What are the types of aid?
The following types of support is provided to the investment projects that fall under any of the schemes:
- Tax exemption, which refers to the exemption from the payment of income tax on the realized pre-tax profits, which arise based on the relevant tax legislation, from all the activities of the company, minus the tax of the legal entity that is apportioned in the profits distributed or assumed by the partners. The amount of the tax exemption is calculated as a percentage of the value of the subsidized costs of the investment project or the value of the new mechanical and other equipment, which is acquired through leasing and constitutes an equal amount of reserve, which is kept in a separate account in the financial statements.
- A grant, which refers to the provision of a free sum of money by the State, to cover part of the subsidized costs of the investment project and is determined as a percentage of them.
- Leasing subsidy, which refers to the coverage by the State of part of the leasing instalment paid which is concluded for the acquisition of new mechanical and other equipment, determined as a percentage of their acquisition value, and included in the instalments paid. The leasing subsidy cannot exceed seven (7) years, and the period starts from the date of the completion of the investment.
- Subsidizing the cost of the employment created, which refers to the State covering part of the wage costs of the new jobs created and are linked to the investment project, for which no other state aid has been received.
- Business risk financing, in accordance with what is defined in Part B' of the scheme "New Entrepreneurship", which refers to subsidizing the interest rate on subordinated loans or the insurance costs of high-risk loans paid to the credit institutions that grant them.
The above types of financial aid can be provided individually or as a combination and are taken into account to determine the total amount of aid for each investment project