Rent Subsidy (Amendment) Regulations, 2025
Statutory Text (5 Articles)
L.N. 91 of 2025
MALTA ENTERPRISE ACT
(CAP. 463)
Rent Subsidy (Amendment) Regulations, 2025
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 for Finance, has made the following
regulations:-
The title of these regulations is the Rent Subsidy Citation.
(Amendment) Regulations, 2025 and these regulations shall be read
and construed as one with the Rent Subsidy Regulations, hereinafter S.L. 463.33.
referred to as the "principal regulations".
Regulation 3 of the principal regulations shall be Substitutes
substituted by the following new regulation
Where the Corporation is satisfied that an
"Assistance to
eligible undertaking requires support to rent or acquire
industrial premises for developing a business activity, the
Corporation may provide assistance in the form of cash
grant and, or tax credits not exceeding fifty percent (50%)
of the eligible costs, in accordance with the terms and
conditions set out in the Guidelines. The Corporation
shall only consider assistance to cover the cost for the
rental or acquisition of industrial premises when the
request for support is submitted to the Corporation within
the parameters established in the Guidelines.".
3. Regulation 3A of the principal regulations shall be Substitutes
substituted by the following new regulation
The value of assistance being awarded in
accordance with these regulations shall be limited to three
hundred thousand euro (€300,000) over any rolling period
of three (3) years for every undertaking. Any assistance
approved shall be disbursed in equivalent amounts not
exceeding fifty thousand euro (€50,000) per annum over a
period of six (6) years, of which the first three (3) years
shall be in the form of cash grants and the subsequent
three (3) years in the form of tax credits.".
€0.18