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Decree Law No. 64/2021


Publication: Republic Diary No. 145/2021, Series I of 2021-07-28
  • Issuer: Presidency of the Council of Ministers
  • Diploma Type: Decree Law
  • Number: 64/2021
  • Pages: 17 - 19

Summary in plain english

What is it?

This decree-law approves the creation of the Treasury Support Line for Micro and Small Enterprises (SME Support Line).

What is going to change?

The support is granted in the form of a reimbursable allowance until 31 December 2021.

The initial allocation of the SME Support Line is 100 million euros, which may be increased by a decision of the Government members responsible for the areas of economy and finance.

The characteristics of the support (maturity date, grace period and interest rate) are determined by the Government members responsible for the areas of economy and finance, through a decree.

Who can benefit from the SME Support Line?

The micro and small enterprises, from any sector of activity, in a situation of business crisis, which comply and demonstrate compliance with the conditions set out in that ordinance.

The beneficiary companies commit to maintain the number of jobs existing on 1 October 2020 for a minimum period of one year after the granting of the funding.

During this period, companies cannot promote collective dismissals, due to job extinction or inadaptation.

Managing entity of the SME Support Line

IAPMEI - Agência para a Competitividade e Inovação is responsible for managing the SME Support Line and, among other competences, for approving the reimbursable allowance to be granted in each specific case.

What advantages does it bring?

The creation of the SME Support Line guarantees assistance to the treasury of micro and small companies that are in a situation of business crisis.

When does it enter into force?

This decree-law enters into force on the day following its publication.

Original Version

LEGAL TRANSLATOR

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CONSOLIDATED LEGISLATION

Legislative consolidation integrates the various amendments and rectifications made into an original legal diploma in order to make its consultation more accessible to the citizen.