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News 4th of January 2021 By Alexia De Poorter

Apply now for the next part of the New Flemish Protection Mechanism

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Apply now for the next part of the New Flemish Protection Mechanism

What are the conditions?

  • + As an entrepreneur, you must carry on an active business: your enterprise must have stayed open, unless it was forced to shut down due to the mandatory coronavirus measures or closed for the annual holiday period.
  • +You must have started your business before 1 October 2020 and it must have had an active business establishment in Flanders prior to 1 October 2020.

Who is eligible?

  • + Trading companies that were forced to close by the government in the period from 16 November through 31 December 2020. This includes non-essential trading companies that were forced to close after 2 November 2020 but allowed to re-open on 1 December 2020.
  • +Entrepreneurs who can demonstrate a decline in turnover of at least 60% (excluding VAT) compared to the same period in 2019.

Want to apply?

How much support is provided?

  • + EUR 11,250 for enterprises employing up to 9 employees registered with the NSSO 
  • +EUR 22,500 for enterprises employing 10 – 49 employees registered with the NSSO
  • +EUR 60,000 for enterprises employing 50 or more employees registered with the NSSO
Contact us
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Disclaimer
We base our advice on current legislation, interpretations and legal doctrine. This does not prevent the administration from being able to challenge it or to change existing interpretations.
Alexia De Poorter
Alexia De Poorter