Monthly Archives: February 2023

Malta Enterprise has recently launched “The Equipment & Machinery Grant Scheme” with the aim to support SMEs in financing their capital expenditure needed to undertake their business.

The budget for this scheme amounts to €2 million and hence applications will be received until this amount is fully utilised.

The main benefit of this grant is in the form of a non-repayable grant to part-finance investment in equipment and machinery aimed at directly improving the productivity of the enterprise.

If you are interested in this scheme, you may contact us to assist you and provide you with further information, by sending an email to [email protected]

Malta Enterprise has recently launched “The Malta Start-up Residence Programme” with the aim to support TCNs in reallocating their skills, business and investment to Malta, whilst being able to reside in Malta whilst doing so.

The Malta Start-Up Residence Program includes a three-year residency permit for business owners, with the option to extend this period for another 5 years. Key employees who earn more than €30,000 a year can extend their work permit for up to three years. Once a business owner has been resident in Malta for more than five years, they will be in a position to apply for a permanent residence permit.

To be able to apply, the applicant must:

• Have a minimum share capital of €25,000 or provide a minimum of €25,000 intangible investments.

• The business must be fully incorporated and not been registered for seven years or more outside Malta.

• Business owners must reside in Malta for at least 183 days in every calendar year.

• A residency permit is granted to every founder

• The Start-Up must not have more than six founders

• If the Start-Up has more than 4 co-founders, it must have an additional €10,000 in either investment or paid-up share capital for every founder.

• The company must have an office and substance in Malta

Malta Enterprise will be responsible for looking into the business viability and monitoring the economic progress of the venture.

If you are interested in this scheme, you may contact us to assist you and provide you with further information, by sending an email to [email protected]

Malta Enterprise has recently launched “The Family Businesses Grant” with the aim to support family businesses in addressing transitionary issues by facilitating access to advisory and mediation services.

The maximum grant that can be given under these guidelines is capped at €15,000 per family business in any of three consecutive years.

Any costs incurred before the approval of the Family Business Officer and the official submission of the application will not be considered eligible, hence it is important that the application is filed and approved prior to any expense being carried out.

The deadline for submitting the Applications is the 30^th of November 2023.

If you are interested in this scheme, you may contact us to assist you and provide you with further information, by sending an email to [email protected]