Businesses in Mayotte impacted by the economic fallout from Cyclone Chido, which struck on 14 December 2024, can access exceptional financial aid. This support is designed to mitigate losses and is available for companies established by 31 October 2024. The aid is automatically credited to the company’s bank account, with no application required, ensuring swift assistance during this recovery period.
Objectives
The primary goal of this financial aid is to alleviate the economic repercussions of Cyclone Chido on local businesses. It aims to support the continuity of economic activities in Mayotte, helping businesses recover from the financial strain caused by the cyclone’s aftermath.
Beneficiaries
This aid is available to businesses that:
- Were established by 31 October 2024 and are actively conducting economic activities in Mayotte.
- For the periods of February and March 2025, only SMEs are eligible.
Excluded from eligibility are businesses that do not meet these criteria or are in judicial reorganization or liquidation as of 31 October 2024.
Eligible operations
The aid supports various economic activities, specifically:
- Compensation for losses incurred due to the cyclone.
This financial assistance is aimed at stabilizing operations and ensuring businesses can continue to function effectively.
Eligibility conditions
To qualify for the aid, businesses must meet the following conditions:
- Be registered in the national business register as of 31 October 2024.
- For associations, either be subject to corporate income tax or employ at least one staff member.
- Be up to date with tax obligations as of 31 October 2024.
- Not be undergoing judicial reorganization or liquidation as of 31 October 2024.
For the periods of February and March 2025, additional conditions apply regarding revenue thresholds and loss percentages.
Grant amount
The aid for January 2025 is calculated as follows:
- For businesses with a fiscal year ending in 2022: 20% of the average monthly revenue for that year, capped at €20,000 per month, with a minimum of €1,000. If there are unpaid tax debts exceeding €5,000, the aid is reduced to €1,000 per month.
- For businesses without a fiscal year ending in 2022, the aid is set at €1,000 per month.
For February and March 2025, the same calculations apply, ensuring businesses receive necessary support during these critical months.
Who is eligible for the financial aid?
Businesses established by 31 October 2024 that are conducting economic activities in Mayotte are eligible. For February and March 2025, only SMEs qualify.
How is the aid amount calculated?
For January 2025, businesses with a fiscal year ending in 2022 can receive 20% of their average monthly revenue, capped at €20,000. Those without a fiscal year receive €1,000 per month.
Do I need to apply for the aid?
No, the aid is automatically credited to your bank account by the DGFIP, based on your registered details.
What if my business has unpaid tax debts?
If your unpaid tax debts exceed €5,000 and are not under a payment plan, the aid will be reduced to €1,000 per month.
Is this aid available for all types of businesses?
The aid is available for various business types, including SMEs, associations, and public establishments, as long as they meet the eligibility criteria.