With a total economic allocation up to 3 million euros, this program aims to promote the development of new R&D activities by companies with foreign capital that are already established or with plans to settle in Spain.
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 2022 in one or more of the following Autonomous Communities: Andalucía, Canary Islands, Castilla la Mancha, Comunidad Valenciana, Extremadura, Murcia and Galicia.
The applications must be made through the ICEX Virtual Office:
– In the case of being a company that is not yet established in Spain, and therefore does not have a VAT, you must be registered as “Particular”. In the event that the “particular” does not have a NIE or DNI, s/he must send an email to the following address: financiacion.investinspain@icex.es in order to generate manually user and password.
– In the case of being a company already established in Spain, and having a NIF, you must be registered with the “Empresa” profile.
Once the account is created, you will access with your username and password to process your application.
In order to complete the application, it is necessary to download the Annexes from the “Documentation and annexes” section and, once filled in, to upload them through the Virtual Office.
More information: ICEX-Invest in Spain T (+34) 91349 71 00