Greek Economy and Development Minister Yiannis Dragasakis placed on a public electronic consultation a draft law on attracting strategic investments, ANA reports.
The draft legislation, among others, sets a 45-day deadline to issue any kind of license, approval or οpinion for the installation or operation of a strategic investment in the country.
Strategic investments are categorized according to incentives, while licensing procedures are rationalised and new actions are introduced to speed-up process. Strategic investments are eligible for tax exemptions ranging from 7,500,000 euros for investment budgets up to 30 million euros, falling gradually to zero for investment budgets over 100 million euros.
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