Línea ICO Internacional 2017

  • Financing of investments in fixed assets, products

    And needs of liquidity out of the country

  • Company' acquisition living in the foreigner VAT linked to the investment in the acquired assets in Spain Needs of liquidity, with the limit of the 50 %.

Advantages of the International ICO FACILITY 2017

Via this Line is provided the financing of investments in fixed assets liquidity products and needs out of the country. Their principal features are the following:

  • New and second-hand assets (machinery, computer hardware, furniture, properties, etc.).
  • Sedans whose price does not exceed 30,000 euros (plus VAT, if acquired in Spain). Industrial vehicles will be able to finance in about 100 %.
  • VAT linked to the investment, only in the case of assets acquired in Spain.
  • Company' acquisition living in the foreigner.
  • Starting up businesses abroad.
  • Needs of liquidity, with the limit of the 50 % of the total amount of the financing, that you will be able to expand until the 100 % for operations of 1, 2, 3 and 4 years.
  • The investment to be financed will not be able to be initiated before 1 January 2016, and he should execute within 12 months to be told from the date.
  • The interest rate can be fixed or variable. Adjusted to the period of the operation and is composed of:
    • One-year forward transactions: euribor 6 months or fixed rate equivalent + differential ICO (term of 1 year) + 2.30 %.
    • Forward transactions of 2, 3 or 4: euribor 6 months or fixed rate equivalent + differential ICO (term of 2, 3 or 4 years) + 4.00 %.
    • Forward transactions higher than 4 years: euribor 6 months or fixed rate equivalent + differential ICO (to the term of the operation) + 4.30 %.

The differential ICO is the cost of fund capture for this organisation and it fluctuates according to market conditions and the repayment installment of the operation. The ICO publishes these data regularly on its website www.ico.es.

No commissions start-up, apraisal or availability fees. In the event of early amortisation a fee will be charged for cancellation.

Terms and Conditions

Beneficiaries:

Business, self-employed workers, public and non-profit organisations companies Spanish, including so much the direct billing ones in Spain, as those that, being direct billing abroad, at least with about 30% of capital of Spanish company.

Maximum amount per customer per year:

Until the 100 % of the investment project, more VAT that is yielded in Spain, or until the 100 % of needs of liquidity, with the limit of 12.5 million euros by holder and year, in one or more operations.

Type:

Loan to finance liquidity investments and needs.

Repayment and interest-free period:

  • 1 to 10 years without lack or included 1 principal lack year.
  • 12 years, 15 years and 20 years without lack or included 2 principal lack years.

Years must be complete years.

Validity:

Until 7 of December 2017, or earlier if the exhaustion of the Line's funds is produced.