Coronavirus: Financial Help for small enterprises in Berlin

March 24, 2020

By RA Till Heinrich

The state of Berlin has decided on an emergency fund for small and micro enterprises that have been particularly hard hit by the Corona crisis. This is intended to help freelancers* and solo self-employed persons in particular, as well as small businesses with a maximum of five employees.

The aim is to enable them to obtain financial aid quickly and with a minimum of bureaucracy to secure their professional or business existence. It is also important, however, that these funds are only intended to bridge the gap until the people concerned take advantage of other assistance from the federal and regional governments.

The basic conditions are:

  • Proof that a subsidy is necessary to secure their professional or business existence in the Corona crisis;
  • other federal aid programmes or entitlements from social security and other statutory benefits (e.g. short-time working allowance, basic income support) must also be claimed in parallel;
  • The amount of the subsidy is limited to 5,000 euros; however, individuals can apply for a subsidy again after 6 months, companies after 3 months.

 

The concrete programme is currently being developed and is expected to be implemented in the week of 23 - 27 March 2020. The federal government has also announced an emergency fund for small businesses. Inform about this as soon as they have been presented.

Necessary and helpful documents

We recommend that you prepare the following documents now. These will be useful to you in any case, no matter what help you will need:

  • Current full extract from the Commercial Register, if available
  • Annual financial statements of the last two years as well as a current business analysis including a list of totals and balances or a revenue-surplus statement
  • Liquidity planning for 12 months

Prepare now to be able to submit this application as soon as it is available. We will be happy to support you!

 

What can we do for you

  • All of the funding offers from the federal and state governments have in common that they are complicated to apply for and thus present major hurdles, especially for non-German-speaking entrepreneurs.
  • Take advantage of our expertise in working with foreign entrepreneurs. We will be happy to support you in finding and applying for the ideal funding for you.

 

About us
vpmk Rechtsanwälte Legal Services in Berlin and Stuttgart specializes in advising international clients. With our international team we can help you in many matters and in several languages and support you.

If you are interested in our services, please do not hesitate to arrange a phone appointment or an appointment via Skype or Zoom and get advice and legal representation without leaving the comfort of your own home. vpmk Rechtsanwälte are available, our law firm’s operations are not affected by the current situation.

Also to be read on anwalt.de

 

 

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