I’m a trader : I wasn’t obliged to close my business, but the turnover is almost nil at the moment. Am I entitled to any help?
I’m a trader : I wasn’t obliged to close my business, but the turnover is almost nil at the moment. Am I entitled to any help?Last update: 19/05/2020
Yes, depending on the structure of your business, you can apply for either the Exceptional Minimum Income (for sole trader activities) or the Business Support.
Do not forget that receipt of this subsidy – whether the Exceptional Minimum Income or the Business Support – does not prevent you from applying to your bank for a cash flow loan or an overdraft facility, which will be guaranteed by the Monegasque Guarantee Fund.
For more information consult Public Services for Businesses website.
Please note :
These measures expired on 15 May 2020.
If you are recipient of Exceptional Minimum Income or Business Support for March, it will be paid automatically for April, you will not need to do anything further.
However, any new applications received after 15 May will not be accepted.