Greece has opened a public consultation on draft legislation proposing new foreign direct investment incentives, including an income tax exemption for eligible investment projects of up to EUR 50 million, with the consultation closing on 16 September 2026.
Greece’s Ministry of Development has opened public consultation on 1 September 2026 on a draft bill proposing new incentives for foreign direct investment, including an income tax exemption for eligible investment projects.
Under the proposed scheme, the income tax exemption would be calculated as a percentage of eligible expenditure and held as a tax-free reserve. The exemption could be used over up to 15 tax years, subject to certification that at least 50% or 65% of the investment had been completed.
The benefit would be subject to an annual cap of 50% of the total approved amount. It could be fully clawed back with statutory interest if the beneficiary failed to meet its long-term obligations, including a six-year holding period after completion of the investment.
The draft also proposes changes to the regime for offshore trading and service companies under Emergency Law 89/1967. The existing cost-plus method would remain, including its 5% statutory floor and five-year review, but would apply only to revenue received through bank remittances from abroad for services provided to recipients abroad.
The proposed investment plans would have selected costs ranging from EUR 10 million to EUR 50 million.
The consultation period will end on 16 September 2026.
