The present “FAQs” is an unofficial document in English of purely explanatory character for the procedure of the acceleration and transparency regarding the realization of Strategic Investments prescribed under Law No 3894/2010 of the Hellenic Republic, which was originally drafted, published and authenticated in Greek.
For legal or any other relevant purposes, only the authentic text of Law No 3894, as it appears in the Hellenic Government Gazette (Issue Number: 204, December 02, 2010), and its amendments (Law 4072/2012, Government Gazette Issue A 86, 11 April 2012 and Law 4146/2013, Government Gazette Issue A 90/18 April 2013) should be used. Whilst every effort was made to provide accurate information, “Enterprise Greece S.A.” cannot take responsibility for any discrepancies with the original.
In 2010, Greece promulgated Law 3894/2010 on Acceleration and Transparency of Implementation of Strategic Investments, commonly referred to as the “Fast Track Law”.
What are the basic criteria a private investment must meet for entry into Law 3894/2010?
What is the aim of Fast Track?
What is a Strategic Investment according to Fast Track?
Is it mandatory for a Strategic Investment to be included in Fast Track?
How does Fast Track ensure an accelerated process, given the overregulation and bureaucratic hurdles that exist in many public administration procedures?
What is the ultimate objective of the Fast Track legislation?
Why do you state that the Fast Track procedure also ensures transparency in the investment implementation procedures?
What are the “exceptional” provisions of the Fast Track procedure regarding tax relief?
What administrative structure will manage the Fast Track procedures?
What is the impact of the Fast Track procedure on environmental protection?
Please illustrate the Fast Track procedure with some examples.
Does the Fast Track procedure overlap with any other development framework?
What happens when an investment plan is not approved by the Interministerial Committee for Strategic Investments?
Does new employment refer to permanent, annual employment positions or are seasonal positions also eligible?