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Open Aid Schemes

Malta Residence and Visa Programme

Malta offers various options for Non-EU nationals who intend to come and reside in Malta. One of the options available in Malta relates to the Malta Residence and Visa Programme…

Transfer of a Registered Office of a European Company (SE)

Transfer of registered office to Malta   The following documents must be delivered to the Registrar of Companies in case of transfer of a registered office of an SE to…

Family Business Act- How can this help your family business?

1. Introduction Effective date 1st January 2017 Scope To promote the smooth transition and change of ownership in Maltese Family Businesses by creating tax and monitoring incentives to encourage growth,…

New EU accounting directive and implications on the filing of accounts to the Registrar of Companies

The New EU Accounting Directive has been implemented into Maltese legislation, resulting in changes to the accounting framework as well as filing requirements for Malta Companies. Company directors should be…

Malta Budget Highlights 2017

  The thrust of the 2017 Budget presented in Parliament by the Minister of Finance, focused on continuing prosperity whilst achieving social justice to ensure that everybody improves in one’s…

SME Diversification & Innovation Grant Scheme

Scope Scheme is aimed to encourage investment in the innovation and diversification to ensure that enterprises react timely to operations challenges such as market saturation. The scheme is administered by…

SME Internationalisation Grant Scheme

Scope Scheme is aimed to support SMEs by part-finance cost to actively participate in International Business Promotion Fairs held outside Malta. The participation should be aimed to the internationalization of…

Investment Aid for High-Efficiency Cogeneration

  Purpose This scheme is targeting entities who invest in cogeneration equipment (i.e. energy efficient solutions that simultaneously generate thermal energy & electrical and/or mechanical energy). The energy generated from…

Investment Aid for High-Efficiency Cogeneration

  Purpose This scheme is targeting entities who invest in cogeneration equipment (i.e. energy efficient solutions that simultaneously generate thermal energy & electrical and/or mechanical energy). The energy generated from…

Seed Investment Scheme (Income Tax) Rules, 2016 (Legal Notice 232 of 2016)

Effective Date – 1 January 2016 until 31 December 2018   Benefit – A tax credit will be granted to natural persons (individuals) investing in start-up businesses (hereinafter referred to…

Business Enhance ERDF Grant Schemes

The Business Enhance ERDF Grant Schemes initiative will assist enterprises across the board to maximise their investment and growth potential, to create further employment opportunities and render them more competitive.…

LN 205 of 2016 - Duty on Documents and Transfers (Amendment) Rules, 2016

As from first (1st) June 2016, the value of the property subject to duty, transferred inter vivos or transmitted causa mortis, has been amended. Rule 3 which relates to this…

LN 195 of 2016 - Deductions and Tax Credits (Relevant Qualifications for Industry) (Amendment) Rules, 2016

As from first (1st) January 2016, the required documents referred to in the rules relating to tax credits given to students who after following a relevant course successfully completes that…

LN 179 of 2016 – Investment Aid for High-Efficiency Cogeneration Regulations, 2016

A new tax credit or a cash grant may be given to small, medium-sized or large undertaking, provided certain conditions are satisfied.   Where Malta Enterprise is satisfied that an…

LN 194 of 2016 – Enterprise Support Incentives (Amendment) No. 2) Regulations, 2016

• The rule relating to assistance for collaboration with other undertakings has been amended to read as follows: Where the Corporation is satisfied that an undertaking carrying on or intending…

LN 178 of 2016 – Assistance for Knowledge Transfer Regulations, 2016

A new tax credit has been introduced in order to assist undertakings that may contribute to the economic development of Malta. Where Malta Enterpise is satisfied that an undertaking carrying…

Enterprise Support Incentives Regulations (LN118 of 2016)

ENTERPRISE SUPPORT INCENTIVES REGULATIONS (the “Regulations”) The Enterprise Support Incentives Regulations have been amended by means of legal notice 118 of 2016. Malta Enterprise (the “Corporation”) may grant cash grants…

ETC Scheme ‘Access to Employment (A2E) scheme’

Scope Scheme is intended for the recruitment of unemployed and inactive job seekers. Recruitment should be on a full time basis of 40 hour week or part time (20 hours…

Malta Budget Highlights 2016

The thrust of the 2016 Budget presented in Parliament by the Minister of Finance, continued on the concept focusing on the principle of Strengthening the Economy. Fiscal and Economic Review Economic…

New Financial Reporting requirements for Maltese companies

Through the issue of Legal Notice 289 of 2015 – Accountancy Profession (General Accounting Principles for Small and Medium-Sized Entities) Regulations  (the “Regulations”), Maltese companies are now presented with a…

LN 241 of 2015 - Personal Retirement Scheme (Amendment No. 2) Rules, 2015

The conditions for long term contract of insurance in order to be considered as a qualifying scheme for the personal retirement scheme purposes, have been amended by means of legal…

Cash grants to small start-up small and medium-sized undertakings having a viable business concept

A new legal notice, legal notice 237 of 2015, has been issued relating to assistance to small and medium-sized undertakings having a viable business concept which are in their early…

Act XXII of 2015 – Persons with Disability (Employment) Act

An employee who employs 20 persons or more is required to employ or takes into his employment, a registered person being a severely disabled person as certified by a placement…

European Union Directive (Amendment) (No. 2) Regulations, 2015

The EU Directive regulations relating to common system of taxation applicable in the case of parent companies and subsidiaries of different member states has been amended as follows: - Member…

Merchant Shipping Act (CAP. 234) Merchant Shipping (Fees) (Amendment) Regulations, 2015

This Regulation shall come into force on the 1st August 2015.   The fees payable in respect of any item provided for in the principal regulations, both before and after…

Malta Enterprise Act (Amendment of Various Regulations) Regulations, 2015

A new regulation has been published wherein various deadlines have been established relating to the following regulations. In brief, most of the incentives stated in the following regulations shall no…
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