Development Law 4399/2016

The Development Law 4399/2016 "Institutional framework for establishing Private Investment Aid schemes for the country's regional and economic development - Establishing the Development Council and other provisions" aims to promote:

  • the balanced development with respect to the environment resources,
  • technological upgrading,
  • form a new extrovert national identity,
  • improve competitiveness in high value-added and knowledge-intensive sectors,
  • shift the value in the production chain for the production of more complex products,
  • offer better services,
  • attract Foreign Direct Investments (FDI), and
  • ensure better positioning of the country in the International Division of Labour.
 
The achievement of these objectives is pursued by the aids of Law 4399/2016, through the schemes provided for in the Special Part hereof:
 
1) Aid for Mechanical Equipment (Articles 32-36). Decision of Notice Gov. Gaz. 3380/19.10.2016, Vol. B.  More info on application procedures in Funds4U.
 
2) General Entrepreneurship (Articles 37-41). Decision of Notice Gov. Gaz. 3378/19.10.2016, Vol. B. More info on application procedures in Funds4U.
 
3) New Independent SMEs (Articles 42-46). Decision of Notice Gov. Gaz. 3377/19.10.2016, Vol. B. More info on application procedures in Funds4U.
 
4) Innovation-related Aid for SMEs (Articles 47-51)
 
5) Synergies and Networking (Articles 52-58)
 
6) Financial Intermediary - Funds (Articles 59-61)
 
7) Integrated Territorial and Sectoral Projects (Articles 62-64)
 
8) Large Investments (Articles 65-69). Decision of Notice Gov. Gaz. 3379/19.10.2016, Vol. B. More info on application procedures in Funds4U.
 
Visit the official website of the Ministry for more info, updated legislation and support material.
 
Communication with the competent authority:

General Directorate for Private Investments
Korai 4 (6th floor), Athens
Email: infodesk@mnec.gr
Tel: +30 210 3258800 - 804

General Secretariat for Strategic and Private Investments
Nikis 5-7, 10180, Athens
Tel: +30 210 3332544
Fax: +30 210 3332347
Email: ggse@mnec.gr

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