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4th application round of business cost support has started

The application period for the fourth round of cost support begins on 17 August and support can be applied for from March to May. The support period is 1 March 2021-31 May 2021. The reference period depends on the company’s VAT declaration period and the date of establishment of the company.

The support is intended for companies whose turnover has fallen significantly as a result of the COVID-19 pandemic and whose wages and other costs for the support period (1 March 2021 to 31 May 2021) are difficult to adjust. The aim of the cost support is to support businesses in the difficult situation caused by the COVID-19 pandemic and to reduce the number of companies going bankrupt by giving companies more time to adjust their activities and costs once the COVID-19 crisis persists.

Restaurants have suffered from Covid-19 crises.

Cost support and closure compensation can be applied for even if the company has already received other direct subsidies intended to alleviate the consequences of the COVID-19 pandemic. However, the support already granted is taken into account when determining the amount of the cost support, and the total amount of support may not exceed EUR 1,00,0000.

The support can be applied for via the State Treasury’s e-services. The e-service guides you in filling in the application. You can also save the application as a draft and continue filling it out later.

Detailed information and access to the application via this link on State Treasury’s e-services.