Business Development (2024) Regulations, 2024

L.N. 91 of 2024

MALTA ENTERPRISE ACT

(CAP. 463)

Business Development (2024) Regulations, 2024

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

Enterprise Act, the Minister responsible for Malta Enterprise with the

concurrence of the Minister responsible for finance, has made the

following regulations:-

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

commencement.

Development (2024) Regulations, 2024.

(2)

These regulations shall be deemed to have come into force

st March 2024.

on 1

In these regulations, unless the context otherwise requires

Interpretation.

"Act" means the Malta Enterprise Act;

"Corporation" means the Malta Enterprise as established by

article 7 of the Act;

"eligible undertaking" shall have the same meaning as

assigned to it by the Guidelines;

"Guidelines" means the Guidelines as may be published by

the Corporation from time to time in accordance with the Act,

establishing the parameters of implementing the aid granted by

these regulations.

Where the Corporation is satisfied that an Form of aid.

undertaking carrying on or intending to carry out an activity to

contribute to the economic development of Malta, requires assistance

to facilitate the investment, the Corporation may support such an

undertaking with a tax credit and, or a cash grant that may not exceed

three hundred-thousand euro (€300,000) over a period of three (3)

years in accordance with the terms and conditions set out in the

Guidelines.

(1) The Corporation shall establish application Deadline for

submission periods, which periods shall be published on the submission

applications for

Corporation's website.

assistance.

(2) No assistance shall be granted by the Corporation under

these regulations after the 31 st December 2030.

€0.18