The Ministry of Economy and Development announces the extension of the submission of applications for the inclusion of investment plans until January 30, 2017, in the two schemes of the Development Law 4399/2016, "General Entrepreneurship" and "New Independent SMEs".

Electronic documentation can be submitted until 20 February 2017.

Content of the investment project

-Δημιουργία νέας μονάδας
-Capacity expansion of an existing plant
-Diversification of the production of a unit into products or services that have never been produced in it
-Fundamental change of the entire production process
-Acquisition of assets of a unit that has ceased operations

Amount of subsidy

Under this notice, aid of up to 55% is foreseen, based on the Regional Aid Map, depending on the size of the enterprise and the area of establishment.

Types of aid for the extension of applications for membership

-Tax exemption
-Subsidy
-Leasing subsidy
-Subsidization of the cost of created employment

Limitation on the incentive of the grant and/or leasing:
Existing businesses, which were established 7 years ago, in order to be able to receive a grant or leasing subsidy, must have shown profits before tax for at least one financial year.