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DEVELOPMENT LAW

Development Law Support Scheme “Entrepreneurship of Very Small and Small Enterprises”

The aim of the scheme is to provide a full framework of incentives aiming at business initiatives in Very Small and Small Enterprises that wish to make an initial investment on one of the following eligible sectors.

  • Primary Sector (JMD 108621/17.10.2016 & 129229/24.11.2017)
  • Manufacturing
  • Information and communication technologies (ICT)
  • Tourisms (conditionally)
  • Logistics
  • Energy Sector (with significant exceptions)

Total Public Expenditure: €150 mil. (€145 mil. for the subsidy, leasing subsidy & cost subsidy of the created employment, €5 mil. related to tax exemption)

Investment amount:
>50.000€
Subsidy:
30%-55%
Deadline:
30/10/2020