The bill of the Ministry of Development entitled “Incorporation of Article 1 of Directive (EU) 2019/1151 in the part concerning disqualified directors and other urgent provisions” was submitted to the Parliament.

The purpose of the bill is to protect persons who interact with companies or branches of companies, by preventing any fraudulent or abusive behavior that is ensured through the refusal to appoint a natural person as a manager of corporate affairs (excluded director), taking into account not only the previous behavior of the person in question due to a person in the territory, but also using information provided by other member states of the European Union.

The object of the bill is the incorporation of article 1 of Directive (EU) 2019/1151 of the European Parliament and of the Council of June 20, 2019, regarding the use of digital tools and procedures in the field of commercial law (L 186), and in particular regarding the exclusion of natural persons from the management of corporate affairs (excluded directors).

The bill also includes a provision that provides that companies, whose investment plans have been subject to Laws 3908/2011 and 4399/2016 and by December 31 of each year, have submitted an application for the certification of implementation of a rate of fifty percent (50%) or sixty five percent (65%) of the physical and economic object of their investment plan or its completion, are entitled to the use of the tax exemption incentive benefit, for the incomes acquired within this tax year, as long as the certification decision is issued by the deadline submission of income tax returns for the corresponding tax year.