Company Instalation Incentives
Thessaloniki Innovation Zone
Unique and Privileged
The final success of the Thessaloniki Innovation Zone also depends on the institution of a special legislative framework that will differentiate the former from the rest of the country, transforming it into a privileged area for the development of innovative activities.
The new law provides for three general investment regimes:
1. Reinforce competitive and viable investment schemes with documented prospects of profit
2. Support investments in technological development & innovation
3. Promote regional cohesion & green development
The above regimes combine a series of reinforcement mechanisms:
- Tax Exemptions on Profits (6-8 years)
- Targeted Capital Subsidizations
- Leasing Subsidies, Depending on the developmental target
- ETEAN (National Fund for Entrepreneurship & Development), is activated immediately to ensure market cash flow with the granting of favorable and low interest loans to businesses that invest.
For Central Macedonia the state subsidies can reach UP to 40% of the investment cost for small SMEs & within the Innovation Zone an additional 5% is foreseen
