Strategic Investments within the framework of Greek Law 3894/2010, as in force, are defined as investments that bring significant benefits to the national and local economy and society.

These investments are of great importance in helping to kick-start economic growth and take the country out of the economic crisis in a viable, sustainable and socially fair way.

Greek Law 3894/2010 offers a number of advantages to investors making investments in the Greek economy of the right financial size and importance.

These advantages can be summarised as follows:

• Accelerated licensing procedures. Public services are obliged to issue permits/licences and opinions within 45 days. Special rules apply to environmental permitting.
• The option to develop a Special Strategic Investments Spatial Development Plan (ESHASE), which results in a single planning decision being issued, which sets out specific terms and conditions for the area concerned.
• Approval of the development plan by the seven-member Inter-Ministerial Committee and a Presidential Decree being issued for the whole ESHASE, in order to avoid, to the fullest extent possible, the inconvenience of appeals being launched against the investment.
• The option to change land uses and obtain generally justified derogations from existing rural and urban planning legislation.
• The option to request a concession for use of the foreshore and seashore.
• The option to create embankments along the coastline.
• The option to develop holiday homes.
• The option to lay down terms and conditions to promote and protect archaeological finds within a reasonable time, so as not to delay the implementation of the investment.
• The option to expropriate land, where needed.
• The option to request tax incentives for the investment.

Strategic investments are of national importance and applications are fast-tracked.

We suggest you contact us for more information of if you have questions of any kind.