Local Economic Base
INVESTMENT FROM 50,000 TO 350,000 TRADE
FROM 50,000 TO 500,000 CATERING AND SERVICES
Incentive (non-refundable allowance)
35% to the islands of S. Miguel and Terceira.
40% to the islands of Faial and Pico.
45% to the islands of Santa Maria, Graciosa, S. Jorge, Flores and Corvo.
Execution prize can be added up to a maximum rate of 60% for medium-sized companies and 70% for small-sized companies.
The maximum value of incentive for project is €4,000,000.
Object
Investment projects in sectors of activity aimed at internal demand and focused on satisfying the needs of the local market, providing the modernization and restructuring of companies, with productivity gains, that generate induced effects on rural development.
Beneficiaries
Individual Entrepeneurs (ENI), Comercial Companies, Cooperatives, Complementary groupings of companies.
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 SME criteria;
- Do not submit a new application for the same establishment, without the investment previously approved under this measure being completed;
- Present a minimum Financial Autonomy ratio of 20% in the pre-project year.
Operations elegibility
- Fulfill the general acess requirements of DLR No. 20/2023/A of May 31;
- Be supported by a strategic analysis and an economic-financial feasibility study, prepared by a accredited professional who, in addition to demonstrating the economic and financial viability of the investment, identifies the areas of critical competitiveness for the market in which it operates, providing the basis for the options of investment considered, and include a plan for hiring and training human resources that is consistent with the investment to be made;
- The operations must have a maximum duration of execution of 3 years (for investiments exceeding €200,000) and 2 years (for investments up to €200,000), counting from the day of the decision notification;
- The minimum percentage of own capital is set at 20%.
Expenses elegibility
- Acquisition of degraded properties, amounting to 30% of the acquisition value, with a maximum value of €100,000;
- Acquisition of properties for intervention in urban centers, amounting to 30% of the purchase value, with a maximum value of €125,000;
- Construction and rehabilitation of buildings and various constructions and rehabilitations, using traditional construction methods, up to a limit of 60% of the eligible investment, except for projects that fall within the scope of the Construction activity;
- Construction and rehabilitation of buildings, and other constructions and rehabilitations as long as they meet the requirements of sustainable construction guided by technical criteria, with the exception of projects that fall within the scope of the Construction activity;
- Acquisition of goods and equipment, including transportation, insurance, assembly and disassembly;
- Acquisition of heavy and light goods vehicles and other transport equipment, up to 30% of the eligible investment with a maximum value of €200,000, 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.
- Acquisition of services related to the instruction of the certification process, qualification or registration of additional expenses, technical and consultancy assistance, tests and measuring and monitoring devices, calibrations and dissemination actions, as long as the tests are carried out by laboratories certified by the Portuguese Quality System;
- Hardware and software, including initial website development up to 30% of the 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 15% of the eligible investment;
- Costs associated with patent and trademark registration applications, namely fees, emoluments, renewal, research related to the state of the technique, design and production of prototypes of the technologies developed and consultancy fees on industrial property matters in the instruction phases processes, as well as their valorization, namely in licensing processes, technology transfer and support for the creation of companies emerging from them;
- Technical assistance in planning, control and management related to quality, environment and safety, production, technological modernization and best available techniques;
- Expenses related to investments in quality, safety and environmental management certification;
- Marketing and communication plans, up to 10% of the eligible investment, with a maximum value of €50,000;
- Architectural and engineering projects, or others associated with the subject, limited to 4% of the eligible investment;
- Preparation of payment requests with the intervention of Certified Accountants and Chartered Accountants up to a limit of 1,5% of the eligible investment and with a maximum value of €10,000;
- Studies or reports within the scope of the "do no significant harm" principle, up to a maximum value of €15,000.
- Investment presentation video, in projects with eligible expenditure exceeding €500,000, lasting no less than 1 minute, up to a maximum value of €1,500.
Beneficiaries obligations
- Affect the project to the activity and geographical location for a minimum period of 5 or 7 years (if the investments are up to, or superior to €200,000), 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.