PK CONSULTING GROUP

newsletter Facebook Twitter Linkedin amea normal amea icon amea icon font increase icon font decrease icon




Thursday, 16 July 2020 09:59

Aim of the New Investment Law

Written by

The purpose of the law is to promote balanced development with respect for environmental resources, technological upgrades, the formation of a new extroverted national identity (branding), the improvement of competitiveness in areas of high added value and knowledge intensity, the movement to production for the production of more complex products, the offer of better services and finally the securing of a better position of the country in the International Division of Labor

Funding:  Rate  Up to 55% of the total budget

Submission Period per Investment Scheme:    

  • General entrepreneurship scheme: 21/05/2020 – 31/07/2020
  • Machinery and equipment scheme: 25/2/2019-30/09/2020
  • Very Small & Small Enterprises scheme: 21/05/2020 – 31/07/2020  

Aid Format :  

  • Taxexemptio
  • Cashgrant
  • Leasing subsidy
  • Subsidy for the cost of created employment

Eligible Sectors

  • Agriculture
  • Manufacture
  • Waste management and Recycling
  • Sea Water Desalination
  • Logistics (3PL)
  • Information and Communication
  • Tourism

CONTENTS OF INVESTMENT PLAN – INITIAL INVESTMENT

  • development of a new plant
  • capacity expansion of an existing plant
  • diversification of a plant’s production
  • substantial modification of the entire production procedure of an existing plant
  • acquisition of all assets of a closed plant

 Eligible Costs:

  • The construction, expansion or modernization of buildings, special and auxiliary facilities and special landscaping to the amount of up to 80% of the total eligible costs of the project
  • The purchase and installation of new machinery and equipment, including technical installations and vehicles that will be used within the area of acceding unit
  • Acquisition of all tangible assets of closed industrial units
  • Intangible assets (eg software, patents, royalties, etc.)
  • Quality Standards Systems and Certifications
  • Studies and consulting fees for new investment projects of SMEs
  • Estimated wage costs arising from job creation as a result of an initial investment, calculated over a period of two years
  • Energy and cost efficiency expenditure

Click here to download the Government Gazette of the Hellenic Republic

Last modified on Thursday, 16 July 2020 10:22