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.
Eligible are the expenses incurred from the date of application submission onward.
Investment plans have the right and the obligation to conclude within three (3) years from the date of application submission for the cash rebate.
Law 4563/2018 does not have a cap on the amount of aid, nor a ceiling on the budget for eligible expenses.
The procedure for application approval by EKOME lasts up to two months from the date of the application submission.
The payment process is concluded about 3 - 5 months from the date the application for payment has been submitted.
The amount of state aid does NOT increase the income from business activity, but it is a reducing element of the cost of the expenditure that has been subsidized and is NOT subject to taxation.