Get Ready Scheme Regulations, 2018

L.N. 358 of 2018

MALTA ENTERPRISE ACT

(CAP. 463)

Get Ready Scheme Regulations, 2018

IN EXERCISE of the powers conferred by article 5 of the Malta

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

Businesses, in consultation with the Malta Enterprise Corporation has

made the following regulations: -

(1) The title of these regulations is the Get Ready Citation and

commencement.

Scheme Regulations, 2018.

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

as from 1 st September 2018.

In these regulations, unless the context otherwise requires

Interpretation.

"the Act" means the Malta Enterprise Act;

Cap 463.

"the Corporation" means Malta Enterprise established

under the Act;

"the Guidelines" means such guidelines as may be

published by the Corporation from time to time in terms of the

Act;

"Small and Medium Sized Enterprise (SME)" or "(SMEs)"

has the meaning attributed to it by Annex I of Commission

Regulation (EU) No 651/2014 of 17 June 2014;

"undertaking" means an undertaking as defined in the Act.

Where the Corporation is satisfied that an undertaking that Form of aid.

has a significant dependency on the British market, in terms of import

and, or export, requires assistance to access advisory services, the

Corporation may provide such an undertaking with a cash grant not

exceeding four thousand euro (€4000) as part-financing of up to fifty

per cent (50%) of the eligible costs incurred by the undertaking in

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

An undertaking shall only qualify for the benefits provided Eligibility.

by these regulations if such undertaking

(a)

is carrying out an economic activity in Malta;

(b) is a small enterprise that employs at least five (5)

persons but not more than fifty (50) persons on full time basis;

(c) meets any additional criteria established in the

Guidelines.

No assistance under these regulations shall be awarded by

the Corporation to any request for support received after 31 st January

2019. €0.18