Support Measures for Companies Affected by Storm Kristin

1. SOCIAL SECURITY

Exemption from Contributions

• Exceptional and temporary regime;
• Full or partial exemption from the payment of contributions;
• Exemption for a period of up to 6 months, renewable;
• Alternatively, a 50% partial exemption for a period of 1 year;
• Not cumulative with other measures pursuing the same purpose.

2. BUSINESS ACTIVITY

Reduction or Suspension of Activity

• Access to the regime for reduction or suspension of employment contracts;
• Exemption from the obligations set out in Articles 299 and 300 of the Labour Code;
• Crisis situation to be certified by the competent authorities, namely the Social Security Institute, I.P.

3. IEFP SUPPORT

Measures from the Institute for Employment and Vocational Training

• Extraordinary financial incentive for the maintenance of jobs;
• Extraordinary incentive for self-employed workers;
• Priority access to active employment measures;
• Extraordinary qualification and vocational training plan.

4. BANKING MORATORIA

Temporary Suspension of Financial Charges

• 90-day banking moratorium;
• Applicable to companies located in municipalities declared in a state of calamity;
• Applies to loans related to business activity;
• Effective from 28 January 2026.

5. TAX MORATORIA

Exceptional Extension of Tax Obligations

• Applicable to taxpayers and accountants with registered office in the affected municipalities;
• Covers obligations due between 28 January and 31 March 2026;
• New compliance deadline: until 30 April 2026.

6. CREDIT LINES

Financing through Banco Português de Fomento

• Treasury Line – €500 million;
• Term: 5 years;
• Grace period: 12 months;
• Support for liquidity, working capital and current needs.

7. RECONSTRUCTION AND INVESTMENT

Investment and Reconstruction Line

• Investment line – €1,000 million;
• Term: 10 years;
• Grace period: 36 months;
• Coverage of up to 100% of duly validated damages;
• Amounts paid by insurers will be deducted from the loan.

8. AGRICULTURE AND FORESTRY

Support for Restoring Productive Capacity

• Support up to €10,000;
• Agricultural and forestry holdings;
• Regime similar to that applied in the case of forest fires.

9. GRANT

Possibility of a Grant of up to 10%
After 36 months, subject cumulatively to:

• Maintenance of activity, evidenced by positive turnover;
• Maintenance or increase in the number of jobs;
• Existence of insurance coverage for the financed investments.