Business Development

This Scheme is offered through the Malta Enterprise.

Purpose of the Scheme

• Facilitate projects including new business initiatives, expansions, and transformations that create skilled employment, enhance competitiveness, and expand market reach.

• Projects must begin within 12 months and conclude within 36 months of funding approval.

Eligibility

• Enterprises contributing to Malta's economic development and sustainability goals are eligible.

• Exclusions include enterprises involved in gambling, real estate sales, financial services, or wholesale/retail unless incidental to other activities.

Eligible Projects

Support is available for:

Setting Up, Expansion, and Modernization: Manufacturing, software development, digital solutions, recycling, R&D, and pharmaceuticals.

Environmental Actions: Projects reducing waste or carbon footprint, backed by expert reports.

Innovative New Businesses: Introducing products/services not readily available locally with potential for international growth.

Employment Facilitation: Integrating disabled workers beyond legal requirements.

Collaborative Projects: Group solutions for businesses, like shared facilities or industrial zone surveillance.

Upgrading Facilities: Industrial sites, hotels, and artisan workshops.

Digital Transformation: Implementing technology for efficiency.

Market Access and Certification: Projects for obtaining advanced certifications.

Eligible Costs

• Wage costs for full-time employees or students.

• Rental of industrial/non-residential properties.

• Shared business facilities, advisory services, tangible/intangible asset procurement, and digital technologies.

• Costs for construction, relocation, and environmental actions.

Maximum Support

• Capped at €300,000 per enterprise over three years.

• Support can cover up to 75% of eligible costs.

Application Process

• Applications must be submitted before project commencement and are evaluated based on economic contribution, job creation, and sustainability impact.

• Available until 31 December 2030, with a submission deadline of 30 September 2030.

Support Types

• Provided as tax credits, cash grants, or both.

• Tax credits are non-refundable and can be carried forward to subsequent years.

State Aid Compliance

• Total aid per enterprise must not exceed €300,000 over three consecutive years under de minimis regulations.

Gauci Magri and Partners can assist businesses by:

Advisory Services: Guiding businesses through the application process and ensuring compliance with eligibility requirements.

Funding Optimization: Helping clients allocate funds strategically to maximize benefits from the incentive.

Document Preparation: Assisting with incorporation, application, and due diligence documentation.

Business Support: Supporting clients in identifying suitable accelerator programs aligned with their growth goals.

Let’s Connect

Contact us today at admin@gaucimagri.com to learn how we can help your business thrive.

The Team at Gauci Magri & Partners