What is the Development Law?
The Development Law 4399/16 (Government Gazette A '117 / 22.6.2016), concerns investment plans in all sectors of the Economy, subject to specific exceptions. He contributes to the support of investment projects with aid schemes at various levels.
It is the main financial tool for the establishment, expansion, diversification of production and the fundamental change of the entire production process of enterprises. It also enhances the acquisition of all business plant assets that have ceased operations.
This Law consists of four aid schemes
- The General Entrepreneurship support scheme
- The aid scheme for young independent SMEs
- The scheme of reinforcement of mechanical equipment
- The major aid scheme