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Enterprise Support Incentives Regulations (LN118 of 2016)

ENTERPRISE SUPPORT INCENTIVES REGULATIONS (the “Regulations”)

The Enterprise Support Incentives Regulations have been amended by means of legal notice 118 of 2016.

Malta Enterprise (the “Corporation”) may grant cash grants in accordance with the terms and conditions set out in the Guidelines if it is satisfied that:

- an undertaking carrying on or intending to carry out an activity that may contribute to the economic development of Malta, requires assistance to collaborate with other undertakings or to administer interactions between a number of undertakings that are collaborating with it with the aim of achieving common objectives. The application must be submitted to the Corporation as from the 1st March 2016 and shall reach the same Corporation by not later than the 31st October 2019.

- an undertaking carrying on or intending to carry out an activity that may contribute to the economic development of Malta, requires assistance to set up business development projects. The application may be submitted to the Corporation as from the 1st March 2016 and shall reach the same Corporation by not later than the 31st October 2019.

The above-mentioned cash grants may amount to up to two hundred thousand euro (€200,000) of de minimis aid over a consecutive three fiscal year period. This maximum threshold includes all aid granted as de minimis aid from the Corporation as well as from any other entity.

Further other instances where a cash grant may be granted by the Corporation in accordance with the terms and conditions set out in the Guidelines if it is satisfied that:

- a single small undertaking carrying on or intending to carry out a manufacturing activity that may contribute to the economic development of Malta, requires assistance for the rent of premises to carry out such manufacturing activity, a cash grant may be provided to a single undertaking in accordance with the terms and conditions set out in the Guidelines. The application may be submitted to the Corporation as from the 1st March 2016 and shall reach the same Corporation by not later than the 31st October 2019.

- an undertaking that requires assistance to develop the international competitiveness of the undertaking or for the participation in trade fairs, trade missions and other such events, the undertaking may qualify for a cash grant which shall not exceed fifty per cent (50%) of the eligible costs incurred in accordance with the terms and conditions set out in the Guidelines. The application shall reach the Corporation by not later than 31st December 2017.

- an undertaking that requires assistance of advisors in a particular field, the undertaking may qualify for a cash grant which shall not exceed the amount of two thousand five hundred euro (€2,500) per annum in accordance with the terms and conditions set out in the Guidelines. The application for assistance shall reach the Corporation by not later than the 31st December, 2017.

- an undertaking that requires assistance to achieve qualifying certifications awarded by a certifying body to improve processes, products or services or to achieve growth in international markets, the Corporation may provide such an undertaking with a tax credit. The total amount of tax credits that may be granted in terms of this Regulation shall not exceed fifty per cent (50%) of the eligible costs as may be prescribed in the Guidelines and as incurred and paid for as from the 1st March 2015 till the 31st December 2017. The total amount of tax credits that may be granted in terms of this regulation may not exceed the amount of twenty-five thousand euro (€25,000). Applications for assistance under this regulation shall reach the Corporation by not later than ten in the morning central European time of the 31st December 2017.