INVESTMENT PROGRAM FOR
FOREIGN COMPANIES IN R&D ACTIVITIES
The scheme seeks to encourage development of new research and development activities by companies with foreign capital which are or plan to be established in Spain. For the purposes of this scheme a company with foreign capital is a company in which Foreign Direct Investment (FDI) accounts for at least 10% of its capital. Foreign Direct Investment is considered to be investment made by a legal entity domiciled abroad or a private individual non-resident in Spain, as long as this investment is at least 10% of the share capital of the abovementioned applicant. Furthermore, the requirement of having foreign direct investment greater than 10% will be understood to have been met not only when this investment has been made directly in the capital of the applicant, but also when that percentage of foreign investment is reached indirectly, through participation in the capital of a third entity which in turn participates in the capital of the applicant company.
The amount of the aid may come to an overall maximum of 200,000 euros per beneficiary in any period of three consecutive fiscal years (De minimis aid regulation) and will be a percentage of the investment made (Community Framework for State Aid for R&D&I (2014/C 198/01).
The activities for which the aid is awarded must be carried out before December 31 2016 in one or more of the following Autonomous Communities: Extremadura, Andalusia, Canary Islands, Castilla la Mancha, Murcia, Galicia and the Valencian Community.
ICEX-Invest in Spain T (+34) 91 503 5813; (+34) 91 349 71 00