Strategic Investments in GR
Inclusion Procedure
Entry Criteria
For the purposes of the implementation of the provisions of this Law, Strategic Investments in Greece shall be construed as those productive investments which relate specifically to the construction, reconstruction / restructuring, expansion or modernisation of infrastructure and networks regarding the following sectors: (a) industry, (b) energy, (c) tourism, (d) transport and communications, (e) provision of health services, (f) waste management, (g) high-end technology and innovation projects, (h) education, (i) culture, (j) in the primary sector and agri-food processing (k) in the provision of services provided that they meet at least one of the following conditions:
1. The total cost of the investment exceeds 100 million Euro
2. The total cost of the investment exceeds 15 million Euro, for investments in the industry sector in currently operating industrial zones or 3 million Euro for investments that are approved projects within the JESSICA fund context
3. The total cost of the investment is over 40 million Euro and concurrently creates at least 120 new employment positions
4. At least 150 new employment positions are created from the investment in a viable manner or at least 600 jobs are retained.
5. The investment cost exceeds 5 million Euro for the development of business parks.
For the inclusion of the investment proposals to the Strategic Investments Procedure, the following shall be taken into consideration, in particular: (a) the viability of the proposed (or existing) investment and the creditworthiness of the investor, and (b) the transfer of knowledge and expertise; the estimated employment retention or growth; the country�s regional or local development; the strengthening of entrepreneurship and competitiveness of the national economy, and especially industry; the adoption of innovation and high-end technology; the increase of export activity; environmental protection and energy conservation.
Legal Framework
In this section you will find the legal framework which governs the Fast Track licensing of Strategic Investments.
� Law 3894/2010 in codified form, as amended by and in agreement with Law 4146/2013
The fast track licensing of Strategic Investments began with the passage of Law 3894/2010. In April 2013, the Law was amended by Law 4146/2013, CHAPTER A. Please download the legislation as applied today, in codified text of Law 3894/2010 with the amendments of Law 4146/2013 incorporated thereto in the following languages: Greek, English, German, French, Chinese, Arabic and Russian
� Law 3894/2010 in codified form, as amended by and in agreement with Law 4072/2012
The fast track licensing of Strategic Investments began with the passage of Law 3894/2010. In April 2012, the Law was amended by Law 4072/2012, CHAPTER B. Please download the codified text of Law 3894/2010 with the amendments of Law 4072/2012 incorporated thereto in the following languages: Greek, English, German, French, Chinese, Arabic, Spanish and Russian
�LAW No 3894 on the �Acceleration and Transparency regarding the Realization of Strategic Investments�, GOVERNMENT GAZETTE OF THE HELLENIC REPUBLIC, ISSUE A, Issue Number: 204 December 02, 2010. The Law No 3894 is written in the following languages: Greek, English, German, French, Chinese, Arabic, Spanish and Russian
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