Fifth EZK compensation for affected entrepreneurs | THE DAILY HERALD

Windwardside, Saba

SABA/ST. EUSTATIUS–Entrepreneurs in Bonaire, St. Eustatius and Saba can receive a fixed-cost compensation from the Ministry of Economic Affairs and Climate Policy EZK for the fifth time. The amount of support can range from US $500 to $400,000 and is calculated based on turnover figures. Applications can be made since Monday, May 3.

  To be eligible, the turnover loss must be at least 30 per cent. A new calculation module is available on the website of National Department Caribbean Netherlands RCN with which entrepreneurs can easily calculate the amount to which they may be entitled.

  If the amount is $6,000 or more, as with the previous compensations, a statement from an independent bookkeeper or accountant must be added for confirmation. The previous compensation factor of 0.85 has now been increased by EZK to 1.00.

  For this fifth allowance, the turnover figures for January, February and March 2021 are compared with the turnover figures for the same months in 2019.

  While in the previous EZK regulations a comparison was made with figures from a year earlier, this time a comparison is made with figures from two years before. This is because the turnover figures in the first quarter of 2020 might already be affected by the COVID-19 crisis.

  Companies that opened after January 1, 2019, can contact RCN’s SZW Unit for a tailor-made calculation of their loss of turnover.

  All conditions and additional information can be found on under “government emergency package”. Fully completed and signed application forms, together with the necessary attachments, can be e-mailed up to and including July 31, 2021, at the latest, via e-mail address

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Source: The Daily Herald