The Micro Invest Scheme is designed to support businesses – including start-ups, family businesses and self-employed – by encouraging investment in innovation, expansion and operational development. Eligible businesses can benefit from a tax credit of 45% on eligible expenditure incurred during 2024.
Businesses operating from Gozo can benefit from an additional 20% i.e., a total tax credit to 65% on eligible expenditure.
The capping for this Scheme is set at €50,000 over a three-year period. Furthermore, businesses that meet any of the following criteria benefit from an increased capping of €70,000:
- Operate from Gozo,
- Are registered as a Family Business, or
- Have more than 50% female ownership.
Who Can Apply?
To be eligible, businesses must meet the following criteria:
- Employ not more than 50 employees in 2024.
- Have at least one employee at the date of application.
- Generate annual turnover or a balance sheet total not exceeding €10 million in the fiscal year preceding the year of application.
- Unless exempted, be duly registered with the VAT Department.
What Costs Are Covered?
The scheme covers various business investments, including:
- Wage cost increase exceeding 3% compared to the highest wage cost in the previous two fiscal years.
- Refurbishment, extension and modifications of business premises by third parties.
- New machinery, equipment and technology to enhance operations.
- Digital transformation investments, including software, hardware, websites, and digital applications.
- Sustainable energy solutions, such as alternative energy systems or energy efficiency improvements.
- Commercial vehicle which is new or first-time registered in Malta, including plug-in hybrid (PHEV), electric or has a European Emission Standard rating of at least Euro 5.
- Attainment or extension of a Certification relevant to the business.
Application Deadlines
- Self-employed: 26th March 2025
- Companies: 28th May 2025
- Late submissions accepted until 26th November 2025
Get Expert Guidance
Need help assessing your eligibility to benefit from this Scheme? Contact us at info@zampapartners.com
Such information is accurate as of the last update. The scheme may be subject to changes or expiration, so we recommend verifying its status before applying.
Last update: 30/01/2025
Kris Bartolo
Partner
