LatAm Public Policies to Help Startups amidst COVID-19 (daily updates)

Note: financial numbers are expressed in the official language of the country emitting their related currency.

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🇧🇷 Brazil

  • BANCO NACIONAL DE DESENVOLVIMENTO ECONÔMICO E SOCIAL (BNDES): R$40 billion (~$7.6 billion USD) to fund credit lines for small and mid-sized companies (yearly gross revenue below R$10 million [~$1.9 million USD]) to cover their payroll for two months. Private-owned banks adhering to this policy receive 85% of funding from the National Treasury Secretariat per credit line.
  • BANCO NACIONAL DE DESENVOLVIMENTO ECONÔMICO E SOCIAL (BNDES): R$5 billion (~$950 million USD) to fund special credit lines for small and mid-sized companies, and FinTech startups. The goal is to incentivize hirings and growth, it has less-restrictive conditions than the payroll-focused fund. [OFFICIAL SITE]
  • RECEITA FEDERAL: Three-months suspension of payments to the Fundo de Garantia do Tempo de Serviço. [OFFICIAL SITE]
  • RECEITA FEDERAL: Three-months suspension of taxes for small and medium-sized companies adhered to the SIMPLES regime. [OFFICIAL SITE]
  • MINISTÉRIO DE ECONOMIA: IPI tax exemption on manufactured or imported industrial goods necessary to combat COVID-19. [OFFICIAL SITE]
  • RECEITA FEDERAL: Simplification of the customs procedures for the listed goods, necessary to combat COVID-19. [OFFICIAL SITE, LIST OF QUALIFYING GOODS] [OFFICIAL SITE, LIST EXTENSION: [1] [2] [3]]
  • MINISTÉRIO DE ECONOMIA: Creation of a temporal special exportation license for goods necessary to combat COVID-19. Every package will be subject to approval, to guarantee the provision inside the country. [OFFICIAL SITE] [OFFICIAL SITE, LIST EXTENSION]
  • GOVERNO FEDERAL: Government directory of companies offering free services in Brazil, accepts submissions. [OFFICIAL SITE]

🇲🇽 Mexico

  • SECRETARÍA DEL TRABAJO Y PREVISIÓN SOCIAL: Any legal activity processed by the Junta de Conciliación y Arbitraje will be paused until April 19th (except for strike notices). [OFFICIAL SITE]

🇨🇴 Colombia

  • MINISTERIO DE HACIENDA Y CRÉDITO PÚBLICO: Creation of the Fondo Nacional de Garantías: up-to $80.25 billion COP (~$19.7 million USD) to fund credit lines for micro, small and mid-sized companies (yearly gross revenue below $51 billion COP [~$12.7K USD]) to cover their payroll. [OFFICIAL SITE]
  • INNPULSA COLOMBIA (public sector): Fund of $11K million COP (~$2.6M USD) for financial institutions and FinTech companies, to create credit lines targeted at entrepreneurs, startups and small companies. [IN THE NEWS] / [OFFICIAL SITE]
  • INNPULSA COLOMBIA (public sector): Fund of $112K million COP (~27M USD) for companies in the Agricultural industry. [IN THEW NEWS] / [OFFICIAL SITE]
  • BANCOLDEX (public sector bank): $250K million COP (~60.7M USD) to fund credit lines for companies in the following industries: Tourism, Aviation and Public Entertainment. [IN THE NEWS] / [OFFICIAL SITE]
  • MINISTERIO DE COMERCIO, INDUSTRIA Y TURISMO: Import tax exemption of goods necessary to combat COVID-19. [IN THE NEWS] / [OFFICIAL SITE]
  • MINISTERIO DE COMERCIO, INDUSTRIA Y TURISMO: Time extension for the renovation of RUES until July 3rd. [IN THE NEWS] / [OFFICIAL SITE]
  • BANCOLDEX (public sector bank): Freeze for up-to 6 months of ongoing company credit lines under the programs Capital de Trabajo y Sostenimiento Empresarial, Modernización Empresarial and Línea de Apoyo al Crecimiento de la Economía Naranja. [OFFICIAL SITE]
  • MINISTERIO DE HACIENDA Y CRÉDITO PÚBLICO: Non-refundable tax credit of 50% of the value invested by companies of all sizes in Research, Technological Development, Innovation and in the salaries of PhD holders. [OFFICIAL SITE]
  • MINISTERIO DE COMERCIO, INDUSTRIA Y TURISMO: Government directory of companies in Colombia. Has support for bar codes and posting offers for other companies. [IN THE NEWS] / [OFFICIAL SITE]
  • MINISTERIO DE HACIENDA Y CRÉDITO PÚBLICO: Time extension for tax fillings of companies in the following industries: Aviation, Hospitality and Entertainment. [OFFICIAL SITE]

🇨🇱 Chile

  • MINISTERIO DE HACIENDA: Time extension for tax fillings and PPM of small and mid-sized companies. (Tax fillings get extended only for companies with a yearly gross revenue below $350K USD.) [OFFICIAL SITE]
  • MINISTERIO DE HACIENDA: Advance payment on income tax returns for small and mid-sized companies. [IN THE NEWS] [OFFICIAL SITE]
  • MINISTERIO DE HACIENDA: Tax exemption of apostilles until September for documents under the Impuesto de Timbres y Estampillas. [IN THE NEWS] / [OFFICIAL SITE]
  • MINISTERIO DE HACIENDA: Tax credit for companies on the value invested on health products or services to help combat COVID-19 in their organization. [OFFICIAL SITE]
  • MINISTERIO DE HACIENDA: Time extension to register or migrate to the Pro Pyme tributary regime. [OFFICIAL SITE]
  • MINISTERIO DE HACIENDA: Creation of a temporary process, CompraÁgil, to sell products and services to the Government to help combat COVID-19. [IN THE NEWS] / [OFFICIAL SITE]
  • BANCOESTADO (private sector bank): $4.4 billion USD to fund credit lines for small and mid-sized companies. [IN THE NEWS] / [OFFICIAL SITE]

🇵🇪 Peru

  • MINISTERIO DE ECONOMÍA Y FINANZAS: Creation of the Fondo de Apoyo Empresarial, a $300 million PEN (~$87M USD) fund for credit lines for companies of all sizes. [IN THE NEWS] / [OFFICIAL SITE]
  • MINISTERIO DE ECONOMÍA Y FINANZAS: One-time bonus per employee of 35% their salary (only if below $1.5K PEN [~$435 USD]) for companies. [OFFICIAL SITE]
  • MINISTERIO DE ECONOMÍA Y FINANZAS: Temporal suspension of payments to the Sistema Privado de Pensiones. [OFFICIAL SITE]
  • MINISTERIO DE ECONOMÍA Y FINANZAS: Import tax exemption for goods necessary in the combat of COVID-19. [IN THE NEWS] / [OFFICIAL SITE] [LIST OF QUALIFYING GOODS]

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