Subsidized Projects In Greece – Investment Law N. 4399/2016

General requirements of eligibility The law introduced a variety of incentives in order to achieve economic development and attract foreign investments in Greece. The main goal of the Law is to support existing companies, create new innovative businesses and support less developed geographic areas or geographic areas with a high migratory flow. The law covers investment projects that relate to a vast majority of economic sectors.

Investment projects subject to the provisions of the Incentives Law are banned from other aid schemes, unless an exemption is expressly stated by the law. The total budget for the year 2016 is 150.000.000 euros.

The aid beneficiary may participate to the cost of the investment project either through own funds or external financing provided that at least 25% of the total investment cost does not contain any state funding or state support.