S.L. 463.46 · Invest Regulations (S.L. 463.46)
S.L. 463.46 Art. 3Eligible projects.
(1) The initial investment project shall be considered for support if the investment shall result in the setting up of, expansion, diversification or a fundamental change in the carrying out of a qualifying economic activity.
(2) (a) Cash grants, loan guarantees and interest rate subsidies may only be awarded to eligible projects for which an application is submitted and approved before the start of works and during the period of validity of the scheme.
(b) Projects having a start of works after 1st May 2022 but prior to the approval of the Corporation may only be awarded aid in the form of tax credits.
(3) Eligible investment projects can only be awarded aid in respect of projects commencing on or after the 1st May 2022 but in no case later than 31st December 2026 or later if the start of works was delayed due to factors outside the control of the undertaking as shall be determined by the Corporation, as long as the undertaking submits an application for aid prior to any deadline established in the guidelines and the aid in respect of such projects is approved by the Corporation by 31st December 2023.
(4) The said investment and the qualifying economic activity shall be retained in Malta for a minimum period of at least five (5) years or three (3) years in the case where the undertaking is an SME, after completion of the investment project.
(5) An undertaking intending to avail itself from the benefits of these regulations must provide a financial contribution of at least twenty-five percent (25%) of the eligible costs, either through its own resources or by external financing, in a form, which is free of any public support.
(6) The undertaking must confirm that it has not carried out a relocation to the establishment in which the initial investment for which aid is requested is to take place, in the two (2) years preceding the application for aid and it must also commit that it will not relocate for a a period of up to two (2) years after the completion of the initial supported investment.