Recently, 4 five-star hotels, 2 4-star hotels and one 3-star hotel (for modernization) were added to the Development Law.
According to the relevant decisions of the general directorate of Development Laws and Direct Foreign Investments of the Ministry of Development and Investments published in Diaygeia, in the last few days, the investment plans of WHG in Sounio, of HERMIS in Santorini and of EASTMED REAL ESTATE 3 in Loutraki, were included in the General Entrepreneurship support scheme (the latter, for the modernization of an integrated hotel unit), while the investment projects of ELEGANT AVATON RESORT in Naxos, LOVIN GREECE in Loutraki, THE ATOMIUM in Volos and KARNAGIOS SERIFOU in Serifos were included in the support scheme of Entrepreneurship of Very Small and Small Businesses.
Specifically, the investment plan of the company “WHG SOUNIO MANAGEMENT S.A.” was approved to be included in the provisions of law 4399/2016, and in particular in the General Entrepreneurship support regime of articles 37 to 41 thereof (cycle Z). with d.t. “WHG SOUNIO S.A.” referred to establishment of a five-star (5*) hotel unit, with a capacity of 179 rooms/406 beds, in the area of Punta Zeza of Souniof a total eligible cost equal to 14,231,824.17 euros and the amount of aid in the form of the tax exemption is 1,423,182.42 euros.
The investment plan of the company under incorporation, “HERMIS MONOPROSOPI PRIVATE CAPITAL COMPANY” with d.o. “HERMES M. IKE” is subject to the provisions of Law 4399/2016 and in particular to the General Entrepreneurship support regime of Articles 37 to 41 thereof (Cycle Τ). The investment plan refers to establishment of a 5* category hotel unit, with a capacity of 20 rooms/79 beds in Bouloufardes, Thiratotal eligible cost equal to 6,584,460.65 euros and the amount of aid in the form of tax exemption is 1,316,892.13 euros.
With regard to the investment plan of “ELEGANT AVATON RESORT HOTEL TOURISM ENTERPRISES JOINT STOCK” with d.t. “ELEGANT AVATON RESORT SA” its inclusion in the provisions of law 4399/2016, and in particular in the support regime for the Entrepreneurship of Very Small and Small Businesses of articles 59 to 61 thereof (Cycle E) was approved. The investment plan refers to establishment of a 5* category hotel unit, with a capacity of 49 rooms/100 beds, at Kamari Kampou Alykos, Naxoswith a total eligible cost equal to 5,978,092.84 euros and the amount of aid in the form of a grant amounts to 1,673,866 euros.
It was also approved that the investment plan of the company “LOVIN GREECE MONOPROSSOPI I.K. Huh.” with d.t. “LOVIN GREECE” referred to establishment of a 5-star hotel unit, with a capacity of 34 rooms/68 beds, in the Pefkaki location of the Municipal Unit of Loutraki – Perachora, total eligible cost equal to 3,798,731 euros and total subsidized cost equal to 3,686,492.60 euros. The amount of aid in the form of the grant amounts to 1,419,299.65 euros.
The investment plan of “THE ATOMIUM MONOPROSSOPI I.K.E.” was included in the provisions of Law 4399/2016, and in particular in the regime for supporting the Entrepreneurship of Very Small and Small Businesses of articles 59 to 61 thereof (Cycle E). with d.t. “THE ATOMIUM” (under recommendation) referred to establishment of a category 4* hotel unit, with a capacity of 38 rooms/76 beds, on Aristotelous Street no. 85, in Volostotal eligible costs equal to 3,060,000 euros and total subsidized costs equal to 3,060,000 euros and the amount of aid in the form of the grant amounts to 1,176,350 euros.
The investment plan of the company (under recommendation) “KARNAGIO SERIFOU HOTEL TOURISM S.A.” with d.t. “KARNAGIO SERIFO MONOPROSOPI S.A.” falls under the support regime for the Entrepreneurship of Very Small and Small Businesses of articles 59 to 61 of Law 4399/2016 (D cycle) and concerns the establishment of a hotel unit, category 4*, capacity 37 rooms/87 beds”, in Serifos, total eligible costs equal to 4,664,239.64 euros and total subsidized costs equal to 4,482,783.42 euros. The amount of aid in the form of the grant amounts to 1,795,613.37 euros.
Finally, it was approved that the investment plan of the company “EASTMED REAL ESTATE 3 MONOPROSSOPI S.A.” be included in the provisions of Law 4399/2016, and in particular in the General Entrepreneurship support regime of Articles 37 to 41 thereof (Circle Z) with d.t. “EASTMED REAL ESTATE 3 MON. AE” referred to modernization of a complete form of a three-star (3*) hotel unit, with a capacity of 41 rooms/94 beds”, on Ethnikis Antistaseos Street, Loutrakiwith a total eligible cost of 3,500,436 euros and the investment project is granted aid in the form of a tax exemption of 1,225,152.60 euros.
Source: Capital
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