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Enterprise Greece’s offering
Investment Promotion services and best
practices
Co-operation with other MED countries
Contents
Enterprise Greece is the new, official agency of the Greek State, under the supervision of the Ministry of Economy, Infrastructure, Shipping and Tourism,to showcase Greece as an outstanding destination for investment and to promote the highly competitive products and services produced in Greece for export.
Services
Attracts, welcomes, promotes, supports
and retains investment in Greece
Promotes Greece internationally as an
attractive investment destination
Accepts applications, evaluates and
supports Greece’s Strategic Investment
(Fast Track) projects
Provides investors with the Investor
Ombudsman service
Informs investors of Greece’s
institutional, tax, legal, and financial
framework
Partners with related organisations,
domestic and international, to promote
Greece as an investment destination
Promotes the export of Greek
products and services internationally
through marketing, events, and trade
centres
Supports Greek producers and service
providers with guidance, assistance,
information and resources to better
reach international markets
Organises the presence of Greek
companies at conferences, fora,
exhibitions and trade shows in global
markets
Briefs foreign buyers on the Greek
market and Greece’s export potential
Partners with related organisations,
domestic and international, to promote
Greece’s export market
Investments Trade
Investment promotionEffectively promote Greece as an investment location and
introduce investors the unique advantages and opportunities that
Greece offers
investment promotion strategy (1)
Building awareness to international companies for the country’s investment opportunities
Strengthening linkage with international investors -Bonding
After care support to businesses already established in the country with a view to expanding their investment activities
First class reception of potential investors by offering high quality services
investment promotion strategy (2)
Sector selection criteria- International and domestic investment activity in the sector - Sector development prospects- Sector suitability for Greece - Sector importance for the national economy (benefit multiplier)
Country selection criteria- Country of capital export – or important reserves- Country with investment activity – interest towards Greece - Country with an important business cluster in the sector of interest
Business selection criteria- Investment activity abroad/exports- Investment intention for Greece- Size of company- Financial status
investment promotion strategy (3)
Countries: Germany, UK, France, Belgium, The Netherlands, USA, Canada, Japan, Korea, Russia, Switzerland, Israel, Qatar, China, UAE, Saudi Arabia
Sectors• Tourism- Real Estate• Energy• Information Technology-Microelectronics• Biotechnology and pharma• Environmental Technologies (water and waste management)• Food and Beverage• Logistics• Export oriented manufacturing
indicative investment projects
Marinas & Cruises
Health Tourism
Conference & Incentives
Golf courses Hotels & Integrated resorts
Commodity products Olive oil Aquaculture
Niche products (i.e. superfoods)
Organic
Data Centers Call CentersMobile
Marketing & advertising
Software development
Information Security Services
Generics Elderly and LTC care Clinical Trials E- health Home care
services
Oil & Gas RESGrid
connectivity for the islands
Energy efficiency
Waste Management
Further Investment Promotion Actions
Organisation of Events and Conferences
Organisation and implementation of official
business missions of the President, the Prime Minister,
and the Ministers of the Hellenic Republic
Information and data to potential investors
Promo material
investment opportunities portfolio
• Promotion of mature public
projects, in sectors where the
country has competitive
advantages.
• Cooperation with the relevant
Ministries and the local authorities
for finding projects which can
attract private investments.
• Development of a portfolio of
mature private projects in many
sectors of the economy
• 400 privately owned projects in
our projects portfolio.
• Customized promotion to foreign
Investors
• Matchmaking process
Public Projects Private Projects
investment opportunities portfolio_ the system
• Selection of sectors that can yield attractive investment projects based on Greece’s competitive advantages.
• A dialogue with the international investment community to assess the appetite of potential investors and derive criteria
for selecting portfolio projects by sector.
• Creation of a network of state and privately owned companies, associations, public sector bodies, and local community
partners that will help feed the portfolio with potential investment projects.
• Creation of a common layout and a presentation template for the promotion of projects.
• Signing of a nondisclosure agreement with project owners. Demonstrated professionalism and confidentiality by the
agency’s executives is key to building confidence with project owners and ensuring a constant flow of potential
investment projects.
• Selection of projects according to specific criteria, site visits, and preparation of detailed project presentations, sometimes
with the aid of renowned investment banks; all materials are vetted by the project owners.
• Maintenance and promotion of portfolio projects. Promotion strategies are designed for individual portfolio projects or
groups of projects in accordance with the sector, project size, and target investors.
