The Business Development Scheme aims to facilitate value-added projects, including new business initiatives, start-up, expansions and transformation activities that contribute to the regional development of Malta.
Supported projects are expected to lead to new business opportunities, creation of skilled and highly-skilled employment, increased competitiveness or widening market reach.
Eligible Applicants
The measure does not apply to enterprises that generate revenue:
directly or indirectly through gambling activities;
the sale of real estate as a business activity;
wholesale or retail activities
the provision of financial services.
Applicants must not be defaulting on Income Tax, VAT and Social Security payments
Applicants must be eligible to receive de minimis aid
Eligible Projects must address one of the following categories
Setting-up, expansion and modernisation of an eligible activity
Environmental Actions
Innovative New Business
Facilitate Employment of Workers with Disabilities
Collaborative Projects
Upgrading for Facilities (Industrial Sites and Hotels)
Establishing and upgrading Artisanal Facilities
Business RE-engineering and Digital Transformation
Access to Markets and Certification
Applications must be submitted through the Corporation’s client portal which may be accessed here
The Following Documents are required;
- Audited Financial statements
- Management Accounts
- Tax Compiance statuts Certificate
- Business Plan
- Financial Summary
- De Minimis Declaration
- Lease/Rent Agreement
- CVs of Experts
- CVs of Employees
- Qotations or Estmates of Workers (BOQs)
