Family Business Office Incentives

Bank Financing

  • Bank Financing

    The SME Guarantee Scheme (SGS) facilitates increased lending and aims at enhancing SME access to bank credit for new investment as well as other purposes; including for working capital related to new investment and business transfers.

    Malta Development Bank

Fiscal Incentives

  • Family Business Transfer

    Business Transfer – Parents transferring their family business to their children during this one year period will benefit from a reduced stamp duty of 5% to 1.5% with no capping on the amount to be transferred. For further information refer to S.L. 364.15 Duty on Donations of Marketable Securities and Immovable Property used for Business (Exemption) Order as amended.

    Guidelines

  • Immovable Property

    When transferring a family business, duty on immovable property shall be chargeable on the first €500,000 of the value of the property transferred at the advantageous rate of €3.50 per €100.00.

    For further information refer to Chapter 364 of the Laws of Malta ‘DUTY ON DOCUMENTS AND TRANSFERS ACT’, as amended

    Guidelines

  • Shares Interest

    When transferring shares, interests in a partnership, trust or foundation no account shall be taken of the first one hundred and and fifty thousand Euro (€150,000) or such other greater amount.

    For further information refer to Chapter 364 of the Laws of Malta ‘DUTY ON DOCUMENTS AND TRANSFERS ACT’, as amended.

    Guidelines

Governance Incentives

  • Advisory

    Professional advisory and mediation services for the purpose of assistance in the succession or business transfer of a registered family business.

    The increased benefit over previously launched schemes will see registered Family Businesses potentially avail of a maximum support of 20,000 Euro per family business in any rolling three (3) year period.The main aim of this scheme is to help family businesses, to address transitionary issues by facilitating access to advisory and mediation services.

    Malta Enterprise shall support Family Businesses by covering fifty percent (50%) of the advisory costs up to a maximum grant of two thousand, five hundred euro(€2,500) per advisory project.

    The Corporation shall support mediation services based on an hourly rate of up to one hundred euro (€100) per hour up to a maximum of twenty-five (25) hours per approval.
    .
    The appointed advisors must be approved by the Family Business Office and must not have a direct or indirect relation with the Family Business.

    This scheme is now available through the Family Businesses Grant Scheme and further information can be obtained by following the below link.

    Download Guidelines and Application Forms

  • Micro Invest

    Micro Investment of a maximum tax credit of €70,000 over a three year period.

    Download Guidelines and Application Forms

  • Education and Training

    Through these schemes Family Business owners and their employees will be able to receive training to develop and update their skills and knowledge. The current available scheme shall support training and knowledge transfer intiatives that will support owners and employees to acquire new skills, knowhow and knowledge.

    Skills Development Scheme

  • Lease Renewal

    The positive consideration of lease renewals occupying government premises; When a registered family business is occupying industrial government premises or land on lease or emphyteusis respectively as prescribed under Chapter 325 the Business Promotion Act and subject to the business satisfying all the conditions of the tenancy agreement, the Regulator shall recommend to the Malta Enterprise Corporation and, or Malta Industrial Parks to renew the tenancy, which renewal shall not be unreasonably withheld when the objectives of the renewal are to ensure the continuity of the family business between family members.