Prague Launched Third Round of Covid Aid for Local Businesses

In November, Prague City Hall accepted a proposal to provide discounts for tenants in city-owned non-residential premises as a result of the ongoing pandemic.

Entrepreneurs can apply for discounts from now until the end of the year. Depending on the type of business and terms of the contract, the discounts range from 30% up to 70% of the rent.

In the last months of 2021, the majority of European countries, including the Czech Republic, has seen a surge of new Covid-19 cases.

As a reaction to the new wave of Covid-19 infections, Prague City Hall launched the third round of rental discounts for entrepreneurs who might face possible serious economic consequences again.

The city, as the owner of the real estate, wants to support local entrepreneurs so that they can maintain their establishments and continue their business activities in the Czech capital.

Rental discounts can be claimed for the period from January 1 to November 30, 2021, in certain cases up to 70% of the rent.

The tenants are obliged to submit an application for a discount on rent no later than 31.12.2021. To be eligible, they need to meet certain criteria specified in an annex to the Application. A discount will be granted as public support within the scope of the de minimis rule under Commission Regulation (EC) No 1407/2013.

After completing the application in the electronic system, the system generates a unique number and a version of the application in PDF format.

To verify the application, the applicant is obliged to send the generated PDF to the Prague City Hall within 5 working days.

Due to the current situation, electronic submission through a data box or email with a verified signature is preferred.

 

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