Micro Invest encourages undertakings (including start-ups, family businesses and self-employed) to invest in their business, so as to innovate, expand and develop their operations. Undertakings benefiting from this measure will be supported through a tax credit calculated as a percentage of eligible expenditure and wages costs
Applicable aid intensity
Tax credit equivalent to 45% of eligible expenditure
Maximum aid per undertaking
As from 1st January 2018, (for costs incurred in 2017), the maximum eligible tax credits per single undertaking shall be capped at €50,000 over any period of three (3) consecutive fiscal years, starting from eligible expenses incurred and paid for during the period from 1st January 2017 to 31st December 2017
Increase in Wage Costs
Eligible undertakings may apply for a tax credit on an increase in wage cost that exceed 3%, calculated by deducting from wage costs incurred in the relevant fiscal year, the highest annual wage cost incurred in the preceding two (2) fiscal years.
Furbishing and refurbishing of Business Premises
Costs incurred for services rendered for the furbishing, refurbishing and upgrading of business premises by third parties, including costs of materials and other items required for furbishing, refurbishing and upgrading of the business premises that are endorsed as to have been utilised by the third party providing the services in the works carried out.
When furbishing and refurbishing works are carried out by the applicant or the applicant’s employees, the Corporation shall accept the costs incurred for the purchase of materials if photographic evidence of the works is provided.
The furbishing and refurbishing property intended for short term lets is only considered when the property is adequately licensed at the time of application.
Eligible undertakings may apply for investments in:
a. Acquiring new (or first time used in Malta) machinery, technology, apparatus and instruments.
b. Systems intended to produce alternative energy.
c. Tangible and intangible assets required for digitisation of the business operation. Eligible costs may include:
i. Computer hardware.
ii. Packaged software solutions.
iii. Development costs for new software systems, websites and digital applications. In these cases the applicant must submit the agreement with the supplier specifying the parameters and functionality of the systems/website/application being developed. Maintenance costs are not eligible.
iv. Costs incurred in relation to the applicants websites developments, updates and enhancement.
Motor Vehicle Costs
EU funding opportunities
Since Malta became a member state of the European Union, EU funding opportunities have been made available to promote development across Malta and Gozo.
Several enterprises have already benefited from assistance in terms of EU and national funds. The support has enabled these businesses to unlock their business potential, improve economic growth and increase sustainability within their industry.
There are a number of funding tools available to encourage investment in your enterprise to improve its competitiveness and increase its economic growth.
Read more about how each of the following grant schemes can provide support to your business: EU Funding Opportunities
How we can help you
Benefiting from these grant schemes can give your business a significant boost. We will pull you out onto the field and help submit a competitive application. Over the years we have helped numerous organisations of all sizes and from most industries to successfully apply for a vast majority of the national and EU funding. Should you be interested, just firstname.lastname@example.org