Greece

Greece

Promotes investments in critical raw materials, the circular economy, and shipbuilding

12 Dec 2024

On 12 December 2024, Greece amended Law 4864/2021 to promote and facilitate a new category of investments—flagship investments of exceptional importance. This category includes projects in critical raw materials, the circular economy, and shipbuilding.

Designation as a flagship investment grants various benefits, including expedited approvals within 45 days, location-based incentives, cost aid, and tax advantages. These tax benefits encompass income tax stabilization for up to 12 years, exemptions from income tax payments, and accelerated depreciation.

Nature of measure:
  • Facilitation
  • Incentives
Type:
  • Promotion and facilitation (Investment facilitation , Investment incentives)
Industry:
  • Primary (Mining and quarrying)
  • Manufacturing (Manufacture of transport equipment)
  • Services (Electricity, gas, steam and air conditioning supply)
Inward FDI:
No
Outward FDI:
No
Sources: