The Access to Finance: Soft Loan is a financial instrument designed to support undertakings engaged in a manufacturing or service activity, accelerate their plans in establishing new products or entering a new geographic market, addressing environmental concerns and digitise processes.
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.
The measure will support Small and Medium Sized Enterprises (SMEs) with a guarantee to be used against a bank loan required for the setting up of a new establishment or for the extension of the capacity of an existing establishment. The measure is applicable until 31st December 2021.
The scheme has the scope to support undertakings that have the technological competence to set-up and/or develop production units that result in products and services that:
• support health authorities in their work to control the COVID-19 pandemic; or
• the health sector can use in treating COVID-19 health issues;
• can be used to limit and contain transmission (and health risks) during and post the COVID-19 outbreak.
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 facilitates value added projects, including new business initiatives, expansions and transformation activities that shall contribute to the regional development of Malta.
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.
Business START offers seed and growth funding for small start-ups. Start-ups undertakings that are still in their early development phase may receive an initial grant of up to ten thousand euro (€10,000) to help them develop their business proposal. Start-ups that present a viable business plan may receive additional support linked to full time employment which may reach up to twenty thousand euro (€20,000) per quarter.
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.
This measure has the objective of supporting retailer, wholesalers and other undertakings in the retail value chain to invest in in-store solutions that allow for the sale of items through reusable containers and in related investments required to implement and facilitate solutions that reduce the use of single-use plastic.
Through this measure, Malta Enterprise aims to support businesses carrying out feasibility studies to determine the technical and commercial challenges and carrying out preliminary activities that will enable businesses to make more knowledgeable decisions in the development of the intended research and development project.
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.
The Family Businesses Grant shall support family businesses to address transitionary issues by facilitating access to advisory and mediation services. The maximum grant that can be awarded under these guidelines is capped at €15,000 per family business in any rolling three (3) year period.
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.
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 scheme encourages undertakings (including Start-ups, family businesses and self-employed) to invest in their business, so as to innovate, expand and develop their operations. Undertakings benefitting from this measure will be supported through a tax credit calculated as a percentage of eligible expenditure, which also covers increased in wage costs.
The COVID-19 pandemic has affected most businesses yet some were harder hit than others. ReStart has the objective to support those businesses which due to the effect of the pandemic had to terminate operations, by helping them access advisory services and providing a kick-start grant to help them restart operations.
Application for the allocation of industrial spaces larger than 300 sqm
Application for Industrial Space for Small Business Activities
The Change to Grow measure supports businesses kick-start transformation processes that lead to growth, sustainability, and optimised performance. SMEs with a vision to develop can seek support from external advisors to assist them in carrying out significant changes that will enable them to accelerate development, address sustainability and improve market access.
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.
As from the 10th May 2021 most business activities that had been ordered to temporarily close down as a measure to further restrict social interactions, and thus reduce the number of COVID-19 cases, will be allowed to recommence operation. Yet, some businesses, because of the additional risk of viral transmission associated with their activity will remain closed.
The Smart and Sustainable Investment Grant provides business funding to support the undertaking of investments that lead to more sustainable and digitalised processes leading to the enhancement of competitiveness of the enterprises through the optimisation of the use of resources in their activities.
In the budget speech for 2018, a measure was announced which provides for a tax benefit to individuals who were not yet forty years of age on the date of the commencement of the course, and who graduate with a PhD, Masters Degree or Postgraduate Diploma (minimum 60 credits) (MQF level 8 or 7).
People with disabilities continue to face extensive challenges and a wide range of barriers in their place of work. However, today’s technological developments contribute significantly towards inclusion and reduce certain barriers in the field of employment.