{"id":20662,"date":"2023-09-21T11:16:06","date_gmt":"2023-09-21T08:16:06","guid":{"rendered":"https:\/\/www.key-bsi.gr\/development-law\/"},"modified":"2026-10-16T17:11:43","modified_gmt":"2026-10-16T14:11:43","slug":"development-law","status":"publish","type":"page","link":"https:\/\/www.key-bsi.gr\/en\/programs\/development-law\/","title":{"rendered":"Development Law"},"content":{"rendered":"\t\t
\n\t\t\t\t\t\t
\n\t\t\t\t\t\t
\n\t\t\t\t\t
\n\t\t\t
\n\t\t\t\t\t\t
\n\t\t\t\t\t\t
\n\t\t\t\t\t
\n\t\t\t
\n\t\t\t\t\t\t
\n\t\t\t\t
\n\t\t\t\t\t\t\t
\"key<\/div><\/div>
<\/div>

Agri-food \u2013 Primary Production and Processing of Agricultural Products \u2013 Fisheries \u2013 Aquaculture of the Law 4887\/2022.<\/a><\/h3><\/header><\/div><\/article>
\"key<\/div><\/div>
<\/div>

Scheme for Special Aid Areas<\/a><\/h3><\/header><\/div><\/article>
\"key<\/div><\/div>
<\/div>

Large Investment Regime<\/a><\/h3><\/header><\/div><\/article>
\"\"<\/div><\/div>
<\/div>

Manufacturing – Supply Chain<\/a><\/h3><\/header><\/div><\/article><\/div><\/div><\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t
\n\t\t\t\t\t\t
\n\t\t\t\t\t
\n\t\t\t
\n\t\t\t\t\t\t
\n\t\t\t\t\r\n\t\t
\r\n\t\t\t
<\/i><\/span><\/i><\/span><\/span>Beneficiaries<\/a><\/div>
\n

a. Commercial companies and sole proprietorships with a maximum eligible investment project cost <\/p>\n

b. Cooperatives, <\/p>\n

c. Social Cooperative Enterprises (Koins.S.Ep.), Agricultural Cooperatives (AS), Producer Groups (Om.P.), Producer Organizations (O.P.), Urban Cooperatives, Agricultural Corporate Partnerships (A.E.S.), <\/p>\n

d. Companies under formation or merger, with the obligation to have completed publicity procedures before the commencement of the investment project's operations, <\/p>\n

e. Joint ventures engaged in commercial activity, <\/p>\n

f. Public and municipal enterprises and their subsidiaries <\/p>\n<\/div>\n<\/div><\/div><\/div><\/div>

<\/i><\/span><\/i><\/span><\/span>Investment Project Amounts<\/a><\/div>
\n

a. (1,000,000) euros for large enterprises, <\/p>\n

b. (500,000) euros for medium-sized enterprises, <\/p>\n

c. (250,000) euros for small enterprises, <\/p>\n

d. (100,000) euros for very small enterprises, <\/p>\n

e. (50,000) euros for Social Cooperative Enterprises (Koins.S.Ep.), as well as Agricultural Cooperatives (AS), Urban Cooperatives, Producer Groups (Om.P.), Producer Organizations (O.P.), and Agricultural Corporate Partnerships (AES). <\/p>\n

The financial participation of each entity in the cost of the investment project may be covered either by own funds or by external financing, provided that twenty-five percent (25%)<\/strong> of its aided cost does not contain any state aid, public support, or provision.<\/p>\n<\/div>\n<\/div><\/div><\/div><\/div>

<\/i><\/span><\/i><\/span><\/span>Conditions<\/a><\/div>
\n

Investment projects for regional aid<\/strong>, which fall under the aid schemes of the Development Law, must have the integrated character of an initial investment<\/strong> and specifically meet one of the following conditions:<\/p>\n

a. Creation of a new unit, <\/p>\n

b. Expansion of the capacity of an existing unit, <\/p>\n

c. Diversification of a unit's production into products or services never before produced by it, provided that the eligible expenses exceed at least two hundred percent (200%) of the book value of the assets reused, as recorded in the tax year preceding the application for inclusion of the investment project, <\/p>\n

d. Fundamental change in the overall production process of an existing unit. For large enterprises, it is also required that the eligible investment expenses exceed the depreciation of assets related to the activity to be modernized, which occurred during the three (3) preceding tax years. If the depreciation related to the activity is not clearly reflected, the above condition is considered not to be met. <\/p>\n<\/div>\n<\/div><\/div><\/div><\/div>

