Questions from our clients
Clients of Sangong law firm have frequently the following questions, which should be answered here in general for interested gastronomic businesses:
- How do I get my financial aid?
- When will I get my financial aid?
- How high will the support be?
- Does the financial aid also apply to companies that are still delivering or preparing food for collection ("To-Go")?
- What if I had not opened in the year before? Will I still get financial aid?
- As of November 2, 2020, the federal government is still working on making the application and processing feasible. It is intended that the application procedure will be executed by the website www.ueberbrueckungshilfe-unternehmen.de.
- This is also not yet clear as of November 2, 2020. The possibility of an advance payment is currently being examined.
- According to the Federal Department of Finance, restaurants should in particular be reimbursed for their fixed costs. These are the costs that arise despite a closure. To keep the approval simple, 75% of the corresponding turnover of the same period of the year before or the month before should be reimbursed.
- The resolution does not contain any information on this. It cannot be ruled out that a reimbursement is not possible or only possible to a lesser extent in these cases.
- Young companies founded after November 2019 should be allowed to use October 2020 sales as a benchmark. It is currently still completely unclear what happens to companies that were founded as GmbH or UG (limited liability) in November 2019 or before and only started their business activities later.
It must also be pointed out that the extraordinary economic aid for the relevant period of October 2020 will be cleared against other support programs already received, such as short-time working allowance.
Experience has shown that federal or state support is actually not as easy to obtain as announced by authorities. Here, too, it remains to be seen how the program will actually be implemented.
Sangong law firm will keep you updated. If you have any questions on this topic or other related questions, please contact us.
This text is also available in German and Chinese. Just go to the News section in your preferred language.