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S.L. 463.58 · Micro Invest Regulations (S.L. 463.58)

S.L. 463.58 Art. 2Interpretation Cap. 463.  Cap. 565.    Cap. 630.

In KraftAmtlicher Text

In these regulations, unless the context otherwise requires:

"Act" means the Malta Enterprise Act;

"applicant undertaking" means a business, being a legal person, that submits an application for support in accordance with these regulations and as further specified in the guidelines, independent of any related undertaking within the definition of a single undertaking as established in the guidelines;

"Corporation" means Malta Enterprise established in accordance with the Act;

"eligible expenditure" means the procurement of new tangible assets, refurbishment of business premises, the procurement and further development of digital solutions, increase in wage costs of full-time employees and any further costs as established in the guidelines;

"family business" shall have the meaning assigned to it by the Family Business Act;

"female-owned business" means:

(a) a female self-employed person;

(b) a partnership or a company in which the majority of shares and voting rights are owned by one (1) woman; or

(c) a partnership or a company in which the majority of shares and voting rights are owned by a group of women and where the largest percentage of shares and voting rights are controlled by a single woman;

"guidelines" means the set of rules issued by the Corporation from time to time in accordance with the Act; "social enterprise" means an undertaking which is duly registered as a social enterprise organisation in accordance with the Social Enterprise Act and which holds a valid certificate issued by the Regulator of Social Enterprise Organisations.