Malta Enterprise Incentive: Business Advisory Services Aid

This scheme will be available till 31 December 2020.

It was designed to support business undertakings operating in Malta by having access to advisory services which suit their specific circumstances.

The scheme aims to help entrepreneurs to formulate business strategies to ensure sustainability and growth.

The undertakings which apply for this grant will be receiving authorized professional support in the following areas:

  • Market Development
  • Business Planning
  • Financial Planning
  • Startups & Entrepreneurship
  • Industrial Space Audit

 

But how does this work?

The beneficiaries will receive a Business Advisory Voucher valid for 6 months of a monetary value of EUR 500 for a minimum of 5 hours of advisory services.

Additional advisory services required will be supported through a tax credit calculated at 50% of the costs incurred by the beneficiary which is capped at a maximum cost of EUR 2,000.

In order to be able to avail yourself from such two incentives, one needs to approach one of the authorized advisors in the list of advisors on the Malta Enterprise portal for the advisory services required.

Ineligible entities

Only two types of entities cannot avail themselves from this advisory services aid being:

  • Public entities and Commercial undertakings in which the Government has a direct or indirect holding of more than 25%
  • Voluntary organization

 

How can Erremme help you?

Erremme can guide you through the application process by completing the relevant application forms, business plans and other documents. The admission process is managed and regulated by the Malta Enterprise and these Incentive Guidelines will remain active until 31st December 2020.

For more information contact us on sfinch@easl.com.mt

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