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.
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.
Through this scheme, Malta Enterprise shall support training and knowledge transfer initiatives that will assist employees acquire new skills, knowhow and knowledge.
Startup Advance is intended to support small startup undertakings that are in the process of consolidating a business operation that has demonstrated market potential and is deemed as economically feasible and innovative by the Corporation.
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.
Through this incentive, Malta Enterprise may support artisans in the process of transferring their skills to other persons and to assist artisan startups. Aid under this measure is given in a form of a cash grant.
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 Industrial Space for Small Business Activities
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.