- Tax Exemptions – Reduction of corporate tax liabilities.
- Direct Grants – Partial coverage of eligible investment costs.
- Leasing Subsidies – Financial support for equipment and infrastructure leasing.
- Employment Subsidies – Assistance with workforce expansion.
- Risk Financing – Targeted support under the "New Entrepreneurship" scheme.
In addition to physical upgrades, businesses can access funding for intangible investments that drive innovation and competitiveness. This includes the acquisition of cutting-edge technology through patents, licenses, proprietary know-how, and technical expertise.
Financial assistance is also available for implementing quality control systems, obtaining industry certifications, and deploying advanced software solutions for business management and process automation. These investments help organizations improve efficiency, ensure compliance, and maintain high-quality standards.
The Development Law 4887/2022 provides substantial financial support for tangible asset investments, enabling businesses to enhance infrastructure, modernize operations, and improve efficiency. Eligible expenses include the construction, expansion, and renovation of buildings and auxiliary facilities, ensuring enterprises have the necessary physical space to grow.
Additionally, businesses can invest in purchasing new or existing fixed assets, such as industrial machinery, equipment, and transportation systems operating within an integrated production unit. Lease agreements for state-of-the-art machinery and technical installations are also covered, provided ownership transfers to the lessee upon contract completion.
Beyond core investment categories, the law also offers targeted financial aid for specialized initiatives. Small and medium-sized enterprises (SMEs) can receive up to €50,000 in advisory services, supporting business planning and strategic growth. Start-ups and newly established micro-enterprises are eligible for funding covering up to 20% of supported costs, with a cap of €200,000—doubled for innovative businesses.
To promote research, development, and sustainability, the law allocates funds for R&D projects, covering expenses related to staffing, equipment, and facilities. SMEs can also receive up to €200,000 for innovation-related costs and €100,000 for process and organizational improvements. Environmental sustainability is a key focus, with financial support for energy-efficient upgrades, high-efficiency cogeneration, renewable energy production, and district heating and cooling systems. Additionally, funding is available for waste recycling, land restoration, and environmental conservation efforts.
To foster workforce development, companies can access funding for vocational training programs and employee upskilling initiatives. Financial assistance is also available for SMEs participating in trade fairs, enhancing their visibility in international markets. Furthermore, special benefits are allocated for businesses that employ disadvantaged individuals, promoting inclusivity and social sustainability.
