Micro Invest Scheme

This Grant is offered through the Malta Enterprise.

Objective

• Encourage eligible businesses to invest in their operations by offering tax credits as a percentage of eligible costs, including wage increases and business improvements.

Eligibility

Applicant Criteria:

Fewer than 50 full-time employees. Annual turnover or balance sheet total not exceeding €10 million. Must employ at least one person (full/part-time). Must not apply for other investment aid measures (e.g., "Invest" or "Investment Aid Tax Credits") for the same costs.

Excluded sectors:

Agricultural production, fishery, and export-specific activities, as per EU de minimis rules.

Incentive Description

Aid Intensity:

Tax credits of 45% of eligible costs. Bonus 20% for Gozo-based businesses, family enterprises, or female-owned entities. Fossil fuel vehicles: Capped at 30%.

Maximum Aid:

€50,000 over 3 consecutive years. Increased to €70,000 for Gozo businesses, family enterprises, or female-owned entities.

Eligible Costs:

Wage increases exceeding 3% over the previous two years. Refurbishment of licensed business premises. Purchase of machinery, technology, or software (new or first-time used in Malta). Electric or hybrid vehicles for commercial use. Certification costs (e.g., ISO standards, HACCP).

Ineligible Costs:

Land/property purchases, operating costs, VAT, director fees, maintenance, subscriptions, or promotional material.

Application Process

Deadlines:Submit applications annually for costs incurred in the previous year. Late applications receive entitlement in the following tax year.

Submission:Include invoices, fiscal receipts, wage documentation, and photographic evidence (for refurbishments).

Monitoring and Compliance

• Beneficiaries must maintain records for 10 years.

• Onsite inspections may verify compliance.

• Tax credits are forfeited if misused, double-funded, or in breach of State Aid rules.

State Aid Limits

• Total de minimis aid must not exceed €300,000 over three years for a single undertaking.

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