Family Business Support Services Regulations, 2016

L.N. 429 of 2016

MALTA ENTERPRISE ACT

(CAP. 463)

Family Business Support Services 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, has made the following regulations:-

(1)

The title of these regulations is the Family

Business Support Service Regulations, 2016.

(2) These regulations shall come into force from the 1st

January, 2017.

In these regulations, unless the context otherwise requires

"the Act" means the Malta Enterprise Act;

"the Corporation" means Malta Enterprise established under the

Act;

"family business" means a business registered with the

Regulator in terms of the Family Business Act and holds an updated

certificate issued by the Regulator for Family Businesses;

"the Guidelines" means such guidelines as may be published by

the Corporation from time to time in terms of the Act.

Where the Corporation is satisfied that the business is

classified as a Family Business, the Corporation may provide such

Family Business with a cash grant which shall not exceed the amount

of four thousand five hundred euro (€4,500) per annum in accordance

with the terms and conditions set out in the Guidelines.

Applications for assistance under these regulations shall

reach the Corporation by not later than the 31st December, 2020.

€0.09