This incentive measure allows companies to claim tax credits on costs incurred directly or indirectly in carrying out an R&D project or projects relevant to the company’s trade. Eligible projects should seek to achieve an advance in a field of science or technology through the resolution of scientific or technological uncertainty.
Support Measures and Other Services
In order to help our clients further improve their competitive edge, Malta Enterprise has developed various incentives for the promotion and expansion of industry and the development of innovative enterprises.
Malta Enterprise provides incentives for enterprises demonstrating commitment towards growth, an increase in value added and employment. Enterprises engaged in manufacturing, ICT development activities, call centers, healthcare, pharmaceuticals, biotechnology, aviation and maritime services, education and training, logistics and more may benefit from these incentives.
This measure is open to all SMEs that qualify for this incentive and shall allow these undertakings to recover in the form of tax credits, part of the costs incurred for the loan of highly qualified personnel from large undertakings and Research and Knowledge-dissemination Organisation.
The aid shall be granted in the form of tax credits and shall be capped at 50% of the eligible costs.
Malta Enterprise may provide financial support not exceeding 80% of the eligible costs to support undertakings to carry out investment projects to increase or initiate production of COVID-19 relevant products or to diversify existing production to be able to produce COVID-19 relevant products.
Investment Aid Tax Credits are intended to sustain the regional industrial and economic development of Malta. This measure facilitates initial investments by encouraging the setting up of new establishments and the expansion and development of existing businesses.
Since Research & Development initiatives are associated with high risk, it is advisable that undertakings undertake R&D Feasibility studies to determine that the key elements of the proposed research project are based on sound principles.
Undertakings operating from business premises (any physical location through which business functions and/or processes are conducted, including commercial sites, industrial setups and offices) will be supported with a refund on their rent and electricity payments.
The aim of this incentive is to assist Industrial Research and Experimental Development activities required by industry for the acquisition of knowledge leading to the development of innovative products and solutions. The measure also encourages cooperation between undertakings by providing additional assistance for Industrial Research and/or Experimental Development projects.
The aim of this measure is to support Small Start-up Undertakings that demonstrate a viable business concept and that exhibit commitment to expand and further develop their economic activity.
This measure is open to all undertakings that employ for a period of at least twelve (12) months a person holding or reading for a doctoral degree in science, information technology or engineering. Beneficiaries shall be awarded a tax credit of €10,000 which shall be capped accordingly if the applicant exceeds the de minimis limited allocated to the single undertaking.
The aim of the incentive is to assist undertakings to analyse the possible effects of Brexit on their business and to develop business strategies to mitigate the impact of Brexit and maximise business opportunity that Brexit might create.
The Business Development & Continuity Scheme is intended to facilitate value added projects that are expected to contribute to the regional development of Malta and to support existing undertakings sustain operations during restructuring.
The scope of the scheme is to support small and medium-sized enterprises (SMEs) to realign their business activity, restructure their employees, product and / or service portfolio, optimise the use of technology and embrace green technology and practices.
The scheme will assist operators in the construction industry to scrap and replace old machinery and/or equipment with new machinery and/or equipment that generates less environmentally harmful emissions and to invest in new equipment that has the sole purpose of reducing the environmentally harmful emissions released by the activity.
The Interest Rate Subsidy scheme is a new measure to support qualifying businesses to subsidise the cost of debt finance of a term loan. Through the support, Malta Enterprise is aiming to facilitate investment in industrial and innovative setups by enabling them to develop their operations and take products and services to the market.
The loan covered by the subsidy shall be issued to procure tangible assets which may consist solely of construction and / or modification of buildings, plant, machinery and equipment.
The Patent Box Deduction Rules, 2019 establishes a fiscal regime for income arising from patents, similar intellectual property (IP) Rights and copyrighted software. The rules additionally provide that small companies may utilise the patent box rules on income from any intellectual property based on an invention that could be patented.
This measure facilitates employment of non-residents in roles which are currently not addressed by the local labour market by temporarily easing the tax expenses incurred by such individuals through a fiscal incentive. Potential beneficiaries may contact Business 1st on 144 for guidance and information about this measure.
