Investment Law 3908/2011: Status of Technological Development

The Status of Technological Development under the new Investment Law is about investments in technological modernisation of businesses by implementing technological and organisational novelties, such as quality assurance and control systems, energy-saving technology, R&D projects and projects aimed to make good use of specialised scientific staff.

Within this particular status all sets of incentives are provided.

In particular:

  • Paid grant and/or leasing subsidy 80% of the amount shown in the table of aids for existing enterprises
  • Paid grant and/or leasings ubsidy 90% of the amount shown in the table of aids to new enterprises
  • The remaining percentage, 20% and 10% respectively, up to the limit quoted in the table shall be made up by aid in the form of tax relief.

The minimum amount of investment required for the status of Technological Development is:

  • For large enterprises an investment of at least 1,000,000 Euros
  • For medium-sized enterprises a minimum investment of 500,000 Euros
  • For small enterprises an investment of at least 300,000 Euros
  • For micro enterprises an investment of at least 200,000 Euros.

Business activities under the above mentioned:

For 2011 the following business activities are applicable for investment plans under the status of Technological Development (based on the "National Nomenclature of Economic Activities-Activity Code Numbers– NACE2008)

 

a.   Inmanufacturing:

10 Food industry

11 Beverages

12 Manufacture of tobacco products

13 Manufacture of textiles

14 Manufacture of wearing apparel

15 Manufacture of leather and related products

16 Manufacture of wood and of products of wood and cork, except furniture. Manufacture of articles of straw and plaiting materials

17 Manufacture of paper and paper products

18 Printing and reproduction of recorded media

19 Manufacture of coke and refined petroleum products

20 Manufacture of chemicals and chemical products

21 Manufacture of basic pharmaceutical products and pharmaceutical preparations

22 Manufacture of rubber and plastic products

23 Manufacture of other non-metallic mineral products

24 Manufacture of basic metals

25 Manufacture of fabricated metal products, except machinery and equipment

26 Manufacture of computer, electronic and optical products

27 Manufacture of electrical equipment

28 Manufacture of machinery and equipment n.e.c.

29 Manufacture of motor vehicles, trailers and semi-trailers

30 Manufacture of other transport equipment

31 Manufacture of furniture

32 Other manufacturing.

 

b.   In water supply- sewage treatment, waste management and remediation activities:

36.00.20.01 Sea-water desalination services

37.00.11.01 Waste water treatment services

38.12 Collection of hazardous waste

38.2 Waste treatment and disposal

38.3 Materials recovery

39 Remediation activities and other waste management services.

 

c. In information and communication:

58.2 Software publishing

62.01 Computer programming activities

63.11.11 Data processing services.

 

d. In occupational, scientific and technical activities:

72.1 Research and experimental development on natural sciences and engineering.

Total Budget

140000000
Submission Period: 
Monday, 1 October, 2012 - 06:00 to Monday, 31 December, 2012 - 12:00
Funding Percentage From: 
15
Funding Percentage To: 
50
Funding Amount From: 
200.000
Future Funding: 
NO
Relevant Files: 
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