INVESTMENT LAW



A new amendment to Investment Law 3299/2004 dramatically improves the tax benefit for investors selecting this option of investment support.  To date, investors could select one of three forms of investment support: cash grants/leasing subsidies, wage subsidies for new employment created by the investment of up to 60 percent of the overall investment cost, or non-taxable income of up to 100 percent of the investment at a 25% tax rate. This translated to a tax benefit of up to 25% of the investment. Now, the tax benefit has been increased to match the level of the cash grants/leasing subsidies, a substantial benefit for investors.

Visit the Investment Incentives Law for a comprehensive summary of the investment incentives available in Greece.