Understanding the process
Market Development Support is given following advance payment by the company on production of receipts for costs incurred by companies when carrying out specific activities of a commercial nature in a geographical area determined by contract.
Industrial, commercial or service industry companies based in Monaco are eligible for this loan.
What kind of expenses does it cover?
- Travel and subsistence expenses of employees
- Expenses for upgrading and adaptation of products (approvals, ...)
- Advertising and translation costs
An interview is required to confirm eligibility. Please contact the Business Development Agency for detailed information.
The application for Market Research Support should include supporting documents, notably the budget forecast for the desired guarantee period.
An overall contractual budget is then drawn up.
Firstly the company covers the costs of its commercial activities.
At the end of the guarantee period and based on proof of costs incurred, payment of these costs will be made to the company by the government (within the contractual budget limitations).
Following the guarantee period the company will repay the support given based on profits made from the geographical area specified in the contract.