Informative Note

Coronavirus: Startups relief measures

29/04/2020

On 21 April, the Ministry of Economy and Digital Transition announced a set of relief measures specifically addressed to Portugal’s more than 2500 startups, to mitigate the impact of Covid-19 on the national entrepreneurial ecosystem.

The package of relief measures, with a total of amount of €25 million, includes five new measures and two pre-existing measures (relaunched and adapted to the current situation). It is estimated that, on average, each startup could potentially benefit from support in the amount of €10,000.

On the same date, Council of Ministers Resolution 29/2020 was published to set out the general principles for the creation and regulation of Technology Free Zones. These principles make it possible to establish a legislative framework that promotes and facilitates the activities of research, demonstration and testing in a real-life environment, of technologies, products, services, processes and innovative models in Portugal.

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Stronger on the other side

PLMJ has created a multidisciplinary team dedicated to analysing the legal and operational challenges that businesses are facing. Our team’s mission is work hand-in-hand with our clients to find the best solutions to mitigate the risks and to relieve some of the pressure they are under.

We have created a Coronavirus Hub to share practical information to help mitigate the risks for companies in Portugal.

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