On June 19, 2020, the Czech Ministry of Industry and Commerce launched its long-awaited new subsidy programme “COVID – Rent”.
The programme aims to help entrepreneurs who have been prohibited by extraordinary governmental measures from the sale of goods and providing services in their establishments. It envisages the following model of participation: the landlord discounts 30% of the rent for the second quarter, the tenant pays 20% of the not-discounted rent and the state contributes 50%. If the lease agreement is with the state, it contributes 80%.
Applications can be submitted electronically from June 26, 2020 at 9 a.m. until September 30, 2020.
The whole application procedure will be completed online including all of the confirmations and forms needed, while the applicant’s identity will be verified via NIA – electronic identity.
The maximum amount to be granted to one applicant is limited to 10 MCZK.
Feel free to contact our experts or your ordinary contact persons at our firm, should you need any more details about this opportunity or any assistance.