Technical details
The program is aimed at Start-ups founded by Romanians in the Diaspora that meet the eligibility conditions set out in the de minimis aid scheme. The main criteria include:
- majority ownership of the share capital by Romanian citizens who have had their domicile or residence abroad for a period of at least 12 consecutive months in the last 18 months;
- the existence of professional experience, training or relevant studies of at least 9 months in the field in which the investment is made or in the management activity;
- maintaining the investment and the shareholding structure for a period of at least 3 years after the completion of the investment.
Beneficiaries must provide a own contribution of at least 10% for investment projects of up to EUR 400,000. For entrepreneurs under 35 years of age, the minimum contribution may be reduced to 5%. For investment projects with a value of over EUR 400,000, the minimum own contribution is 15%.
The minimum value of an investment loan is EUR 5,000, and the maximum value is EUR 500,000. The maximum loan term is 10 years, provided that the final maturity does not exceed 31 December 2037.
