Beneficiaries’ Terms and Conditions of Participation
1. To submit a single financing application per VAT number.
2. To be active or to be active in Greek territory and to invest
exclusively within the North Aegean Region.
3. To have closed at least two (2) full management years (2022-2023) before the date of electronic
submission of the funding application.
4. The business must have at least one (1) EME of dependent labor in the year preceding the year of submission
of the funding application.
5. The proposed investment plan should concern eligible SDFs in which the beneficiaries should be
substantially active, during the closed management year 2023 (Main SDF or SDF with higher revenues).
6. The amount of the subsidized budget of the investment plan should not exceed three times the
highest turnover achieved in one of the two full closed management years, before the
date of submission of the funding application (2022-2023).
7. To provide evidence of securing the Private Participation of the proposed investment project
at a rate of at least 30% of the Total Budget
8. To operate legally by having the appropriate licensing document, in accordance with the existing legislation for
their supported activity (e.g. operating license , responsible declaration of commencement of operation, exemption from
operating permit, notification of commencement of operation, etc.). In the event that the license has not been issued or has expired,
it is required to present the relevant application for its issuance/renewal.
Businesses with activities for which an operating license is not required, should submit
a Responsible Declaration of the Legal Representative, where it will be confirmed that the issuance of an operating license or
a document of exemption from the relevant obligation is not required, with relevant documentation. Investment plan budget
The subsidized budget of each investment project ranges from €60,000 to €400,000. SUBMISSION / JOINING PROOFS
1. Proofs of Legal Status – Legal Operation:
For AE:
– Valid Codified Articles of Association with an indication of filing with the competent agency
– Formation of a Board of Directors & Designation of a Legal Representative to bears evidence of filing with the competent
agency
– Decision of the Recent General Meeting from which the applicable share composition
or Share Register
is derived
For LLC, IKE, O.E., E.E.
competent agency
– Act of representation in case the representation does not result from the above Statute
For Individual Businesses:
the information is obtained from the AADE, it is not necessary to submit supporting documents
2. Taxis codes of the business and the coordinator.
3. EME 2020-2021-2022-2023 of the company.
4. Shareholders’ identities, phone number and residential address
5. Single Certificate of Judicial Solvency October
6. Printout of the certificate of submission of the statement of beneficial owners of article 20 of 4557/2018 (A ́ 139),
for those companies where there is a relevant requirement, from which the details of the real beneficiaries will emerge
.
7. Balance sheets – profit and loss for the years 2022 & 2023, only for companies with double-entry
books. In the event that
the SME status of the applicant company changes from the data of the years 2022 & 2023 (EME, Turnover, Total balance sheet) (see Appendix IV “Definition of SME &
SME declaration template”), the above supporting document is also attached for in the year 2021.
8. Valid, submitted Form E3 (with registration number) for the year 2022 & 2023.
9. Valid Operating License or any relevant document for the supported activity (e.g.
operating license, responsible declaration of commencement of operation, operating license exemption, notice of commencement of
operation, etc.).
Businesses with activities for which a licensing document is not required, should
submit a Responsible Declaration of the Legal Representative, where it will be confirmed that for the
company’s activity and in accordance with the existing legislation, the issuance of a licensing document or a document of
exemption from the relevant obligation, with relevant documentation.
10. Responsible Declaration model A
11. Responsible Declaration model B
12. Responsible Media Declaration 13. Supporting documents for Affiliates and/or Collaborators:
– Required supporting documents regarding the corporate/shareholder composition, legal representation
and management depending on the legal form of the business. For sole proprietorships, a printout
of register details from my aade is submitted.
Financial data for the financial years 2022 & 2023, specifically:
– Current, submitted form E3 (with Declaration number)
– Balance sheets – Results of the year (for companies with double-entry books)
– Personnel data for the financial years 2022 & 2023, specifically:
– Proof of submission statement of wages & pensions together with a consolidated statement at the end of the year, in
which each employee will be detailed with the number of days employed.
– For any affiliated/collaborating companies to submit additional Submitted
Labor Inspection Statements (personnel tables) E4, from which the days and hours of work
and any changes made in the years of interest will be derived, for all the employees
appearing in the summary year-end statement (annual tables, any initial and amendments if
required).
– EME 2020-2021-2022-2023
For the cases of affiliated/collaborating companies operating outside of
Greece, the corresponding as above equivalent supporting documents/documents valid in the respective country will be submitted
. In the event that
the SME status of the applicant company changes
from the data of the years 2022 & 2023 (EME, Turnover, Total balance sheet) (see Appendix IV
“Definition of SME & SME declaration template”), the above supporting documents are also attached for in the
year 2021.
14. Justifications for Securing Private Participation in an Investment Plan:
– Certification of the average balance of a corporate/professional bank account, in which
the company is the beneficiary, of the last month before the submission of the financing application.
INCREASE OF CORPORATE/SHARE CAPITAL USING CASH.
If the investment body has decided to increase the company/share capital using
cash:
Bank statements stating the average balances of the partners/shareholders’ accounts
of the potential beneficiary of the last month before the submission of the financing application.
LOAN
Pre-approval or approval or loan agreement from a financial institution, a member of the DIAS system.
The relevant document to be submitted should state the basic terms of the loan, such as:
• Object and budget of the loaned investment
• The amount of the approved loan
• The duration and time of its repayment
• The interest rate
• The collateral required for its granting . In particular, in the case of approval, it should not be
mentioned in the relevant supporting document that it is granted in the context of the program with allocation of the
grant. 15. Other Required Accompanying Documents:
Registered patent/patent of the company or its partner/shareholder, related to the
business plan, if exists and is declared in the funding application.
