Cash Rebate 40%
Greek Cash Rebate rules
Greece is dynamically "present" on the international map of the digital game industry by taking initiatives to support and promote domestic production, but also to attract foreign investment and business synergies.
In a market full of investment opportunities, EKOME helps develop the digital gaming sector by fostering domestic producers working in the recreational and serious gaming sectors through the 40% cash rebate investment incentive. EKOME actively supports domestic production and Greek professionals during game development, as well as at all stages of the investment incentive process. It also undertakes to bring producers in contact with investors, actively supports the connection of the academic community with companies, producers and the labour market, and finances national expeditions to international festivals and fairs on digital gaming. The goal of EKOME is to bring Greece into the spotlight as an attractive place for investments, synergies and cross-border digital game productions, while enhancing the competitiveness of domestic producers and developing the audiovisual industry in Greece.
The Greek cash rebate has no ceiling on cash return: a greater investment in eligible costs means a greater refund! In addition, it can act as a collateral for producers to obtain loans through the Greek banking system. The financing of the subsidy is provided through the Public Investment Programme of Greece, from which the amount of € 75,000,000 has been set apart for the years 2018 to 2022.
- Getting started
applications can be submitted for international and domestic productions and/or co-productions that choose Greece as a production location.
- A smooth and timely procedure
applications are submitted to EKOME all year long, no later than 10 days before the draft of the Game Design Document development, to an electronic system guaranteeing smooth, timely and transparent processing.
- And... it's a wrap!
the cash rebate is payable no later than six months after the completion of production and/or post-production works provided that all prerequisites of the law are met.
Supporting digital games production in Greece
A world of digital games
Legislation in effect
In August 2017, the Greek Parliament passed a law (No. 4487/2017) introducing a cash rebate programme that will be covering part of the eligible costs for national and international audiovisual productions.
Since September 2018 (Law 4563/2018) until recently, the Greek cash rebate amounted to 35% while in July 2020 (Law 4704/2020) it was raised to 40% of the eligible expenses made on Greek territory, with a flexible floor amounting to €30,000 in the case of digital games and may be used as a collateral through the Greek banking system.