Micro Invest Tax Credits
Up to €70,000 in tax credits at up to 60% aid
This scheme encourages undertakings including start-ups, family businesses and self-employed to invest in their business, so as to set up, expand and develop their operations. The aid is offered in the form of tax credits and an application may be submitted against the expenses incurred during the previous year.
Aid varies from 45-65% of the cost and the maximum tax credits awarded vary from €50,000 to €70,000 depending on the location and formation of the business.
Start-ups are able to utilise the tax credits awarded within 5 years of them being issued and more established businesses are able to utilise the tax credit certificate within 3 years from issuance.
Eligible costs include:
Increase in wage costs
Furbishing and refurbishing costs
Capital investment costs
Software licenses
Certification costs
Commercial vehicles
Contact us on info@fundingsupport.eu for more information about this scheme.