Business Development Scheme

Malta Enterprise has relaunched the Business Development Scheme, (hereinafter, the ‘Scheme’), intended to support new business initiatives, start-ups, expansions and transformation activities that lead to new business opportunities, create skilled employment, create increased competitiveness or widen market reach. Approved projects are expected to contribute to Malta’s economic development and its environmental and sustainability targets.

Applications under the Scheme may be submitted until 30 September 2030.

Type of support and eligible projects

Eligible enterprises may receive support in the form of a tax credit or a cash grant or a combination of both, capped at €300,000 per single undertaking over a rolling period of three years. Support shall not exceed 75% of the approved costs related to any one of the following project types:

i. Projects related to setting up, expansion and modernisation of specific activities, including manufacturing, software development, waste recycling, research and development, audio visual productions, digital solutions;
ii. Projects linked to environmental protection and performance;
iii. Projects related to innovative new business operations by start-ups or established undertakings;
iv. Projects facilitating employment of workers with disabilities, beyond legal requirements;
v. Collaborative projects submitted by business associations, such as consolidated warehousing, shared employee transport;
vi. Projects related to the upgrading of industrial facilities and hotels, resulting in improvement in services to be provided;
vii. Projects related to the establishment and upgrading of artisan facilities;
viii. Business re-engineering and digital transformation projects leading to higher efficiency; and
ix. Projects leading to recognised certifications beyond applicant’s legal requirements.

Supported projects must commence within 12 months of approval and are expected to be implemented within 36 months from approval.

Project eligible costs are limited to: 

i. Wage costs;
ii. Costs for the lease and rental of industrial and non-residential properties;
iii. Costs for shared industrial or business facilities;
iv. Costs for advisory services in relation to an eligible project, as previously defined;
v. Costs for the procurement of tangible assets;
vi. Costs for the procurement of intangible assets;
vii. Costs for the procurement of digital technologies;
viii. Costs for the construction and upgrading of industrial sites, hotels and artisanal workshops; and
ix. Costs related to the relocation of personnel to Malta.

How can we help?

Deloitte Malta is able to assist in answering your queries, so please do not hesitate to reach out to us for any further guidance you may require.

In addition, Deloitte Malta is able to assist with the preparation of the required applications and any supporting documentation, as well as document submission and any required follow-ups.