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Summary
Table of POE financial incentives for restaurant and bar establishments:
| Financial
Incentive (a) |
Type
of Project |
Minimum
Investment Amounts |
Nature
of Incentive |
| Micro
Empresas |
SME |
Non
SME |
| SIPIE |
Hotel
Establishments(HE), Complementary Accommodation Facilities(CAF),
Camping Parks(CC), Rural Tourism(RT), Restaurant and Bar
Establishments(RBE), Nature Tourism(NT), Tourism
Entertainment(TE), Travel Agencies(TA), Rent-a-Cars(RC),
Others(O) |
>
€ 15.000 |
>
€ 15.000 |
Non
applicable |
Non-reimbursable |
| SIME |
HE,
CAF, CC, RT, RBE, NT, TE, TA, RC and O |
>
€150.000 |
>
€150.000 |
>
€600.000 |
Reimbursable.
Implementation Bonus. |
| SIVETUR |
HE,
CAF, CC, RT, RBE, NT, TE, TA, RC and O integrated
within classified heritage (1) |
>
€150.000 |
>
€150.000 |
>
€600.000 |
Mixed
subsidy |
| Sustainable
tourism projects involving
HE,
CAF, CC, RT, RBE, NT, TE, TA, RC and O located
in protected areas or contiguous zones (2)
|
>
€150.000 |
>
€150.000 |
>
€600.000 |
Interest-free,
reimbursable |
(a)
This table does not include the incentive scheme associated to
the PITER programme
(1)
Classified heritage or heritage in the process of being
classified in one of the following modalities: national
monument, building of public interest, or building of
municipal value (Law no. 107/2001, of September 8)
(2) Contiguous Zones to Protected areas are defined as zones
that are located within a municipality that falls within, or
has a common border with, a protected area.
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PROREST
II
| Maximum
amount per project |
Maximum
time period |
Remuneration |
80%
of the investment cost (50% IFT + 50% bank), that may not exceed
the lower of the following amounts:
a) € 99.759,58 (1)
b) 50% of turnover (2) |
Capital
repayment-holiday 1 year Reimbursement 4 years (3) |
Bank
* Euribor plus spread (4);
* Commission (5)
IFT
70% of Euribor (6)
|
(1)
Maximum amount is reduced to ¤ 24.939,89 when, although the
respective establishment began trading less than a year ago,
the promoter has acquired a commercial establishment that has
been trading for more than 4 years
(2) Turnover is calculated in function of a Model 22
declaration or equivalent document
(3) Reimbursement may be made in: - 4 annual instalments,
equal and successive, whereby the first 2 years are due after
the date of the contract governing the operation; or - 8
six-monthly instalments, equal and successive, whereby the
first 18 months are due after the date of the contract
governing the operation; or - 16 quarterly instalments, equal
and successive, whereby the first 15 months are due after the
date of the contract governing the operation.
(4) The maximum interest rate is Euribor at 3, 6 or 12 months
plus a spread of 4%, rounded up to the higher eighth of a
decimal point
(5) In addition to the interest rate to be applied, the bank
may charge the promoter an annual commission, but the sum of
the commission and the spread may not exceed 4% per annum.
(6) Index (Euribor) defined for 3, 6 or 12 months, rounded up
to the higher eighth of a decimal point.
Note:
The amounts indicated in euros result from a rigorous
conversion from escudos and not amounts that were originally
stipulated in euros.
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