Keeping up to date on incentive schemes

Digital Transformation

Keeping up to date on incentives schemes Digital Transformation
  • June 15, 2023

Digital transformation is reshaping the way business is conducted at a faster pace than ever before. It is highly impacting traditional business models - businesses that do not adopt technological transformations and automate their processes are unlikely to be able to adapt and compete effectively with competitors that have embraced such transformations.  

To incentivise and support businesses to digitalise their business processes, Malta Enterprise and other Authorities have issued several incentive schemes on this subject as set out hereunder.

Business Development Scheme

The Business Development Scheme is intended to facilitate value-added projects that are expected to contribute to the regional development of Malta and to support the initial development phase of an undertaking setting up in Malta, expansion projects, consolidation of activities as well as the reengineering of business processes. 

This scheme primarily targets undertakings engaged in prescribed qualifying activities, including manufacturing, research & development activities, digitisation of processes, and the development of digital services and systems. Other projects which lead to an increase in business performance and innovation may be supported, subject to Malta Enterprise’s discretion.

Eligible costs include the relocation costs of key personnel, payroll costs, lease and rental of real estate, support and advisory services, procurement and relocation of tangible assets and rights, licences and certifications related to the business development project in question.

This scheme is a De Minimis scheme and accordingly, the aid awarded is capped at €200,000 over a rolling three-year period (on a group level). 

The submission deadline for this scheme is 31 October 2023.

Further information on the said scheme may be found here.

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