Title “Investment strategy” on the image of the “Private sector financing on Development Countries” conferences day organised by COFIDES
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ICO internacionalization line

The most relevant characteristics of the financial support provided by this fund are as follows:Logotipo ICO

  • Eligible projects: investment projects undertaken abroad by Spanish companies. Companies are classified into the following categories:

CATEGORY I: SMEs

Small and medium-sized Spanish companies, defined to be those meeting the following requirements:

  • Fewer than 250 employees.
  • Yearly turnover under 50 million euros or annual balance sheet under 43 million euros.
  • Limitation to less than 25% of the share capital of applicant company holdings, if any, in another company or companies not meeting the above small or medium-sized company requirements.
  • Limitation to less than 25% of the share capital of holdings in the applicant company, if any, by another company or suite of companies not meeting the above small or medium-sized company requirements.

CATEGORY II: ALL OTHER COMPANIES

  • Spanish companies not subject to SME restraints but legally established as mercantile limited or cooperative companies with a majority of Spanish capital, including firms headquartered in Spain as well as those with registered offices abroad.
  • Types of financial support: medium- and long-term loans to the Spanish project sponsor or the project company, if a majority of its share capital is Spanish.
  • Ceiling: The maximum sum by company and year is:
  • CATEGORY I: up to 2 million euros in a single or several operations.
  • CATEGORY II: up to 10 million euros in a single or several operations.
  • Present capital endowment (2010): 1,000 million euros.
  • Access: applications may be submitted to COFIDES or any other financial institution offering this line of financing.
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