GENERAL INFORMATION
QUALIFICATION OF NATURAL PERSONS AS ANGEL INVESTORS FOR STARTUPS
An Angel Investor is a taxpayer – natural person – who contributes monetary funds to startups for the purpose of their development.
CONDITIONS
The taxpayer must be a tax resident in Greece or abroad holding a Greek tax registration number. Capital contributions are made in cash exclusively through a bank transfer.
INCOME TAX DEDUCTION
The Angel Investor is entitled to an income tax deduction equal to 50% of the capital contributed to eligible startups. The deduction is granted proportionally per class of income declared in the financial year within which the capital contribution was effected.
The income tax deduction is granted for capital contributions up to a total contributed amount of € 300,000 per financial year, made to up to three (3) different startups and up to a contributed amount of € 100,000 per startup.
The income tax deduction is claimed by the angel investor by including the amount of the contributed capital in the income tax return of the financial year within which the contribution was effected.
The Independent Authority of Public Revenue (AADE) conducts audits on the tax advantage.
