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Government Emergency Ordinance No. 118/2020

Purpose: Approval of the Support Program for Small and Medium Enterprises “SME LEASING OF EQUIPMENT AND TOOLS”.

Main measures:

  • The maximum duration of the leasing period is 72 months, with the possibility of granting grace periods lasting between 3 and 12 months and the period and the manner of repayment of the financing shall be determined by the financier, in accordance with its internal rules;
  • The advance paid by the user is 0%, and, depending on his request, can reach up to a maximum of 20% of the purchase value of the financed good, excluding VAT;
  • The residual value is between 1% and maximum 20% of the acquisition value of the goods financed exclusively by VAT and may be paid at the end of the leasing period or may be included in installments, during the performance of the contract.