Small and Medium-Sized EnterprisesBusinesses now able to request advance payment from state

Maxime Gillen
As of this Friday, companies and freelancers can request an advance payment of up €500,000 from the state.

The exact amount of the advance will be determined by the general expenses of the company, personnel costs, and rent costs (between 15 March and 15 May). The advance payment will cover a maximum of 50% of the total expenses.

The company has to pay back the amount no earlier than 12 months after obtaining the advance. Application forms and more details can be found on Guichet.lu.

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