People who have been declared beneficiaries of the entrepreneurship support services provided in the offices as of March 14, 2020 will be entitled to this reduction.
People or commercial entities that have been or are declared beneficiaries of the aforementioned services between March 14 and December 31, 2020 may also benefit from this reduction.
The only requirement, in addition to submitting the corresponding application and complying with the provisions of the corresponding call, is that the condition of beneficiary extends to at least two full years.
The approved reduction will have a maximum duration of 12 monthly payments.
In addition, the maximum period of stay in the nursery offices is extended to four years.
The bonus is compatible with the already existing 20% reduction in the public price for those business projects or commercial entities in which the majority of promoters are women.
It is an initiative that is part of a broad aid package with which the Madrid City Council supports economic activity and employment so that SMEs and the self-employed in Madrid can face the serious economic situation caused by COVID-19.
This bonus will take effect on August 1, 2020.