Regulations, 2016

L.N. 194 of 2016

MALTA ENTERPRISE ACT

(CAP. 463)

Enterprise Support Incentives (Amendment) (No. 2)

Regulations, 2016

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

Malta Enterprise Act, the Minister for the Economy, Investment and

Small Business, in consultation with the Malta Enterprise

Corporation, and with the concurrence of the Minister for Finance,

has made the following regulations:-

The title of these regulations is the Enterprise Support Citation.

Incentives (Amendment) (No. 2) Regulations, 2016, and these

regulations shall be read and construed as one with the Enterprise S.L. 463.04

Support Incentives Regulations, hereinafter referred to as "the

principal regulations".

In regulation 5 of the principal regulations, for the words Amends

"with a cash grant that may not exceed the limits set out in regulation regulation

the principal

20 in accordance with the terms and conditions set out in the regulations.

Guidelines." there shall be substituted the words "with a cash grant

that may not exceed the limits set out in regulation 21 in accordance

with the terms and conditions set out in the Guidelines.".

In regulation 6 of the principal regulations, for the words Amends

"with a cash grant that may not exceed the limits set out in regulation regulation

the principal

20 in accordance with the terms and conditions set out in the regulations.

Guidelines." there shall be substituted the words "with a cash grant

that may not exceed the limits set out in regulation 21 in accordance

with the terms and conditions set out in the Guidelines:" and

immediately thereafter there shall be added the following new

proviso

"Provided that applications for assistance under this

regulation shall reach the Corporation by not later than the 30th

April, 2016.".

Regulation 20 of the principal regulations shall be re- Adds new

numbered as regulation 21 and immediately after regulation 19 there regulation

principal

shall be added the following new regulation

regulations.

'' Assistance for

Where the Corporation is satisfied

expansion of

that a single undertaking carrying on or

business

intending to carry out an activity that may

operations or

for

contribute to the economic development of

consolidation

of current

Malta, requires assistance to set up business

operations.

development projects aimed to expand its

business operation or to consolidate its current

operations, the Corporation may provide such a

single undertaking with a tax credit or a cash

grant that may not exceed the limits set in

regulation 21 in accordance with the terms and

conditions set out in the Guidelines

Provided that applications for assistance

under this regulation may be submitted to the

Corporation as from the 1st May 2016 and shall

reach the same Corporation by not later than the

31st December 2020.''.

5. Regulation 21, as renumbered, of the principal regulations

shall be amended as follows

(a) in the first proviso thereof, for the words ''Provided

that, as from the 1st January 2014, assistance provided under

regulations 4, 5, 6, 7, 12, 17, 18 and 19'' there shall be

substituted the words ''Provided that, as from the 1st January

2014, assistance provided under regulations 4, 5, 6, 7, 12, 17,

18, 19 and 20''; and

(b) in the second proviso thereof, for the words

''Provided further that, for the purposes of regulations 4, 5, 6, 7,

12, 17, 18 and 19'' there shall be substituted the words

''Provided further that for the purposes of regulations 4, 5, 6, 7,

12, 17, 18, 19 and 20''.

€0.18