STEP 1: User registration

Enable application via the website www.go-e.mcit.gov.cy . Companies should initially register on the website and gain a nickname (username) and password (password). The registration website provides applicants the ability to monitor the progress of their application, notifying them of the status on any outstanding issues, and specific actions that should be to carry.

STEP 2: Submission of Application Form.

After registration, the parties may complete the application form for the financial aid package that interests them. At the completion of application, companies will go through the process to determine if they can be beneficiary for the financial aid package. After completing the application form, applicants must print and send the signed and sealed with all the necessary supporting to the Ministry of Commerce, Industry and Tourism. Note that for these financial aid package should be sent by the company including Business Plan –

Appendix
III the application form. For this purpose, should be completed in full predetermined Business Plan, which is embedded in the application form. The Evaluation Committee may reject applications if the Business Plan does not include the required information, or if it considers that the conduct of investment is not adequately justified.

STAGE 3: Evaluation Form

The Evaluation Committee will inquire into the application to ascertain whether the company qualifies for inclusion in the Plan. Stressed that the priority with which the applicants will be assessed from the date fixed the application with all necessary for the evaluation of supporting documents (date shown on the seal of the Department Postal Service). During the evaluation of the application, the Ministry reserves the right to organize without prior notice, spot checks on companies. After completion of the examination / evaluation and validation of effect from the Competent Authority shall be sent - if applicable - in writing to the company:

• approval decision stating in detail the obligations and and actions that should be taken to implement the investment and to receive the subsidy, or
• letter setting out the reasons why it was not possible to approve the grant.

STAGE 4: Implementation of Investment

Companies included in the Plan to receive the cash Grant, you must implement the investment and to respond to all obligations arising from the Guide Plan and the approval decision within the specified timeframes. Otherwise, the Approval Decision is automatically considered never issued.

STEP 5: Request for payment of Grant

Companies realize if the investment in accordance with Stage 4 should be submit the form "Request for Payment of Grant. " This form is available at www.go-e.mcit.gov.cy.

Along with the form "Request for Payment of Grant"means the company must submit and all supporting documents required. Those documents referred details on the form "Request for Payment of Grant" and which include:

• Original receipted invoices and copy sales / services and all costs,
• Original and a copy of payment receipts for each expense,
• Copy of certificate of attendance of educational programs from Productivity Center.

The Department reserves the right to request any further evidence information, documents or other evidence which it deems necessary.

STEP 6: Monitoring and Payment of Grant

After verification and confirmation of the accuracy of the evidence and documents and verification of the full implementation of the investment / expenditure accordance with the provisions of the Plan, the Evaluation Committee will decide how the grant will be paid and the amount thereof. The next validation effect from the Competent Authority and relevant information the applicant company.

For the payment of subsidy the company must submit the following documents:

• Original Certificate of Service tax in which it appears that company has made the last tax return before
  time payment of sponsorship have been paid or settled all obligations until that date (Form YE105)
• Original "Authorization for payments by FIMAS », fully filled and sealed