ERREMME BUSINESS ADVISORS

BUSINESS
DEVELOPMENT

Maximum grant of €200,000.

The Business Development Scheme facilitates value-added projects, including new business initiatives, expansions and transformation activities that shall contribute to the regional development of Malta. The scheme may support various activities such as the initial development phase of undertakings establishing an operational base in Malta, expansion projects, consolidation of activities and the reengineering of business processes. Supported initiatives should lead to new opportunities, additional employment, increased competitiveness or widening market reach. The Malta Enterprise may award tax credits or cash grants of up to € 200,000 to undertakings that carry out a project aimed to expand and transform their business operation or to consolidate their current activities and reengineer their business processes.

Eligible undertakings

Legal person established to carry out an economic activity and liable for Income Tax in Malta (incl. self-employed, partnership and co-operatives).

Eligible activities

Projects related to future development of the following activities shall be considered for support in the form of cash grants or tax credits:
  • manufacturing;
  • management of waste and environmental solutions;
  • research and development activities;
  • provision of industrial services and solutions to manufacturing operations;
  • digitisation of processes2;
  • development of digital service and systems (including video games and entertainment systems) intended for international markets;
  • maintenance, repair and overhaul of aircraft and other electromechanically equipment;
  • artisanal works;
  • services that by nature are not limited to geographic scope and are scalable internationally.
Projects that do not address the above activities but which may lead to increase in business performance and innovation, may be supported through tax credits.

Eligible costs

Eligible costs shall be directly related to the operation of the undertaking in the following areas:
  • Relocation costs of Key Personnel;
  • Payroll Costs;
  • Lease and Rental of Real Estate;
  • Support and Advisory Services;
  • Rights, Licences and Certifications; and
  • Procurement and Relocation of Tangible Assets.

Scam Alert !

We are aware that scammers may be using our brand name (Erremme) to offer non-existing jobs and lure victims towards scams and other forms of malicious activities. Please refrain from replying to messages from non-familiar sources especially with whatsapp numbers that are non-Maltese.
 
Should you require any clarification, please contact us on info@erremme.com.mt
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