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What is the “intensity” of state aid?

Aid intensity is measured as the amount of state aid in relation to the costs of production or the costs of investment of the company or project that receives the aid. State aid is irrespective of whether it comes from a different system of subsidies or from a different EU member-state.

When will I receive the cash rebate?

The cash rebate will be available to producers no later than 60 days after the completion of the investment incentive plan, provided that all prerequisites of Law No.4487/2017 have been met. Within 30 days, EKOME S.A. pertinent Committee issues the conclusive report addressed to the Minister of Digital Policy, Telecommunications and Media who ratifies the subsidy act and the sum is deposited to the beneficiary’s bank account no later than 60 days from the final decision.

Who is the beneficiary of the investment incentive (cash rebate)?

A beneficiary may be the Greek producer, co-producer or production service provider or their foreign partner(s) according to the agreement between interested parties. The contract should be submitted to EKOME along with the rest of the supporting documents, according to Law No. 4487/2017 and the Joint Ministerial Action 923/23-03-2018.

Who is the implementing body of the investment incentive plan?

The producer or executive producer as defined in Article 25, Chapter D of Law No. 4487/2017  and in the Joint Ministerial Decision who submits the application.

Are the expenses incurred during pre-production phase considered as eligible?
All pre-production costs that may be considered as eligible expenses are explicitly specified in Article 2 of the Joint Ministerial Decision. They should be incurred close to the start of the production phase and have the work’s title on the legal documents that are submitted to EKOME S.A.
Is there a minimum or maximum amount of expenses?

For an audiovisual work to be eligible for cash rebate, eligible expenses incurred in the Greek territory during principal photography or post-production phase, should reach at least €100,000. The rebate amounts to 35% on the eligible expenses incurred in Greece for all beneficiaries.