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

The KPMG name and logo are trademarks used under license by the independent member firms of the KPMG global organization. KPMG International Limited is a private English company limited by guarantee and does not provide services to clients. No member firm has any authority to obligate or bind KPMG International or any other member firm vis-à-vis third parties, nor does KPMG International have any such authority to obligate or bind any member firm. The information contained herein is of a general nature and is not intended to address the circumstances of any particular individual or entity. Although we endeavor to provide accurate and timely information, there can be no guarantee that such information is accurate as of the date it is received or that it will continue to be accurate in the future. No one should act on such information without appropriate professional advice after a thorough examination of the particular situation. For more information, contact KPMG's Federal Tax Legislative and Regulatory Services Group at: + 1 202 533 4366, 1801 K Street NW, Washington, DC 20006.