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Government Support Programs — Subsidies for Equipment, ISO, Digitalisation

Overview of Montenegro's program lines for enhancing economic competitiveness: subsidies for equipment modernisation (35 %), ISO certification (70 %), digitalisation (50 %), non-repayable funds up to €10,000.

FP Finance Plus 13 August 2021

We want to raise the standard of care for your finances — so that your finances are in the plus (as much as possible).

Given the state-funded subsidy opportunities for activities such as the purchase of equipment, software, digitalisation, standards and the like — and knowing that the health and economic crisis plus rising inflation are evident — we recommend reviewing the most important information and taking advantage of what is on offer.

Especially when purchasing additional computer equipment, obtaining ISO quality certificates and for digitalisation.

Overview of program lines

1. Program line for the modernisation of production processes

Business entities that meet the requirements and have been granted a loan for the purchase of equipment by IRFCG or commercial banks are eligible for non-repayable support:

  • Up to 35 % of the equipment purchase value (net invoice value excluding VAT and incidental costs)
  • The remaining 65 % of the value is covered by the IRFCG or commercial-bank loan — or in combination with the applicant’s own funds

2. Program line for support of small investments

The company finances 100 % of all costs until the completion of the activity it is applying for. After documentation is submitted, the Ministry of Economic Development approves a refund of:

  • Up to 50 % of eligible costs excluding VAT
  • Minimum amount: €500
  • Maximum amount: €6,000 excluding VAT

Additional bonus: if the founding ownership structure of at least 50 % consists of women and/or persons under 35:

  • Maximum support intensity: up to 80 % of eligible costs excluding VAT
  • Maximum amount: €7,500

3. Introduction of standards (ISO certification and similar)

Same refund principle — up to:

  • 70 % for micro and small enterprises
  • 60 % for medium-sized enterprises
  • Maximum: €4,000 excluding VAT

Bonus for women and young owners (min. 50 % ownership):

  • Up to 80 % of eligible costs
  • Maximum: €5,000

4. Program line for digitalisation support

  • Refund: up to 50 % of eligible costs excluding VAT
  • Maximum: €6,000 excluding VAT

Bonus for women and young owners:

  • Up to 80 % of eligible costs
  • Maximum: €7,500

5. Program line for incentives in the circular economy

(Investment in wastewater)

Refund:

  • Up to 70 % for entrepreneurs, micro and small enterprises
  • Up to 60 % for medium-sized enterprises
  • Maximum: €10,000 excluding VAT

6. Program line for mentoring services

(Non-financial support)

7. Program line for entrepreneurship development

(Non-financial support)


Contact Finance Plus for more information — we will prepare complete documentation and walk you through the application procedure for any of these program lines.

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