Assistance to Small and Medium-Sized Undertakings

L.N. 102 of 2013

MALTA ENTERPRISE ACT

(CAP. 463)

Assistance to Small and Medium-Sized Undertakings

(Amendment) Regulations, 2013

IN exercise of the powers conferred upon him by article 5 of the

Malta Enterprise Act, the Minister of Finance, the Economy and

Investment, in consultation with the Malta Enterprise Corporation,

has made the following regulations:-

(1) The title of these regulations is the Assistance to Citation and

Small and Medium-Sized Undertakings (Amendment) Regulations, commencement.

2013, and these regulations shall be read and construed as one with

the Assistance to Small and Medium-Sized Undertakings S.L. 463.03

Regulations, hereinafter referred to as "the principal regulations".

(2) These regulations shall be deemed to have come into force

on the 1st January, 2012.

Regulations 10 and 11 of the principal regulations shall be Re-numbers

regulations 10

re-numbered as regulations 11 and 12 respectively.

and 11 of the

principal

regulations.

Immediately after regulation 9 of the principal regulations Adds new

regulation to the

there shall be added the following new regulation

principal

regulations.

" Assistance

Where the Corporation is satisfied that a

for

small or medium size undertaking carrying on or

improvement

intending to carry out a qualifying activity that may

in the quality

of products.

contribute to the economic development of Malta

requires assistance to -

(a)

achieve a recognised quality

certification related to processes, products or

services;

(b) achieve

a

recognised

environmental certification;

(c)

adopt an operations manual or to

acquire a franchise licence;

(d) undertake a due diligence

exercise leading to the acquisition of a

licence required for participation in a value

chain;

(e)

acquire a quality mark,

the Corporation may, in accordance with the

Guidelines, assist such an undertaking with a tax

deduction equivalent to one hundred and fifty per

cent (150%) of the eligible expenditure incurred up

to a maximum expenditure of twenty thousand euro

(€20,000).".

€0.18