Article 3
Eligible business activities - aided expenditures

Aided expenditures:

(i). The purchase and installation of transportation equipment, except for the equipment intended for their infrastructure and movement, provided that these shall be necessary to meet the needs for transporta-tion of people and cargo in the aforementioned areas.
(ii). The payments under the lease of the above new machinery and other equipment.
p. Joint venture centres that may be established by at least three (3) undertakings of the manufacturing sector, each employing up to 120 employees, and by at least one commercial undertaking or an undertaking of the transports or other services sector. Institutes of Higher Education or research centres may also par-ticipate therein.
The objective of these centres, that may operate in the form of a non-profit company, is to provide the par-ticipating business organisations with all possible business support services, such as the creation of a data bank, the elaboration of organisation, marketing and market expansion studies for the products of the participating organisations, the co-ordination of ac-tions for joint procurement of materials, for state pro-curements, as well as the securing of quality certifi-cates. Furthermore, the centres aim at taking collec-tive business action for the implementation of joint product exhibitions, joint procurement of materials, joint participation in state procurements, and the crea-tion of distribution networks, at home or abroad, in or-der to access new markets.

Aided expenditures at home or abroad (excluding the European Union member-states):

(i). The purchase and installation of new modern machinery and other equipment. The payments under the lease of new modern machinery and other equip-ment.
(ii). Expenditures for the construction or purchase of building facilities necessary for:

  • their operation,
  • the creation of their permanent exhibition prem-ises, and
  • the creation of storage and/or cold storage areas required for the promotion of the products of the allied undertakings.
(iii). Expenditures for the shaping-arrangement of the purchased or leased building facilities under sub-instance (ii) above.
(iv). The purchase of the necessary furniture and fix-tures for their offices, exhibition, storage and/or cold-storage areas.
(v). The purchase and installation of the necessary technical and other equipment, and the construction of facilities to meet their objectives (computers, fax, pho-tocopying, telex machines, facilities and equipment for the handling of products, etc.)
(vi). The purchase and installation of the necessary software for all activities-objectives of the joint venture centres, and for staff training at the installation stage.
(vii). The purchase of the necessary trucks for the distribution of the products of undertakings participat-ing in the joint venture centres.
(viii). Expenditures for the elaboration of studies on the organisation of the joint ventures, as well as the initial marketing studies on the penetration and market shares expansion, for the products of the allied or-ganisations. Eligible expenditures for the elaboration of studies, should not exceed 10% of the total invest-ment cost of the Joint Venture Centre.
(ix). The expenditure for the elaboration of the tech-nical and financial study on the eligibility of the in-vestment concerning the establishment of the joint venture centre, for the grants provided for in these presents.
q. International trade companies established or op-erating as societes anonymes, provided that their ex-clusive scope shall be the performance of financial - commercial activities of international trade, and their capital stock shall amount to no less three hundred (300) million drachmas, paid in full.
A decision of the Minister of National Economy shall stipulate the details for meeting the above conditions, as well as other details for the eligibility of these com-panies' investments for the incentives of this law, es-pecially with regard to their scope, the number and type of stocks, etc.


Aided expenditures at home or abroad (excluding the European Union member-states):

(i). Expenditures for the construction, purchase or conversion of building facilities necessary for their op-eration, as well as those intended to be used as stor-age, cold storage areas, areas for drying, preserva-tion, standardisation and packaging of products or as distribution areas to greater regions, as well as ex-penditures for the landscaping of the surrounding area.
(ii). Expenditures for the purchase and installation of new modern mechanical and other equipment, and the construction of facilities for the areas under passage (i) above. The payments under the lease of new mod-ern machinery and other equipment.
(iii). The purchase and installation of quality control equipment, computers, and the necessary software, including expenditures for staff training at the installa-tion stage.
(iv). The purchase and installation of the necessary technical and other equipment, and the construction of facilities to meet their objectives (computers, fax, pho-tocopying, telex machines, facilities and equipment for the handling of products, etc.).
(v). Expenditures for investments concerning the utilisation of renewable sources of energy, substitution of gas fuels for liquid fuels or electricity, treated refuse from domestic industries, renewable sources of en-ergy, recovery of lost heat, as well as electricity and heat co-production. Furthermore, expenditures for in-vestments concerning energy saving, provided that the investment shall not pertain to manufacturing equipment but rather to driving/operating equipment and installations of the plant, and that a decrease of at least 10% in energy consumption shall result from such investment.
(vi). The purchase of new or second hand trucks or refrigerator trucks. In case second hand trucks are purchased, they should not be older than five years, while aids shall be calculated on a total cost of 4,000,000 drachmas per vehicle, whether this con-cerns the total purchase cost of the vehicle or just part thereof.
r. Commercial undertakings whose scope of busi-ness is the purchase and sale of goods.

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