The government adapts economic aid to the overseas territories

The government adapts economic aid to the overseas territories

Businesses that are administratively closed for more than 21 days per month and that show more than 20% loss in sales volume will be able to benefit from the “reinforced” Solidarity Fund.

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Emergency economic assistance measures will be adapted “To respond to the specific health situation of the Overseas Territories”On Sunday, August 1, the government announced in a communication (PDF). While Guadeloupe, Saint Martin, Saint Barthelemy, Reunion Island and Martinique are in a state of health emergency, the government is providing a series of aid to Protection of offshore companies Effects of the Covid-19 crisis.

Thus, businesses are administratively closed for more than 21 days in a month For 30 days so far Accusing more than 20% of losses in turnover will be able to benefit from the “reinforced” solidarity fund (20% of turnover up to 200,000 euros).

Companies in sectors said “protected” (Tourism, Events, Culture, Sports and Entertainment, Hotels and Restaurants, Transport, etc.), subject to a state of emergency for more than 21 days in August, will benefit from the “reinforced” Solidarity Fund on the same terms as the month in June, up to 40% of the loss their sales. They will also be able to benefit from the exemption from employer contributions and“More convenient assistance scheme for paying social fees.”

for sectors “unprotected”Companies with fewer than 50 employees and more than a 20% turnover loss that are held for more than eight days per month will benefit from compensation for their sales loss of up to 1,500 euros.

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Partial activity without out-of-pocket expenses will still be available for administratively closed or partially closed companies and for companies experiencing a loss in turnover of more than 60%. “Once its established lands are subject to restrictive measures”. Other companies will be able to benefit from the partial activity of 15% of the remaining expenses thanks to the long-term partial activity or 25% of the remaining expenses of the protected sectors.

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