Second Round of Subsidy for E-shop Construction

The 2nd cycle of the action begins on July 9 E-retail “. The new action " E-retail - Subsidy of existing SMEs in the retail sector, for the development upgrade and management of an e-shop,” aims to subsidize SMEs in the retail sector for the development upgrade and management of an electronic shop (e-shop) in order to support their operation during the coronavirus pandemic, to strengthen the degree of integration of digital technology, as well as their digital transformation and to avoid overcrowding in indoor spaces.

Applications are subsidized up to 5,000 euros to each business with a separate VAT number for the acquisition South Korea Phone Number List of IT equipment and the implementation of intangible actions for the purpose of developing and managing an online store. For upgrading an online store, as long as the company already had it before the subsidy is 1,500 euros. Beneficiaries are medium-sized, small, and very small businesses that operate in the retail sector, and maintain a physical store and their operation has been suspended for at least one day from Wednesday 18 March 2020 onwards.

For newly established companies, the reduction will be considered 100% of their turnover. The action’s budget is 8 million euros for all regions of the country. The action is co-financed by the European Regional Development Fund of the European Union and by national resources. The companies are divided into: – Existing, as long as they have been established up to newly established, as long as they have been established from until the date of the announcement of the Action.