Επιδότηση Κεφαλαίου Κίνησης Τουριστικών Επιχειρήσεων - ΕΠΑΝΕΚΚΙΝΗΣΗ ΤΟΥΡΙΣΜΟΥ

Tourism Business Working Capital Subsidy – TOURISM RESTART

Working Capital Subsidy for Tourism Hospitality Businesses Affected by the Pandemic - RESTART TOURISM

The Action aims to support the operation of tourism sector businesses after the restart of their operations and in view of the official start of tourism activity for 2021 under the regime of the COVID-19 pandemic. Businesses will be supported by providing sufficient liquidity to restart their economic activity, through non-refundable support of part of the working capital.

Action Budget

THE budget of the Action is 50 million euros for all the regions of the country, which are divided into 300 million euros for Small and Medium Enterprises and 50 million euros for Large Businesses.

This amount may be increased to cover all positively evaluated funding applications.

The Action is co-financed by the European Regional Development Fund (ERDF) of the European Union and by national resources.

Applications and Subsidy

They are subsidized applications up to 400,000 euros per company with a distinct VAT number

Each company will be awarded a total non-refundable grant in the form of working capital, which may amount to a maximum of 5% for businesses with an eligible CPA in category 55 and 2.5% for businesses with another eligible CPA of the 2019 Annual Business Cycle.

For businesses that have started operations within 2019 or within 2020, the non-refundable aid may amount to a maximum percentage of 5% or 2.5% depending on the eligible activity of the reduced turnover of the year of commencement of operations (2019 or 2020).

Businesses that in 2019 were in the construction stage and proved to have no income from business activity of any kind, are awarded a total non-refundable grant that may amount to a percentage of 5% or 2.5% depending on the eligible activity, on the full or reduced Business Cycle of the year 2020.

Beneficiaries of the Action

Tourist businesses regardless of their legal form and in particular hospitality businesses of any kind, tourist agencies, as well as tourist bus companies, whose business license can be seen in list Below.

Eligible CADs

Basic Conditions of Participation

Businesses should, among other things, satisfy the following conditions:

To have started work by 31.12.2020.
To have completed at least 1 EME of salaried work in the year 2019. The condition is presumed to be fulfilled in the case of businesses established within 2020 and for businesses that in the year 2019 were demonstrably in the construction stage and had no income from business activity of any kind .
To have until 31.12.2020 as the main activity code or the activity code with the largest income one of the eligible KAD of Chapter 6: "ELIGIBLE FIELDS OF ACTIVITY". Specifically, for businesses starting operations before 01.01.2020, the audit is carried out on the basis of the KAD with the largest revenue, as indicated in the relevant Field of Form E3 Tax Year 2019 submitted in the year 2020. For businesses starting operations within 2020 , as well as for companies that were in the construction stage in 2019, the control is done based on the main activity KAD.
To keep simple or double written books of Law 4308/2014.
To be obliged to submit VAT Returns.
To present a decrease in their turnover in the year 2020, of at least 30% in relation to the turnover of 2019.
To submit one Funding Application per VAT number and only for one eligible Activity Code Number, for all the tourist accommodation facilities they have or their other tourist activities.

It is pointed out that the working capital cannot be used for the establishment of a new tourist facility, as the working capital grant is only given as a measure to deal with the consequences of the health crisis.

Businesses that have entered into franchise agreements, in the capacity of franchisor or franchisee, declare this in the funding application and are checked during the verification stage as to whether they are connected businesses, in order to determine the aid that is counted for accumulation control.

Subsidized Expenses

The start date of expenditure eligibility is 1 April 2021.

The working capital advance paid must have been spent from the start date of expenditure eligibility by 31.12.2021. This will be demonstrated under the Codes: