1) According to the decision of the federal government, self-employed persons, freelancers and small businesses will receive financial aid of no more than 50 billion euros.
2) Later, if these professional groups meet certain conditions, they can apply for 9,000 to 15,000 euros at a time within three months.
3) These subsidies only apply to companies with no more than 10 employees and no refund is required.
4) The aid plan was approved by the Federal Council on March 27, 2020.

What subsidies have been determined for the self-employed?
At the federal cabinet meeting, the federal government decided to take extensive measures to support the economy during the coronavirus epidemic. Therefore, an additional budget of approximately 156 billion euros was decided, which included emergency aid of up to 50 billion euros for self-employed, freelancers and small business owners.

To ensure its economic survival, if the company has five employees, the company will receive a three-month emergency assistance of 9,000 euros. Companies with no more than 10 employees are entitled to receive immediate financial assistance of up to 15,000 euros within three months.

The premise is that self-employed persons, freelancers and small entrepreneurs are caught in liquidity difficulties due to the coronavirus pandemic. In addition, they must not encounter any economic problems until March 2020. There is no provision for reimbursement of such emergency financial assistance.

In addition, the German Credit Bank for Reconstruction offered a special loan plan to curb the economic impact of coronavirus. Cheap loans are also designed to protect self-employed, freelance and small entrepreneurs from financial bottlenecks.

Recently, the German government has continuously introduced more aid programs, and I will update it in the latest public account. To learn more about Germany, visit our website and contact us. . .