Financing and Leasing Scheme



The applicants for financial leasing must:

  • have viable business idea which implementation will create sustainable work places;
  • have a good name among the public;
  • be ready to provide at least 20 % of the amount of the investment (for unemployed people at least 10%) as an affiliation fee.

 

Criteria for existing enterprises:

  • The enterprise has to be registered and/or work on the territory of Shumen District.
  • The enterprise has to deal in the field of production and/or services;
  • The enterprise has to have limited access to financing;
  • The enterprise has to prove profits compared to the average in the relevant sector;
  • The enterprise has to have an annual turnover (turnover from all business transaction and services for the previous year) amounting up to 1,000,000 BGN or tangible fixed assets (TFA) amounting up to 800,000 BGN;
  • The people employed with a labour contract at the moment of applying have to be not more than 50.

 

Criteria for start-up companies:

  • The enterprise has to be registered and/or operate on the territory of Shumen District.
  • The start-up company has to deal in the field of production and/or services.

Required Documents


Required documents for sole proprietors, commercial partnerships and co-operations:

  • Verdict for registration in the companies register;
  • Court certificate for actual status of the company, issued not later than 1 month before submitting the application;
  • Certificate for tax registration;
  • Certificate for BULSTAT registration;
  • Certificate for VAT registration /if applicable/;
  • Profit and loss statement for the previous year /it is not applicable for start-up companies/;
  • Company balance sheet for the previous year /it is not required for companies with single entry accounting and for start-up companies/;
  • Abstract from the tangible fixed assets and depreciation schedule /if applicable/;
  • Tax return for the previous year, endorsed by the National Revenue Agency /it is not applicable for the start-up companies/;
  • Tax clearance certificate /it is not applicable for start-up companies juridical person/;
  • Certificate for liabilities towards social and health insurance (it is not applicable for start-up companies/;
  • References from the service bank /if there is a bank account/;
  • The Decision of the General Assembly/ Managing Board/ Board of Directors/ the Sole Owner of the share concerning the leasing under Financial Leasing Scheme of NGO, concerning the signing of an estoppels letter and establishing a registered pledge in favour of the NGO (for the commercial partnerships/;
  • Three offers for the wanted goods /for unusual or unique goods/machine/equipment, which are not supplied by three different companies on the territory of the country, it is possible not to meet this requirement/;
  • Statement for the best offer selection, signed by the applicant and the NGO.

Required documents for physical person /people doing services with their work, craftsmen, agricultural producers and unemployed people/:
  • Registration card /for agricultural producers/, certificate for entering the craftsmanship register /for craftsmen/, certificate for unemployed registration /for the unemployed people/;
  • Declaration for the activity under chapter ղV of the Personal Income Tax Act /for the people doing services with their own work/;
  • Tax clearance certificate;
  • References from the service bank /if there is a bank account/;
  • At least three offers for the wanted goods /for unusual or unique goods/machine/equipment, which are not supplied by three different companies on the territory of the country, it is possible not to meet this requirement/;
  • Statement for the offer selection, signed by the applicant and the NGO.

What can JOBS leasing be used for?


Financial leases are disbursed for any tangible fixed assets (machines, equipment, vehicles, agricultural machinery, etc.) The items purchased under the Financial Leasing Scheme are to be used only in production and/or service companies. Equipment for consumer use is not allowed to be purchased under the leasing scheme.

Interest
The interest of the financial leasing for applicants is formed from the base interest rate plus 10 percentage points. The base interest rate is defined by Bulgarian National Bank and is updated monthly.

Terms
The leasing period is between 12 and 48 months. There is a 6-month grace period. For unemployed people the grace period is up to 9 months.

Maximum Lease Amount:
Maximum lease amount under the financial leasing scheme is not more than 30,000 BGN, and for new machinery liable to registration regime up to 35,000 BGN. For unemployed people the maximum lease amount is up to 15,000 BGN.

 


Links




Jobs BG
Europe Direct - Shumen