"Restarting economic life and businesses" in Saint-Martin is one of the priorities of the President of the Republic who announced support measures.
"The moratorium on social charges will be extended until June 30, 2019. Partial unemployment will continue in 2019 on the basis of one thousand hours per year," he said. Total or partial cancellations of employer contributions may also take place for companies whose activity has been permanently reduced.
Specific measures will be granted to tourism companies. “A stimulus fund for small players in the economy will be set up by the State to help artisans and traders to be ready. On the model of the Cohesia card, stimulus aid will be allocated in the order of 500 to 2 euros ”, detailed the President of the Republic.
In addition, “Saint-Martin will be affected by the overhaul of economic aid for overseas businesses, carried out by the Minister for Overseas”.
Companies will thus benefit from exemptions from increased social charges. Finally, the operating period of hotels benefiting from tax exemption will be reduced from 5 to 15 years.
(More details on www.soualigapost.com)
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