In terms of the Malta Enterprise Act (CAP. 463) and its subsidiary legalisation entitled Brexit Support Scheme Regulations, 2019, the Malta Enterprise shall be providing aid in the form of a cash grant covering fifty per cent (50%) of the eligible costs not exceeding five thousand euro (€5,000) to Eligible Undertakings.
The Eligibility Criteria would be:
(a) the undertaking operates in Malta; and
(b) the undertaking justifies a significant dependency on British market in terms of import and, or export. Such significant dependency shall be defined in the guidelines and shall take into consideration the undertaking's turnover dependency on transactions related to the British market in the last two fiscal years.
The Malta Enterprise shall only consider applications for support received by 31st December 2020.
Should you require further information and assistance in the application of the Brexit Support Scheme Regulations please contact us.
The content of this article is intended to provide a general guide to the subject matter. Specialist advice should be sought about your specific circumstances.