Invest 2024 Scheme

This Grant is offered through the Malta Enterprise.

Purpose

• Promote Malta's regional industrial and economic development by funding:New establishments. Expansion of existing facilities. Diversification into new products/services. Upgrades in production processes.

Eligibility

Qualifying Activities:

Manufacturing, IT services, logistics, life sciences, education, hospitality, and environmental solutions, among others.

Must align with specific NACE categories and involve eligible investment projects starting after 1 January 2024.

Eligible Applicants:

SMEs and large enterprises (support for large enterprises limited to new economic activities). Applicants must operate from Malta and comply with VAT, tax, and social security obligations. Businesses engaged in gambling or financial services are excluded.

Funding Options

Forms of Support:

Tax Credits: Non-refundable and carried forward if unused. Cash Grants: Subject to evaluation and pre-approval. Loan Interest Subsidies: Up to 3% annually, with a minimum effective rate of 1%. Loan Guarantees: Covering up to 80% of loans, capped at €16.5M.

Maximum Aid:

Varies based on the size of the enterprise, activity type, and location:

Small businesses in Gozo/Comino: Up to 35% of eligible costs. Medium enterprises: Up to 25% (Gozo/Comino). Large enterprises: Capped at 15% in specific areas.

Eligible Costs

Tangible Assets:Land, buildings, plant, machinery, and equipment necessary for the investment. New or compliant used assets (for SMEs only).

Intangible Assets:Patents, licenses, and intellectual property used exclusively for the project.

Job Creation Costs:Gross wages for jobs created, maintained for 3–5 years.

Application Process

• Open from 1 January 2024 to 30 September 2026.

• Applications must include:Compliance certificates. Detailed project descriptions, cost breakdowns, and business plans (for newer enterprises). Financial and operational projections.

• Evaluation criteria include project feasibility, technological innovation, job creation, and environmental impact.

Monitoring and Compliance

• Projects must maintain economic activities in the supported area for 3–5 years.

• Beneficiaries are subject to audits and on-site inspections.

• Changes to approved projects require prior authorization.

Gauci Magri and Partners can assist businesses by:

Advisory Services: Guiding businesses through the application process and ensuring compliance with eligibility requirements.

Funding Optimization: Helping clients allocate funds strategically to maximize benefits from the incentive.

Document Preparation: Assisting with incorporation, application, and due diligence documentation.

Business Support: Supporting clients in identifying suitable accelerator programs aligned with their growth goals.

Let’s Connect

Contact us today at admin@gaucimagri.com to learn how we can help your business thrive.

The Team at Gauci Magri & Partners