New Reinforcement of the Support Line of the Tourism Microenterprises Treasury

New Reinforcement of the Support Line of the Tourism Microenterprises Treasury

Normative Dispatch no. 12/2021, of 27 April 2021, further increases the allocation for the Treasury Support Line for Micro-enterprises in Tourism – COVID-19, by 20 million euros, in order to ensure the continuity of public financial support to micro and small enterprises in the sector.

The fact that the present reinforcement falls within the context of reopening the economic activity means that the performance bonus foreseen for projects submitted and approved under previous reinforcements shall not apply.

In addition, the scope of the CAEs covered has been extended to include land transport activities that prove to be mainly intended for tourism. The eligibility of companies engaged in this activity is conditional on the demonstration by a certified accountant that at least 50% of their turnover in 2019 resulted from the provision of tourist transport services.

This dispatch comes into force on 28 April 2021.

Elsa Rodrigues

Elsa Rodrigues

Founding Partner/Lawyer

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