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Who is the beneficiary of the state aid managed by EKOME?

The beneficiary may be one of the following:

a) The Greek production company (whether the application is submitted by them or and production service company)

b) The foreign production company, provided they keep a branch in Greek territory (Business Activity Code 59.11 and 59.12) and a Greek IBAN

c) The implementing body of the investment provided it has a written authorization from the Producer or the Producers or the Co-Producers appointed by the beneficiary to receive the state aid from EKOME.

What do the terms “onset” and “completion” of an "investment plan" stand for?

The onset of the investment plan is defined as the first point in time that either:

a) filming of an audiovisual work in the Greek territory begins, or:

b) the first legally binding undertaking for the lease of equipment for the purpose of implementing a planned shooting in the Greek territory.

Completion of an investment plan is considered the completion of  filming and/or post-production of the project.

Necessary condition for the approval of the inclusion proposal is that the shooting starts 60 calendar days after the application has been submitted.

From what date on wards can expenses count as eligible? The date of application submission or the starting date of the investment plan?

Eligible are the expenses incurred from the date of application submission onward.

Is there a time limit for the conclusion of an investment plan?

Investment plans have the right and the obligation to conclude within three (3) years from the date of application submission for the cash rebate.

Is there a cap on the amount of state aid managed by EKOME and the maximum total eligible budget that an investment plan can apply for?

Law 4563/2018 does not have a cap on the amount of aid, nor a ceiling on the budget for eligible expenses.

How long does it take to get an investment plan approved?

The procedure for application approval by EKOME lasts up to two months from the date of the application submission.