New Additions to the Development Law The Investment Center (Business Consultants - NSRP Consultants) provides complete and comprehensive support, from the first eligibility check, the estimation of the expected score (pre-assessment) as well as the preparation - submission of an excellent business plan which will yield the maximum possible score. With over 10 years of experience, we fully undertake the integration and support of businesses.
☆ More than 10 years of experience in Business Upgrade support ☆
☆NSRF Advisors: PEP, OAED, Tourism NSRF, D.M.A., Development Law☆
The high success rates in the recently sponsored programs are the guarantee of the excellent support from our office.
"Detailed Information on the "Manufacturing - Supply Chain" Regime"
⬢ Basic Entry Requirements
Beneficiaries of the aid in the Development Law are companies (existing, under formation, under merger) that are established or have a branch in Greek territory and have the form of a commercial company (AE, EPE, IKE, OE, EE).
The following forms are also eligible: Social Cooperative Enterprises (SOEs), Agricultural Cooperatives (AS), Producer Groups (PO), Agricultural Corporate Partnerships (AES), enterprises that operate in the form of a consortium with the condition of registration them in GEMI.
Sole Proprietorships are no longer eligible - except for minimal exceptions (eg Agricultural Product Processing/ Agri-Food Investment Projects with a maximum investment project of 200,000 Euros).
Applications must necessarily relate to one of the following:
- Create a new unit.
- Capacity expansion of an existing unit (certified by official data).
- Diversification of unit output into products or services not produced before.
- Fundamental change of the entire production process of an existing unit.
- Acquisition of all assets from a closed business establishment and the purchase is made by an investor unrelated to the seller.
In order to join a company, it is necessary that the subsidized project (purchase of machinery, payment of advances, etc.) has not started in advance, before the submission of the Application. Also, problematic companies, as well as those that have relocated to the place of investment where the subsidized project will take place in the last 2 years, are not included.
⬢ Eligible business types - Business Activity Codes
The productive sectors subsidized by the Investment Law in the "Processing - Supply Chain" regime include investment projects, which fall into the field of production and processing of products, processing of non-agricultural products, as well as logistics services.
Detailed Specialization of eligible Business Activity Codes is available here.
- The Manufacturing sector includes crafts, workshops, processing units, and businesses related to production and manufacturing, product processing or standardization units, bakeries, confectioneries, carpentry, meat processing units, bottling units, aluminum and iron units, etc.
- The Supply Chain sector includes storage units - logistics, transport services with supply chain management to third parties, etc.
In case of establishment, expansion, modernization of supply chain service units, a necessary condition, if they do not exist, is the implementation of investment projects for the installation and commissioning of integrated IT and communications - telematics systems, to support storage, loading and unloading and general management of materials - goods.
In the case of a group, the provision of services to companies of the same group cannot exceed 30% of the total services provided.
⬢ Subsidy Amount (New Map of Regional Aid) and how it is distributed
Subsidy rates (subsidy aid, tax exemption) vary according to the size of the business and according to the Region in which the investment plan is implemented. Investment projects start from a minimum amount of 100,000 EUROS (except for Cooperatives, COINSEP etc. where the minimum is 50,000 EUROS).
Small and very small enterprises are provided with all kinds of support, including the subsidy, while medium and large enterprises are provided with the incentives of tax exemption, leasing subsidy and wage cost subsidy (except subsidy).
Small businesses receive 80% of the aid of the above map when it comes to grant, except for certain "special categories" where they receive 100% of the aid of the above map. In the event that instead of a grant, a tax exemption is requested, then they receive 100% of the aid of the above map.
Medium and large enterprises get 80% of the above map boost when it comes to tax exemption, except for some "special categories" where they get 100% of the above map boost. No aid is provided in the form of a grant.
Special Categories of maximum aid (100%) of the Chart
In the following cases, the grant can reach the maximum subsidy percentage of the Chart (that is, 100% of the indicated percentages and not reduce them to 80%):
Investments implemented in the following areas:
- Mountainous areas, according to the EL.STAT categorization (except for the Municipal Units that are part of the urban complex of Athens),
- Border areas, i.e. areas at a distance of thirty (30) kilometers from the border,
- Island areas, i.e. islands with a population of less than three thousand one hundred (3,100) inhabitants.
- Areas affected by Natural Disasters.
In detail the regions of the Territories with the Maximum Percentages of Aid per Region.
Business investments concerning cases where:
- They are implemented in Industrial and Business Areas (B.E.P.E.), Business Parks (E.P.), excluding Business Parks of Intermediate Level of Organization (E.P.E.B.O.), Technology Parks and Innovators' Reception Pockets of Activities (THYKT.) and to Organized Receptors of Manufacturing and Business Activities (O.Y.M.E.D.) and do not concern the modernization or expansion of existing structures of the aided enterprise,
- They are implemented in buildings classified as preserved,
- They relate to the re-operation of industrial units, which have ceased operation. The value of the fixed equipment of the industrial unit, which is to be reopened, must cover at least fifty percent (50%) of the supported cost of the investment plan.
⬢ Subsidized Expenses
Almost all costs related to the construction/modernization/expansion of a facility/unit are eligible.
Indicative Subsidized Expenses:
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Construction, expansion, modernization of building facilities and surrounding area.
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Purchase of new machinery and other equipment, Technical Installations.
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Purchase of building and equipment for discontinued operations.
- Intangible costs (certifications, software systems, IT equipment, etc.)
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Special Expenses (excluding Regional Aid) with specific limitations:
- Consulting Services
- Remediation of contaminated sites
- Recycling and reuse of waste
- Vocational training
- Participation in Trade Fairs
- Leasing of new machines, which will be purchased at maturity.
- Technology transfer, licenses, patents, know-how.
- Wage cost of new jobs.
[SUBSIDIZED EXPENSES] and SPECIAL EXPENSES (excluding Regional Aid) in detail.
⬢ Minimum Investment Amount
The minimum eligible amount of an investment for the inclusion of investment projects in this aid scheme is defined based on the size of the organization, i.e.:
a. 1,000,000 euros for large companies,
b. 500,000 euros for medium-sized enterprises,
c. 250,000 euros for small businesses,
d. 100,000 euros for very small businesses,
e. 50,000 euros for Social Cooperative Enterprises (SOEs), as well as Agricultural Cooperatives (AS), Urban Cooperatives, Producer Groups (OP) and Agricultural Partnerships (A .E.S.).
