ICO

ICO (Instituto de Crédito Oficial) is Spain's state-owned development bank providing loans and financing for self-employed individuals, businesses, and public/private entities making productive investments in Spain or requiring working capital. Financing covers liquidity needs (payroll, suppliers, operating expenses), productive investments within Spanish territory, and fixed asset acquisitions, with all operations processed directly through credit institutions.

Financing for the self-employed, businesses and public and private entities, both Spanish and foreign, that
make productive investments in the national territory and/or need liquidity. The processing of the operations is done directly through the Credit
Entities. The types of investments that can be financed through this program are:
• Liquidity: monetary requirements for current expenses, payroll, suppliers, etc.
• Productive investments within the national territory.
• New or second-hand fixed assets.
• Vehicles up to 30,000 euros (+ VAT). 100 % for industrial vehicles.to international leaders.
• Acquisition of other companies.
• Value Added Tax (VAT) or Canary Islands Indirect General Tax (IGIC).
• Up to 50% of current expenses related to the investment.
• Rehabilitation of households and common elements.