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Malta Enterprise – Startup Advance Scheme Regulations 2018

Dated: [bxcode.pagedata.date]

Malta Enterprise – Startup Advance Scheme Regulations implemented by virtue of Legal Notice 99 of 2018 Malta Enterprise Act (Chapter 463 of the Laws of Malta).

 

These regulations shall be deemed to have come into force as from the 1st January 2018 and are intended to support small startup undertakings that are in the process of consolidating a business operation that has demonstrated market potential and is deemed as economically feasible and innovative by the Malta Enterprise.

 

For an undertaking to be eligible it must satisfy the following criteria: -

 

  1. It must be an economic undertaking established within the European Economic Community and with an operating base in Malta.
  2. Employs at least two persons under a full-time employment contract that is based in Malta and is liable to pay income tax in Malta.
  3. The applicant’s principle economic activity must be classified under any one of the following activities: Mining and Quarrying; Manufacturing; Electricity, gas, steam and air conditioning supply; Water supply, sewerage, waste management and remediation activities; Wholesale and retail trade: repair of motor vehicles and motorcycles; Transportation and storage; Accommodation and food service activities; Information and communication; Financial and Insurance Activities; Real estate activities; Professional, scientific and technical activities; Administrative and support service activities; Education; Human health and social work activities; Arts, entertainment and recreation.

 

The Malta Enterprise may award a maximum grant of €100,000 subject to certain capping.

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