Error message

Deprecated function: Array and string offset access syntax with curly braces is deprecated in include_once() (line 20 of /home/maltaenterprise/public_html/includes/file.phar.inc).
MENU

Business Development

The information provided in the table below is a high-level summary of the Business Development support measure.  Interested applicants should read the full Incentive Guidelines which may be downloaded further down.

 

Scheme Title Business Development – Support for Business Development and Transformation
Version 1.0
Published On 19th April 2024
Overview

The Business Development Scheme aims to facilitate value-added projects, including new business initiatives, start-up, expansions and transformation activities that contribute to the regional development of Malta.    

Supported projects are expected to lead to new business opportunities, creation of skilled and highly-skilled employment, increased competitiveness or widening market reach.

Eligibility

Eligible Applicants

  1. The measure does not apply to enterprises that generate revenue:
  • directly or indirectly through gambling activities;
  • the sale of real estate as a business activity;
  • wholesale or retail activities
  • the provision of financial services.
  1. Applicants must not be defaulting on Income Tax, VAT and Social Security payments
  2. Applicants must be eligible to receive de minimis aid

 

Eligible Projects must address one of the following categories

  • Setting-up, expansion and modernisation of an eligible activity
  • Environmental Actions
  • Innovative New Business
  • Facilitate Employment of Workers with Disabilities
  • Collaborative Projects
  • Upgrading for Facilities (Industrial Sites and Hotels)
  • Establishing and upgrading Artisanal Facilities
  • Business RE-engineering and Digital Transformation 
  • Access to Markets and Certification

 

Type of Aid

Cash Grants

Tax Credits

Eligible Costs
  • Wage Costs
  • Lease and Rental of industrial and non-residential properties
  • Shared industrial or business facilities
  • Advisory Services
  • Procurement of Tangible and Intangible Assets
  • Digital Technologies
  • Construction and related services of industrial sites, hotels and artisanal workshops
  • Relocation of employees

Maximum support - €300,000 per Single Undertaking over 3 years covering up to 75% of eligible costs.

Application Deadline 30th September 2030
Application Submission

Applications must be submitted through the Corporation’s client portal which may be accessed here.  The application form below is for reference purposes only - the latest applicable version will always be avaialble on the client portal.

(First time users will need to register)