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

CONTACT US

contact sympan business consultants

We remain at your disposal for any further information you may require and want to discuss with us, and available to recommend the best solution for your business

CONTACT US

TIME TO GET INFORMED!

Get informed on time about funding opportunities in Greece stay informed ESPA

 

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
Go to top
Copyright © 2019 SYMPAN Ltd | Business Consultants Greece Athens Thessaloniki