Applications for Portugal Events open soon
Yesterday, the Program to Support the Organization of Events of Tourist Interest, called Portugal Eventos, was approved in the context of the new programs to support companies, which are part of the measures for the resumption of tourist activity.
With an endowment of 5 million euros for non-repayable support, these support the destination to companies, associations or non-governmental associations, as well as tourism secretariats of the autonomous regions and regional tourism entities.
To be eligible, they must take the form of three types of events:
1 – Major events of an international dimension, which take place in Portugal, of a sporting, artistic, cultural, scientific or other nature, which are relevant for attracting foreign tourists and for the international promotion of Portugal as a tourist destination, as well as prove to be innovators and harbingers of trends – 50% incentive of eligible expenses, up to a limit of one million euros.
2 – Events of relevant relevance, of an artistic, sporting, cultural, entertainment or business nature, that meet one of the following characteristics:
a) contribute to the projection of the image of tourist destination in the region where they are held, to increase the notoriety of this region in the domestic market (widened) and to improve the tourist experience for international national tourists and non-residents in the region;
b) in the case of taking place outside Portugal, which reinforce the image of Portugal as an innovative country, a precursor of trends and authentic – 50% incentive of eligible expenses, up to a limit of 250 thousand euros.
3. Associative or corporate events not consolidated in the calendar of the territories where it takes place – fixed incentive, regional for the number of overnight stays, which can go up to 50 thousand euros.
Eligible expenses include the rental of spaces and equipment, accommodation and meals, air transport and transfers, publicity and communication material, event organization and management services, among other expenses that prove to be essential to the organization of the event.
To access this incentive, beneficiaries cannot be indebted to the State, Social Security or Turismo de Portugal and must also demonstrate that they have secured material and financial conditions required of the organization.
How can Moneris help?
Moneris’ Corporate Finance team is committed to helping its clients to resume their activity with the support and incentives available and tailored to their needs.
In the context of Tourism, we also have experts from our Tourism Competence Center, who understand the challenges and opportunities of one of the sectors most affected by the pandemic.
For this type of incentives, an early preparation of the application and basic elements is essential, as these are often funds included and made available in the order of entry of the applications.
Contact us for more information at [email protected].