New action for the provision of working capital to tourism companies in order to subsidize operating expenses for the first 2-3 months of restarting their operation.

Beneficiaries

Small and Medium Tourism Enterprises

Hotels, accommodation, rooms to let
Travel agencies / agencies
Tourist bus operations
Franchise companies are included (provided certain regulatory criteria are met).

Subsidized amount

ACCOMMODATION: 5% on the turnover of 2019 and as a maximum subsidy amount of € 400,000 per VAT
OTHER: 2,5% on the turnover of 2019 and as a maximum subsidy amount of € 400,000 per VAT

Inclusion criteria

A) Legal operation.

B) Decent master KAD or KAD with the highest income.

C) Reduction greater than or equal to 30%, between turnover 2020 - 2019

D) MIN staff for the year 2019, equal to 1 EME.

E) Normal VAT Regime

Clarification: Businesses established in 2020 with NON-zero turnover are automatically included in the action.

Submission period:

The start of applications is placed within June and applications can be submitted until 30/9/2021.

The evaluation will be immediate and the disbursement of the grant will be done, without the need to submit a new application!