Financing Alternatives of Micro Enterprises (II Practical Application)

One Micro-enterprises can benefit from state aid only when they demonstrate that, at the time of the on-line completion of the business plan, they meet cumulatively the eligibility criteria imposed by the funding authority. These criteria are minimal and binding for fund applicants and are conditioned as micro-enterprises: 1. to be organized either according to the Law on Commercial Companies no. 31/1990 or according to Law on co-operation no. 1/2005, republished; 2. are small and medium-sized enterprises; 3. are registered at the national trade registry office; 3. have integral private share capital; 4. have their registered office and / or working place; 5. the subject-matter of the activity is authorized and eligible according to the requirements of the aid scheme at the time of submitting the request for reimbursement; 6. the activity takes place in Romania; 7. does not have obligations to the consolidated budget of the state; 8. is not in bankruptcy, is not in dissolution, is not in judicial reorganization, is not in liquidation, is not subject to forced execution, is not in insolvency or bankruptcy, does not have temporary suspended activity or has operational closure.