This scheme supports undertakings that require industrial space as a temporary, or permanent, solution to support their business activity. The scheme is applicable to businesses engaged in Manufacturing, Maintenance and Repairs of Motor Vehicles, Repair of Machinery & Equipment and other industrial activities. Aid is awarded in the form of a cash grant.
These guidelines provide a framework for individuals seeking a determination of eligibility for the option provided by S.L Repatriation of Persons Established in a Field of Excellence Rules, as Subsidiary Legislation to the Income Tax Act (CAP. 123) of the Laws of Malta.
Through this scheme, Malta Enterprise shall support business undertakings to provide training to develop and update the skills and knowledge of their workforce.
The Business Advisory Scheme is designed to support business undertakings operating in Malta access advisory services in the field of Financial Planning, Market Development, Business Planning, Startup and Entrepreneurship and Industrial Space Audit. The scheme is intended to assist entrepreneurs, managers and business owners in formulating business strategies to ensure sustainability and growth.
The scheme is ongoing until 31st December 2020.
This is a scheme targeted to limited liability companies engaged in the development of video games with a cultural content. The maximum support per single undertaking may not exceed €200,000 over a period of 3 consecutive fiscal years and shall be established as up to 30% of the qualifying costs incurred for the development of the video game.
EUREKA supports the development of rapidly marketable innovative products, processes and services that help improve the daily life of everyday people.
Participation in Network projects, Eurostars and Clusters amongst other EUREKA instruments raises participants’ international profiles through EUREKA label award, facilitates access to finance for companies involved, offers high degree of flexibility and bottom-up approach to project generation with greater chance of project proposal success.
The objective of this scheme is to encourage undertakings to invest in their business, innovate, expand, and implement compliance directives or to develop their operations.
Kindly be informed that a new set of Incentive Guidelines for costs incurred in 2020 will be made available in the coming weeks. Current Guidelines still apply for costs incurred in 2019.
Application for the allocation of industrial spaces larger than 300 sqm
Application for Industrial Space for Small Business Activities
Business Associations typically perform activities that support collective development and growth of undertakings within a specific sector. Such activities include networking, information gathering, research, and establishing industry standards.
Certify (Tax Credits) 2018 - 2020 is a fiscal measure administered by the Malta Enterprise Corporation to encourage eligible undertakings to continuously improve the quality of their products, services and processes through the attainment of industry recognised certifications. The scheme is intended to boost awareness of the added value that may be achieved
International markets present various opportunities to forward-looking businesses. Undertakings willing to build capacity to compete in different markets tend to be more innovative in their product/service offerings and processes.
Get Qualified is an initiative that supports the personal development of individuals for the achievement of qualifications and certifications required by industry. The incentive is applicable to individuals following a course of studies leading to a certification, diploma, degree or post-graduate degree courses.
This scheme supports manufacturing undertakings operating from Gozo by reducing their inter-island transport costs.
Malta Enterprise Corporation in collaboration with the Energy and Water Agency shall be supporting undertakings in carrying out investments leading to improved energy-efficiency. The assistance is intended to facilitate investments in technological solutions that provide higher energy efficiency and contribute directly towards a reduction in the energy requirements of the beneficiaries.
The aid awarded through this measure shall be in the form of a cash grant or a tax credit (which can be utilised against tax payable by the beneficiary) or a combination of both.
Limited availability of funds many times prohibits small business from carrying out new investment projects and may consequently lead to the loss of business opportunities. The Micro Guarantee Scheme has the objective to accelerate growth by facilitating access to debt finance for smaller business undertakings.
As from 1st January 2020, tenants of Malta Industrial Parks Ltd situated at Ta’ Qali crafts village will be supported in the development of their business premises situated within the Artisan Village.
This measure is intended to support the development of Family Businesses in building internal capacities and supporting them in the transfer of their business activity. The support provides advisory during business transition and access to specific training deemed beneficial in facilitating the growth of Family Businesses.
The purpose of the incentive is to assist and facilitate family businesses to transfer their business from one generation to the next by providing benefits including governance and fiscal benefits for the better management and organisation within the family and the business.