Microinvest - Tax Credits for Micro Enterprises and the Self-Employed

Overview

The objective of this scheme is to encourage undertakings to invest in their business, innovate, expand, and implement compliance directives, or to develop their operations.

What you'll get

Eligible undertakings which may include self-employed persons will be supported through a tax credit representing a percentage of the eligible expenditure and wages of newly recruited employees.

Eligibility

Enterprises operating in Malta and Gozo that:

- for 3 consecutive months in the year during which the costs were incurred did not employ more than full-time employees
- whose turnover in the year preceding the application did not exceed €10 million
- at the date of application employed at least 1 person on a full-time basis
- unless exempted, is registered with the VAT department

More details on the eligibility criteria may be viewed in the Incentive Guidelines.

How to apply

Fill in the online form and submit.

Applications should be made to the Corporation on completion of the project.

Applicants should submit the official application, together with all the requested supporting documentation as outlined in the form. Applicants may submit 1 application per year.
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