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Target Promoters: Those engaged in international expansion involving the opening of establishments linked to the overseas hospitality industry.
Limit of Funding: Between €75,000 and €5m.
Resources can be assigned to finance non-current assets plus a percentage of the current assets linked to that investment. Depending on the guarantees offered, this percentage can go as high as 80%. In the case of them needing to finance expenditure, this may be financed up to a maximum of 50%, up to a million euros.
Eligible Countries: All countries, except Spain. Priority will be given to the countries included by the Spanish Business Administration in the Integral Market Development Plan (PIDMs).
Types of financial support:
Joint venture loan to the subsidiary with remuneration partly linked to the evolution of the project.
Ordinary loan to the foreign subsidiary.
Loan to its home operation.
Access: Applications must be submitted to COFIDES.
>Other financial instruments