<\/i><\/span><\/i><\/span><\/span>Types of Aid<\/a><\/div>
\n

The following types of aid are provided for investment projects falling under the aid schemes of the Development Law:<\/p>\n

a. Tax exemption<\/strong>, which consists of exemption from income tax payment on pre-tax profits, arising based on the relevant tax legislation, from all activities of the enterprise, minus the tax of the legal person or legal entity corresponding to the profits distributed or taken by the partners. The amount of the tax exemption is calculated as a percentage of the value of the aided expenses of the investment project or the value of new machinery and other equipment acquired through financial leasing (leasing) and constitutes an equivalent reserve, which is kept in a separate account in their financial statements. <\/p>\n

b. Grant<\/strong>, which consists of a free provision by the State of a monetary amount to cover part of the eligible expenses of the investment project and is determined as a percentage thereof.<\/p>\n

c. Financial leasing subsidy (leasing)<\/strong>, which consists of the State covering part of the financial leasing (leasing) installments paid, which is concluded for the acquisition of new machinery and other equipment, is determined as a percentage of their acquisition value and is included in the paid installments. The financial leasing (leasing) subsidy cannot exceed seven (7) years, and the deadline starts from the date of completion of the investment. <\/p>\n

d. Subsidy for the cost of created employment<\/strong>, which consists of the State covering part of the wage cost of new jobs created and linked to the investment project, for which no other state aid is received.
e. Business risk financing,<\/strong> refers to the \"New Entrepreneurship\"<\/strong> scheme, which consists of interest rate subsidies for reduced-collateral loans or insurance costs for high-risk loans paid to the credit institutions that grant them.<\/p>\n<\/div>\n<\/div><\/div><\/div><\/div><\/div>\t\t\t\r\n\t\t<\/div>\r\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<\/div>\n\t\t","protected":false},"excerpt":{"rendered":"

Beneficiaries a. Commercial companies and sole proprietorships with a maximum eligible investment project cost b. Cooperatives, c. Social Cooperative Enterprises (Koins.S.Ep.), Agricultural Cooperatives (AS), Producer Groups (Om.P.), Producer Organizations (O.P.), Urban Cooperatives, Agricultural Corporate Partnerships (A.E.S.), d. Companies under formation or merger, with the obligation to have completed publicity procedures before the commencement of the<\/p>\n","protected":false},"author":1,"featured_media":0,"parent":20693,"menu_order":0,"comment_status":"closed","ping_status":"closed","template":"","meta":{"_acf_changed":false,"_seopress_titles_title":"Development Law, Development Programs | Key-BSI","_seopress_titles_desc":"Development law, development programs. Key BSI","_seopress_robots_index":"","_seopress_robots_follow":"","_seopress_robots_imageindex":"","_seopress_robots_snippet":"","_seopress_robots_primary_cat":"","_seopress_robots_breadcrumbs":"","_seopress_robots_freeze_modified_date":"","_seopress_robots_custom_modified_date":"","_seopress_robots_canonical":"","_seopress_social_fb_title":"","_seopress_social_fb_desc":"","_seopress_social_fb_img":"","_seopress_social_fb_img_attachment_id":0,"_seopress_social_fb_img_width":0,"_seopress_social_fb_img_height":0,"_seopress_social_twitter_title":"","_seopress_social_twitter_desc":"","_seopress_social_twitter_img":"","_seopress_social_twitter_img_attachment_id":0,"_seopress_social_twitter_img_width":0,"_seopress_social_twitter_img_height":0,"_seopress_redirections_value":"","_seopress_redirections_enabled":"","_seopress_redirections_enabled_regex":"","_seopress_redirections_logged_status":"both","_seopress_redirections_param":"","_seopress_redirections_type":301,"_seopress_analysis_target_kw":"","inline_featured_image":false,"footnotes":""},"class_list":["post-20662","page","type-page","status-publish"],"acf":[],"_links":{"self":[{"href":"https:\/\/www.key-bsi.gr\/en\/wp-json\/wp\/v2\/pages\/20662","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.key-bsi.gr\/en\/wp-json\/wp\/v2\/pages"}],"about":[{"href":"https:\/\/www.key-bsi.gr\/en\/wp-json\/wp\/v2\/types\/page"}],"author":[{"embeddable":true,"href":"https:\/\/www.key-bsi.gr\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.key-bsi.gr\/en\/wp-json\/wp\/v2\/comments?post=20662"}],"version-history":[{"count":3,"href":"https:\/\/www.key-bsi.gr\/en\/wp-json\/wp\/v2\/pages\/20662\/revisions"}],"predecessor-version":[{"id":21019,"href":"https:\/\/www.key-bsi.gr\/en\/wp-json\/wp\/v2\/pages\/20662\/revisions\/21019"}],"up":[{"embeddable":true,"href":"https:\/\/www.key-bsi.gr\/en\/wp-json\/wp\/v2\/pages\/20693"}],"wp:attachment":[{"href":"https:\/\/www.key-bsi.gr\/en\/wp-json\/wp\/v2\/media?parent=20662"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}