycles
47  Retail trade, except motor vehicles and motorcycles
56  Food and beverage service activities
60  Programming and broadcasting activities
64  Financial service activities
65  Insurance, reinsurance and pension funding, except compulsory social security
66  Activities auxiliary to financial services and insurance activities
68  Real estate activities
69  Legal and accounting activities
70  Head office activities, consultancy service activities
71  Architectural and engineering activities and activities by engineers - technical testing and analysis
73  Advertising and market research
75  Veterinary activities
77  Rental and leasing activities
78  Employment activities
79  Activities of travel agencies, tour organisers and travel reservation services and related activities
80  Security and investigation activities
81  Provision of services to buildings and outdoor spaces
84  Public administration and defence - compulsory social security
85  Education
86  Human health activities
88  Social work activities without accommodation
90  Creative activities, arts and entertainment
92  Gambling and betting activities
93  Sporting activities and recreational and leisure activities
94  Organisations membership activities
96  Other personal service activities
97  Activities of households as employers of domestic personnel
98  households activities concerning the production of non distinct goods- and services- for own use
99  Activities of extraterritorial organisations and bodies

 

INVESTMENT INCENTIVES LAW

3908/2011

 

 

Aid for Private Investment to promote Economic Growth, Entrepreneurship and Regional Cohesion

SUBMISSION PERIOD

2 time periods per year April and October

FUNDING PERCEMTAGE

From 15% to 50%

TYPES OF INCENTIVES

  • Subsidy.
  • Leasing subsidy.
  • Tax relief
  • Loans by National Fund for Entrepreneurship and Development (ETEAN)

MINIMUM INVESTMENT

  • Large enterprises €1,000,000
  • Medium-sized enterprises € 500,000
  • Small enterprises € 300,000
  • Micro enterprises € 200,000

SUBSIDISED EXPENDITURE

  • Tangible Assets
  • Intangible Assets
  • Rerearch Development Innovation

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