ICO internacionalization line

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

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.

NEWS