Subsection 2: Support for young people's initiative projects.

In Guadeloupe, French Guiana, Martinique, Mayotte, La Réunion, Saint-Barthélemy, Saint-Martin and Saint-Pierre-et-Miquelon, young people aged between eighteen and thirty may receive financial assistance from the State known as “aide au projet initiative-jeune” to help them carry out a professional project.

Young people who set up or take over a profit-making business whose head office and main establishment are located in Guadeloupe, French Guiana, Martinique, Mayotte, La Réunion, Saint-Barthélemy, Saint-Martin or Saint-Pierre-et-Miquelon and which they effectively manage receive initiative-jeune project aid.

The aid provided for in Article L. 5522-23, the maximum amount of which is determined by decree, is paid from the date on which the business is actually created or taken over.

The aid provided for in Article L. 5522-23 is exempt from all social security contributions and taxes.

Young people who are receiving or have received aid for the young people’s initiative project under this sub-section may also receive aid for setting up or taking over a business as provided for in Title IV of Book I of this Part.

A decree of the Conseil d’Etat shall determine the conditions for the application of this sub-section, in particular those for the payment, suspension or cancellation of the aid, as well as those relating to the non-cumulation of this aid with other public aid.