System of Incentives for Revitalization and Modernization of Enterprises (SIRME)
Guidelines in this system of incentives are aimed at promoting processes of restructuring, improving the critical size and the restoration of conditions of business competitiveness.
This on one hand requires the existence of a company in economic and financial situation is difficult and moreover it is difficult to find an entity interested in acquiring with obvious financial and management capabilities.
The management of this system is dependent on the IAPMEI (Institute for Supporting Small and Medium Enterprise to Innovate) and more specifically the Office AGIIRE (Office of Integrated Intervention for Enterprise Restructuring).
Using the Fund for the Revitalization and Modernization of Enterprises (FRME) the AGIIRE acts as a financial partner in a merger or acquisition of companies through equity stake in the merged entities or buyers.
Additionally, the intervention of FRME can be complemented with the possibility of granting tax benefits to the level of exemption from fees, exemption from Municipal Property Tax (IMI), exemption from stamp duty and exemption from IRS / IRC.
