Eligible businesses

Any business, including large companies, with a business permit.

Liberal professions, businesses whose activity is regulated by a state concession and nurseries are eligible provided they have been accredited by the respective ministry concerned.

Eligible costs

All costs resulting from the losses suffered as a direct consequence of the natural disaster are admissible costs. The loss must be assessed by an approved independent expert or an insurance claims assessor.

The loss can include material damages caused to assets such as buildings, equipment, machinery or stocks.

In order to benefit from aid to remedy the damages caused by earthquakes, landslides, floods, tornadoes, hurricanes and wild fires of natural origin, it is necessary that:

• the Government in Council has officially recognised the event as a natural disaster; and
• there is a direct causal link between the natural disaster and the damages suffered by the business concerned.

Aid schemes granted to remedy the damages caused by natural disasters will be granted within 4 years from the occurrence of the natural disaster.

Submitting the application

The application for investment aid is to be submitted using the online assistant available on MyGuichet.lu.

The person filing the application (the applicant themselves or their representative) must have a LuxTrust product or an electronic identity card (eID).

Supporting documents

Applications for aid must include the following information and documents:

• the name and size of the business (any document deemed necessary for the determination of the size of the business may be requested);
• the report drafted by an independent approved expert or an insurance claims assessor.

Maximum amount of financial aid

The amount of aid is not limited. However, it is not possible to have an old and used item replaced by a new one.

The value of the material loss will be calculated based on the repair costs of the asset concerned or on its commercial value prior to the occurrence of the natural disaster. The expert's report must precisely indicate and detail all the movable and immovable assets damaged as well as its value.

The amount of aid may not be less than:

• EUR 1,000 for micro and small enterprises; and
• EUR 5,000 for small and medium-sized enterprises, except for those that are in a state programme of entrepreneurial performance.

The value of the material loss does not exceed the repair costs or the decrease of the commercial value caused by the natural disaster (the difference between the value of the asset immediately before the occurrence of the natural disaster and its value immediately after the natural disaster).

Payment of the aid

The aid may take the form of a capital grant, a recoverable advance payment, a guarantee or an interest relief.

The capital grant or recoverable advance payment is paid out after the completion of the project, programme or activity.

However, one or more instalments may be paid out as and when the investments for which the aid was granted are made.

The person filing the application for payment (the applicant themselves or their representative) must have a LuxTrust product or an electronic identity card (eID).

The request for payment must be submitted within 12 months of the project end date specified in the grant decision, failing which it will be time-barred. The deadline, before it expires, can be extended by 12 months upon duly justified and substantiated written request to the minister, if reasons beyond the company's control will make it miss the initial deadline.

Procedures

Links