AC Business Path

Subsidies for expenses of New Staff & installation of information systems

The subsidized intra-group services program for expenses of new staff and installation of information systems can provide your company with the support it needs to grow. By taking advantage of this program, you can have access to a range of benefits that can help reduce the cost of hiring new personnel and installing new systems.

Contact AC Business today to learn more about how we can help you take advantage of this valuable program.

If you are looking to expand your operations and hire new staff, this subsidy with the help of AC Business may be the help you need to afford the costs associated with expanding, growing and operating your business.

The government is doing its best to make it easier for businesses to operate in Greece. This is great news for the economy, and it will indeed help create jobs and stimulate growth. Make sure you take advantage of all the incentives that are available.

The Greek Government has put in place a number of incentives to attract companies to relocate to or invest in Greece. Companies of L. 3427/2005 (former L. 89/67) companies may be granted, cumulatively or alternatively, aid in the following categories:
1) Aid for the recruitment of disadvantaged and disabled workers .
The  government is keen to ensure that businesses take advantage of the tax breaks and incentives on offer, and that they also contribute to the development of social policies that will benefit all Greeks. 
Disadvantaged workers are given priority in the recruitment process, and the government offers companies a number of financial incentives to hire them. These include a reduction in social security contributions, as well as a reimbursement of up to 50% of the salary of the disadvantaged worker for the first year of employment. 
Eligible for support costs are the wage costs over a maximum period of twelve (12) months of the employee recruitment, who is disadvantaged or disabled and:
  • had no regular paid work during the previous six (6) months, or
  • has not completed two (2) years from completing full-time education and had no previous regular paid employment, or
  • is over 50 years of age, or
  • lives alone with the care of one or more members, or
  • has been recognized as a disabled worker under national legislation.

The aid consists of a subsidy of wage costs by providing a sum of money to cover part of it and the aid rate is 50% of eligible expenses paid. The company may not receive for the same workers any other aid on the salary costs of the period of the first twelve (12) months from the recruitment of each.

The company under criteria, might receive aid for up to 100 employees and gross earnings are eligible for aid expenditure, for a period of up to (12) twelve months from the hiring date of each employee, and up to the amount corresponding to gross salary, maximum of 2,000 euros per month.

This support is to ensure that these individuals have an opportunity to gain employment and contribute to the workforce.
2) Aid support for the purchase and installation of technology and IT equipment.
Businesses that invest in new technology and equipment can receive aid of up to 50% of the cost of eligible costs not exceeding total Eur400,000 and Eur200,000 over a period of three (3) financial years.
The eligible expenses for supporting aid are:
  • gross earnings paid to employees for a period of up to twelve (12) months from the hiring of each employee and up to the amount corresponding to gross salary of 2,000 euros a month.
  • expenses for the purchase of hardware and software if they are only installed and operate productively.

3) Training Programme Subsidy

The aid is granted for programs organized by the legal person for the training of staff in relation to the new activity.

The following costs of vocational training programs are eligible for aid, up to 50% of the total amount of 3.000.000 euros:

  1. trainers’ personnel costs, for the hours during which the trainers participate in the training.
  2. trainers’ and trainees’ travel expenses.
  3. materials and supplies directly related to the training program.
  4. costs of advisory services related to the training program
  5. trainees’ personnel costs and general indirect costs related to the training program (administrative costs, rents, etc.)

4) Aid for research and development projects

This supporting aid is granted to companies in the scope of this Law for the purpose of providing research and development services. The aided part of the research and development project shall completely fall within one of the following categories as they are defined: 

a. industrial research 
b. experimental development
c. feasibility studies.

Research and development expenditure that is eligible for aid relates to a specific category of research and development. This includes:

a. staff costs such as researchers, technicians, and other support staff who are exclusively employed in the project, as well as

b. expenditure on buildings, instruments, and equipment. If and for as long as they are used for the project, depreciation costs incurred for buildings, instruments, and equipment are eligible. For buildings, instruments, and equipment not used throughout their lifetime for the project, eligible depreciation costs correspond to the duration of the project, which are calculated on the basis of generally accepted accounting principles.

c. expenditure on contract research

d. expenditure on consultancy services used exclusively for the project,

e. additional overheads and other operating expenses, including costs of materials, supplies and related products, which are a direct result of the project,

f. expenditure on carrying out feasibility studies.

Contact us to check if you qualify!