Development Law
Benefit from the New Development Law and lead your business to openness and sustainability!
Aim
The New Development Law 4887/2022 aims to strengthen and facilitate entrepreneurship, as well as to stimulate the Greek economy. Its purpose is to improve competitiveness in high value-added sectors, to strengthen less-favoured areas of the country and regions and to offer innovative products and services.
Through the Development Law, 13 aid schemes are established for the first time, providing incentives for the implementation of private investments in a variety of sectors of the economy, in order to achieve:
- Digital and technological business transformation
- Green transition
- Economies of scale
- Support for innovative investments as well as those seeking the launch of new technologies of “Industry 4.0”, robotics and Artificial Intelligence (AI)
- Strengthening of employment with specialized and qualified staff
- New entrepreneurship business support
- Strengthening of less favored areas of the country and areas included in the Fair Development Transition Plan (FDTP)
- Further enhancement of tourism and competitiveness improvement in high value-added sectors.
The Development Law is one of the most important tools for development and attracting private investment, it includes grants, subsidies, tax exemptions and aid of up to 75% of expenses for the sectors of Tourism, Manufacturing, Logistics, Energy, Technologies, Information Technology & Communications (ICT).
Eligible Beneficiaries
- Commercial Company
- Cooperative
- Social Cooperative Enterprises, Agricultural Cooperatives, Producer Groups, Rural Partnerships
- Joint ventures with commercial activity
- State and municipal enterprises and their subsidiaries
- Sole proprietorship only for the scheme “Agri-food – Primary Production and Processing of Agricultural Products – Fisheries” with a maximum eligible investment project cost of 200.000€
Types of Aid
- Tax exemption
- Grant
- Leasing Subsidy
- Subsidy for the costs of new employment
Why choosing Revival Consulting Services?
At Revival Consulting Services, we prioritize providing you with fast and reliable solutions, tailored to your unique business needs. As technology and human-driven growth consultants, we operate with a holistic and personalized approach that helps you make the most of the New Development Law.
Development Programs
Schedule an Appointment
Schedule an appointment with the relevant Funding Consultant today.
Trust Revival’s experienced staff to provide high-level consulting services on issues related to your business. If you want to solve an issue or further develop your business, make an appointment with us and our representatives will develop the ways to achieve it.
The benefits you get with Revival's specialised services
- Reduction of operating costs and capital expenditures
We ensure the optimal use of your resources, helping you reduce unnecessary expenses and invest strategically. - Focus on strategic activities
We free up time and resources so that you can focus on the activities that are most important for the development of your business. - Immediate response to challenges
Our solutions help you adapt faster to market changes and face competition with confidence. - Access to resources, technology and skills
With our support, you make the most of the opportunities provided by the Development Law programs, gaining access to specialized knowledge and innovative technologies. - Increasing your business performance
Our services contribute to improving efficiency, ensuring long-term growth and success.