• Arrangement of business meetings between project owners and potential investors, and support for project owners to
build the business case. The effectiveness of this matchmaking process is key to fueling the interest of project owners
Project portfolio system of Enterprise Greece S.A.
fast track
Qualification Prerequisites
The total value of the investment exceeds 100 million Euro
The value of the investment exceeds 40 million Euro and, concurrently, the investment creates at least 120 new jobs
The investment creates at least 150 new jobs or at least 600 jobs are maintained in a viable and sustainable manner
The value of the investment exceeds 15 million Euro for industrial investments within organized industrial areas
or the total investment cost exceeds 5 million Euro for
investments regarding the development of Business Parksor
3 million Euro for investments included in JESSICA initiative
45 day deadline
One-stop-shop
Absolute priority
The process
10 projects approved, €3bn & 4 in the pipeline, €1.4 bn
Residence permit for non EU
executives of the companies
residence permits when Investing in Greece
In the case of investments, which are classified as “Strategic“, residence permits can be granted to the investment’s legal representative, and up to ten (10) persons whose residence permit is considered as a prerequisite for the proper realization of this investment project. These persons may be accompanied by members of their families, as well as support staff, if these are people with special needs.
Non-EU citizens may be granted a residence permit, (that is renewed every 5 years) when they either personally or through a legal entity have the ownership, use and possession of property in Greece or have purchased a tourism residence timeshare for at least 10 years or a 10 year lease of hotel accommodation/ fully furnished tourism complex. The minimum amount of capital invested in order to apply for the above is 250,000 €.They may also be accompanied by members of their family who are granted, on request, private residence permits that can be renewed and / or expire concurrently with his original permit
Law 4146/2013
Investment promotionActivity report 2014 (Ι)
Missions abroad (EG executives)
18 Missions 10 Countries 1,000 leads
850New
150bonding
Business missions abroad (with the participation of Greek companies)
ARMENIA
• 11 GR companies
• 150 Β2Β
TURKEY
• 76 GR companies
• 490 Β2Β
ALGERIA
• 12 GR companies
• 30 Β2Β
RECEPTION OF FOREIGN MISSIONS GREECE – CHINA MARINE FORUM 15 BUSINESS MISSIONS FROM US, ASIA, EUROPE.
PROJECTS PROMOTION – MATCHMAKING PROCESS460 PROJECTS
FRONT OFFICE INQUIRIES
Investment promotionActivity report 2014 (ΙI)
World Bank’s report highlights Enterprise Greece’s (former IiG) performance
Enterprise Greece S.A. (former Invest in Greece Agency) evaluated positively for the good selling practices in promoting
a public-private investment projects portfolio.
The agency has put a lot of effort over the last four years to compile an
investment portfolio of both public and private projects, from which the
investment promotion unit is able to draw information based on the interests
of individual investors. EG showed how specific investment
opportunities can be identified through effective partnerships.
2014
“ Enterprise Greece S.A (former Invest in Greece Agency) is among the few IPIs to achieve high scores on both the
tourism-specific website content and the GIPB 2012 investor inquiry assessment”
World Bank’s report gives the third position to Enterprise Greece (former IiG)
Enterprise Greece S.A. (former Invest in Greece Agency) was ranked 3rd Investment Promotion Agency in the world, in terms of handling inquiries from investors, according to the Global Investment Promotion Best Practices Report 2012, published by the World Bank.
“ Enterprise Greece (former IiG) went from being among the OECD’s weakest performers in 2009 to being among the world’s strongest in 2012. Most impressively, at a time of economic turmoil, when many IPIs would be discouraged, Invest in Greece Agency tried harder.”
2012
MOU’s
Aiming to enhance bilateral investment relations, to develop cooperation with Investment Promotion Agencies of other countries and other stakeholders, to implement a practical framework for the promotion of direct investment and exchange information on relevant initiatives, Enterprise Greece signs Memoranda of Understanding with a range of organisations.
Our Agency has already signed Memoranda of Understanding with the following organisations of MED countries:
Invest in Israel, Israel, 9/10/2013 - http://www.investinisrael.gov.il Cyprus Investment Promotion Agency – CIPA, Cyprus, 2/12/2012 -
www.cipa.org.cy Investment Support and Promotion Agency of Turkey, Turkey, 14/5/2010 -
www.invest.gov.tr
MOU’s Memorandum of Understanding between The General Authority for
Investment and Free Zones (GAFI) and Enterprise Greece, 4 December 2014
Memorandum of Understanding on cooperation in the field of participation in Exhibitions and Fairs between The Egypt Expo Convention Authority and Enterprise Greece, 4 December 2014
We are also in the process to sign a Memorandum with FIPA
Indicative Co-operation projects Invest in Greece in the board of MED ALLIANCE NETWORK, under Invest in
Med 2008 Invest in Greece Agency – the Vice Chairmanship of ANIMA 2009-2012 “ENPI CBC MED Project Selection Committee” selected IiG for 2year EDILE
(Economic Development through Inclusive Local Empowerment ) program 2013
European Trade Promotion Organizations – ETPO - 2014