22.11.2022
Business owners, whether in the form of self-employment or a limited liability company, should always be on the lookout for possibilities on how to improve and remain competitive in the market. Incentives such as grants schemes, have always played a vital role in the operational aspect of a business as they aid the financial burdens that are encountered by businesses. In Malta, such opportunities are possible through funding.
Below are some of the financial opportunities that businesses can tap into:
Business Enhance ERDF (European Regional Development Fund) Grant Schemes
This scheme, part-financed by ERDF, supports enterprises when investing in projects that their aim is to become more competitive, innovative, and resilient to market challenges to secure a sustainable business growth. These support start-ups, SME Growth, Diversification and Innovation, Internationalisation and Consultancy services as well as e-Commerce.
MicroInvest Scheme
This scheme launched by Malta Enterprise is a tax credit incentive for Micro Enterprises and self-employed. This scheme, equivalent to 45% of eligible expenditure, encourages them to invest, innovate and expand their business by purchasing machinery, technology, and motor vehicles, among other.
Family Business Office Incentives
Fiscal and Government incentives are entitled to family-owned businesses in Malta. These can benefit from advisory services, education and training, and investment aids, among others.
Over and above of these listed above, depending on your business, the setup, and they type of activity carried out by your business, we are happy to investigate any other funding and grants opportunities provided by the Maltese Government and the European Union. Also, our team is able to assist on any application being offered by Malta Enterprise. For guidance or assistance on how to apply for such schemes, you can get in touch with Ms Joceline Caruana on jcaruana@fairwindsmanagement.net.
