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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:

  1. a) filming of an audiovisual work in the Greek territory begins, or:
  2. 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 onwards 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? How long does it take for the subsidy amount to be allotted?

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.

Is the amount of state aid by EKOME paid to the beneficiary subject to taxation or is it tax-free?

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.