The opening of a new filing session for Financing Requests under G.D. 332/2014
The Ministry of Public Finance announced that between 12.06.2017 – 23.06.2017 there will be a new session for registering Financing Requests based on the provisions of Government Decision 332/2014 (as subsequently modified by Government Decision 784/2014) for the implementation of a state aid scheme to support investments creating a minimum of 10 jobs, out of which three positions must be created for disadvantaged workers.
The state aid will be granted as non-reimbursable funds covering eligible expenditure resulting from salary costs (including social contributions) recorded for a period of two consecutive years, within the limit of the average national gross salary. The state aid scheme shall be available until December 31, 2020 and shall have a total budget of approx. €600 million. Payment of state aid shall be made during 2015 – 2025. Financing Requests, together with supporting documentation, can be submitted between 12.06.2017 – 23.06.2017. The budget for this session is 106,293 thousand lei. More details
Dentons and Finexpert – a one-stop shop for legal and tax advice
Obtaining state aid financing is a complex process that requires legal and tax advice. Dentons and Finexpert have gained significant experience in the process of accessing non-reimbursable funds granted under the state aid schemes approved in Romania.
How we can help?
We assist companies throughout the entire process of obtaining the financing and implementing the project. This includes preparing required documentation (technical-economic and feasibility studies, business plans, contracts, commitments and corporate documents, etc.) and providing support in dealing with authorities during the approval period, in case of amendments to the project, requests for funds reimbursement or during the monitoring and project evaluation stage.
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