Introduces investment incentives to foster innovation
05 Dec 2024
On 5 December 2024, Greece adopted Law 5162/2024 (Government Gazette No. 198/5/12/2024), introducing various tax incentives aimed at fostering innovation and attracting foreign capital. Angel investors are now eligible for a 50 per cent tax deduction on investments in startups, with the maximum eligible investment increased from €300,000 to €900,000, distributed among up to three startups or funds.
A new startup investor residence permit enables non-European Union investors to obtain residency by investing at least €250,000 in Greek startups listed in the National Startup Registry. This investment may be made through share capital increases or bond issuances, with the scheme becoming effective on 1 January 2025.
Furthermore, research and development (R&D) tax deductions have been expanded to 315 per cent for eligible research expenses, while a 250 per cent deduction is available for collaborations with startups, universities or research centres. Additionally, patent-related tax incentives now provide for a three-year tax exemption on profits derived from internationally recognized patents, followed by a 10 per cent income tax reduction for a further seven years.
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Type:
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Promotion and facilitation (Investment incentives)
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Promotion and facilitation (Investment incentives)
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Industry:
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Not industry specific
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Services (Scientific research and development)
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Sources:
