Micro Invest Scheme

Applications for the Micro Invest Scheme (hereinafter, the ‘Scheme’) have been reopened, with the primary deadline for self-employed being 26 March 2025 and for companies being 28 May 2025.

The Scheme provides a tax credit of 45% of eligible expenditure (with an additional 20% for Gozo) to eligible undertakings (including startups, family businesses and self-employed) which invest in their business. The maximum tax credits shall be capped at €50,000 over any period of three consecutive years, with an additional cap of €20,000 for undertakings operating from Gozo, or registered as a family business, or with more than 50% female ownership.

This capping is subject to an overall capping for de minimis assistance of €300,000 over a rolling period of three consecutive fiscal years for a single undertaking.

Eligible undertakings and eligible costs

At point of application, undertakings must satisfy all of the following criteria:

a) During the year in which the costs were incurred, not more than 50 full-time employees were employed in the business;

b) The turnover or annual balance sheet total of the undertaking did not exceed €10 million in the fiscal year preceding the year in which the application is submitted;

c) At the date of the application, the undertaking must employ at least one person on a full-time or part time basis; and

d) Unless exempted, the applicant is registered with the VAT Department.

Eligible costs for the current applications must have been invoiced between 1 January and 31 December 2024, and must be supported by appropriate fiscal documentation.

These costs include:

a) Wage cost increases exceeding 3% of the highest wage costs of the previous two fiscal years;

b) Costs incurred for furbishing, refurbishing and upgrading of business premises by unrelated parties, supported by photographic evidence of the work undertaken;

c) Investment costs including the acquisition of new machinery; systems to produce alternative energy or improve energy efficiency; and tangible and intangible assets such as computer hardware, packaged software solutions, and development costs for digital applications, websites and new software systems;

d) Costs incurred for the purchase of any qualifying commercial vehicle, procured as new or first time registered in Malta, with a European Emission Standard of at least Euro 5; and

e) Certification costs.

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.