- Investment allowance for large companies: waiting for new development zones
Investment allowance for large companies: waiting for new development zones
The Walloon Region can grant a premium to large companies of up to 10% of the amount invested for investment projects in Wallonia. The amount of aid varies according to the size of the company, its location, the creation of new jobs, the interest of the activity, the quality of the employment, etc.
Aid to large enterprises may be granted a. only in development areas, and b. only for investment in a new economic activity in the region concerned.
Investment in a new activity is defined as follows:
- Any investment in tangible and intangible assets relating to the creation of an establishment or the diversification of the activity of an establishment, provided that the new activity is not identical or similar to the activity previously carried out in the establishment.
- The acquisition of assets belonging to an establishment that has closed or would have closed without the acquisition, and that is bought by an investor unrelated to the seller, provided that the new activity carried out with the acquired assets is not identical or similar to the activity carried out in the establishment before the acquisition.
Similar activity is defined as any activity falling within the same category (4-digit code) of the NACE nomenclature.
The new map of development areas for the period 2022-2027 is not yet approved by Europe. This has consequences mainly for large companies which, since 1 January 2022, can no longer (temporarily) benefit from the tax support measure for assisted areas.
These companies must now wait for Europe to approve the new regional state aid map for Belgium for the period 2022-2027.
If you have any further questions, please do not hesitate to contact us.