Payment as Advance against Public Guarantee (PTAP

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Payment as Advance against Public Guarantee (PTAP — Public Guarantee)

With the recent republishing of Regulation No. 944/2023, published on August 19th, which defines the procedures to be followed when making payments to beneficiaries with approved applications for the Portugal 2030 Incentive Schemes, a new payment method was created: Payment as an Advance against a Public Guarantee (PTAP — Public Guarantee). This payment of the incentive is made upon presentation of a Guarantee on first demand to be provided by the Banco Português de Fomento, upon submission of a reimbursement request of at least 5% of the approved eligible investment.

The advance requested cannot exceed, until December 31, 2025, the limit of 40% of the approved incentive amount, and starting January 1, 2026, the limit of 25% of the approved incentive amount.