New emergency allowances for micro and small businesses

On 22 April 2020, on the proposal of the Minister for Small and Medium-Sized Enterprises, Lex Delles, the Government Council approved two draft Grand Ducal Regulations aimed at putting in place new financial support measures for micro and small commercial and craft enterprises.

Companies employing between 10 and 20 people will thus be able to benefit from a one-off allowance amounting to a lump sum of Euro 12,500.

To this is added an extension of the lump sum compensation of EUR 5,000, created by Grand-Ducal Regulation of 25 March 2020, for the benefit of companies with fewer than 10 employees obliged to close down or cease their activities, to companies which, without having been subject to such a measure, suffer a loss of at least 50% of their turnover during the period from 15 April 2020 to 15 May 2020.

An additional compensation of EUR 5.000 is also granted to companies with less than 10 employees who have not been authorised to resume their activities or who, although having been authorised to resume them, suffer a loss of at least 50% of their turnover during the period from 15 April 2020 to 15 May 2020.

The Minister for Small and Medium-Sized Enterprises, Lex Delles, points out that "we are strengthening immediate financial support for micro and small businesses because they are generally the most vulnerable to unpredictable events such as COVID-19. ​ Effective and rapid support is essential in times of crisis".

Detailed information will be available as of Friday on the Guichet.lu website. The application form, which will be processed by the General Directorate for Small and Medium-Sized Enterprises, will be available on Guichet.lu next week. The request is submitted through an online assistant available through the professional area of MyGuichet.Lu using a Luxtrust product (e.g. Token, Smartcard or Signing stick) or an electronic identity card. This online application was developed by the Ministry of the Economy with the support of the Government IT Centre (CTIE).

Press release by the General Directorate for Small and Medium-Sized Businesses