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.

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.