Greece: Tax deduction, capital contributions to startups by “angel investors”

Guidance providing terms and conditions qualifying individual as an “angel investor” in startups

Terms and conditions qualifying an individual as an “angel investor” in startups

The Ministry of Finance issued guidance (Decision A. 39937/9.4.2021) providing the terms and conditions qualifying an individual as an “angel investor” in startups.

Under the guidance, an angel investor may be allowed to deduct €300,000 from taxable income per tax year for capital contributions made to startups, for a maximum of three separate startups and up to €100,000 per startup.

The guidance also provides the form, time, and characteristics of a capital contribution; the process of taxable income deduction of the angel investor; and other relevant topics for the application of the provisions.

Read an April 2021 report [PDF 368 KB] prepared by the KPMG member firm in Greece

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