The submission of applications for inclusion in the new Development Law has begun

For the 'General Entrepreneurship' and 'New Independent Media' schemes, the deadline is November 30, 2016 and for the other two, "Mechanical Equipment Aids" and "Large Investments", in April 28, 2017.

The New Development Law 4399/2016 includes some of the activity codes in the category "Cultural and Creative Industries" where they fall creative and related activities of professions related to image & sound, applied arts, architecture, advertising, graphic design, design, etc.

General Entrepreneurship Regime

The minimum eligible investment amount for the inclusion of investment projects in this aid scheme is defined based on the size of the body:

  • for large companies in the amount of 500,000 euros,
  • for medium-sized enterprises and cooperatives in the amount of 250,000 euros,
  • for small businesses in the amount of 150,000 euros,
  • for very small businesses in the amount of 100,000 euros,
  • for Social Cooperative Enterprises (SOEs), as well as Agricultural Cooperatives (AS), Producer Groups (PO) and Agricultural Corporate Partnerships (AES) in the amount of 50,000 euros.

In the investment projects that fall under this regime, it is provided in kind reinforcement :

  • Tax exemption
  • Subsidy
  • Lease subsidy
  • Subsidizing the cost of the employment created

The investment projects subject to this aid regime should have the character of an initial investment and specifically meet one of the following conditions:

  • Create a new unit
  • Expansion of the capacity of an existing unit
  • Diversification of a unit's output into products or services that have never been produced in it
  • Fundamental change of the entire production process
  • Acquisition of all assets belonging to a closed business establishment



Beneficiaries are companies that are established or have a branch in Greek territory at the time of commencement of the investment project and have one of the following forms:

  • sole proprietorship
  • commercial company
  • partnership
  • Social Cooperative Enterprises (SOEs), Agricultural Cooperatives (AS), Producer Groups (PO), Agricultural Corporate Partnerships (AES)
  • companies under establishment or under merger, with the obligation to have completed the publicity procedures before starting work on the investment plan
  • companies that operate in the form of a joint venture with the condition of their registration in GEMI



Eligible costs of the investment projects for the implementation of this aid scheme mean the following:

  • investment spending on tangible assets
  • investment spending on Intangible assets
  • the salary cost of new jobs calculated for a period of two (2) years

– Eligible expenditures on tangible assets are the following:

  • The construction, expansion, modernization of building facilities and special and auxiliary facilities of the buildings, as well as the configuration of the surrounding area
  • The purchase of all existing fixed assets (buildings, machinery and other equipment)
  • The purchase and installation of new modern machinery and other equipment, including technical installations and means of transport that move within the area of the incorporated unit.
  • The rents of the financial leasing of new modern machinery and other equipment the use of which is acquired.
  • The costs of modernizing special facilities (not related to buildings) and mechanical facilities.

– Eligible expenditures on intangible assets are the following:

  • technology transfer through the purchase of intellectual property rights, licenses, patents, know-how and unproprietary know-how;
  • quality assurance and control systems, certifications, supply and installation of software and business organization systems.

- Expenditures other than regional aid are supported only in combination with regional aid expenditure

  • Investment costs for consulting services.
  • Start-up costs for start-up small and micro-enterprises. Start-up costs mean those incurred for the establishment and initial organization of the economic unit, the acquisition of permanent means of exploitation, as well as for its expansion and reorganization.

The start date of the submission of applications for inclusion of investment projects in current status is October 12, 2016. Submission cycle closing date November 30, 2016 is set.

At Comart with great experience on the successful completion of previous similar programs and in cooperation with a consulting company, we can help those who wish to join and engage in fields and professions related to related activities of cultural and creative industry.  In addition, we can, after discussing with you, configure only the techno-economic offer and then proceed to complete and submit the final file with your own consultant.

Comart, among other things, provides equipment Hardware, Software, integrated solutions, installation and support services for activities such as:
Graphic Design & Creative, Desktop Publishing, Prepress, Digital Printing and supports companies such as publishing companies, creative departments of advertising agencies, graphic arts studios, graphic designers, creative directors, graphic design and visual communication, architects, web designers, etc.

We specialize in workstations and peripherals Apple Mac, storage solutions and systems LaCie and Seagate, video systems Blackmagic, calibrated monitors Eizo, drawing surfaces Wacom, applications Adobe Photoshop, Illustrator, Creative Cloud, color calibrators X-rite, Dell, QuarkXpres, Hewlett Packard, Epson, Sonnet, Eye One, Lexmark etc.

Comart is an Apple Authorized Reseller – Apple Authorized Reseller and features all Apple Mac products and peripherals for creative activities. Furthermore:

  • Apple Solutions Expert in Video
  • Adobe Certified Sales Professional
  • Blackmagic Design Authorized Reseller
  • Lacie Authorized Reseller
  • Matrox Video Authorized Dealer
  • AJA Authorized Dealer
  • PrimeStream Authorized Distributor
  • Assimilate Authorized Dealer
  • Boxx Authorized Reseller
  • Atto Authorized Dealer
  • Sonnet Authorized Dealer
  • SWIT Authorized Reseller
  • etc.

Contact us at 210 3416200 for your own investment plan.