Small Businesses
Investment from 5,000 to 50,000
Incentive (non-refundable allowance)
50% to the islands of S. Miguel and Terceira.
55% to the islands of Faial and Pico.
60% to the islands of Santa Maria, Graciosa, S. Jorge, Flores and Corvo.
Execution prize can be added up to a maximum rate of 70% for micro and small-sized companies.
Object
Small investment projects who contribute to the improvement of the companies competitivity and a bigger economical and social cohesion.
Beneficiaries
Individual Entrepeneurs (ENI), Comercial Companies, Cooperatives, Complementary groupings of companies (micro and small-sized).
Beneficiaries elegibility
- Fulfill the general access requirements of DLR No. 20/2023/A of May 31;
- Not be a company in difficulty;
- Comply with the criteria of micro and small enterprises;
- Do not submit a new application for the same establishment with a time period of less than 2 years from the date of completion of the previous operation and in a maximum of 2 operations per establishment.
Operations elegibility
- Fulfill the general acess requirements of DLR No. 20/2023/A of May 31;
- The operations must have a maximum duration of execution of 1 year, counting from the day of the decision notification;
- The minimum percentage of own capital is set at 5%.
Expenses elegibility
- Construction and rehabilitation of buildings, and other constructions and rehabilitations;
- Acquisition of goods and equipment, including transportation, insurance, assembly and disassembly;
- Acquisition of vehicles and other transport equipment for projects promoted by tourist entertainment companies and light goods vehicles and other transport equipment, with the exception of the CAE of group 521 - Storage and 52291 and 52292 - provided that:
- The vehicles do not have combustion engines that run on fossil fuels;
- They are essential and appropriate to the exercise of the activity;
- They are not intended for rental without a driver.
- Hardware and software, including initial website development, up to 15% of eligible investment;
- Expenses related with the creation and development of badges, brands and own collections, designs, models and patents, as well as expenses with the valorization of brands, acquired badges, created or constituted, up to a limit of 5% of the eligible investment;
- Technical assistance in planning, control and management related to quality, environment and safety, production, technological modernization and best available techniques;
- Development of the application process, limited to 2% of the eligible investment with a maximum of €500;
- Architectural and engineering projects, or others associated with the subject, limited to 2% of the eligible investment;
- Preparation of payment requests with the intervention of Certified Accountants and Chartered Accountants up to a limit of 2% of the eligible investment and with a maximum value of €500;
- Studies or reports within the scope of the "do no significant harm" principle, up to a maximum value of €1,000.
Beneficiaries obligations
- Affect the project to the activity and geographical location for a minimum period of 3 years, starting from the date of payment of the final balance;
- Do not exclude or overload, for any reason, the project or equipment to which the project relates without authorization from the managing authority;
- Start implementing the project within a maximum period of 90 working days, counting from the date of notification of the decision.