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The isle of Gozo offers a number of attractions to those willing to invest. This incentive seeks to address unemployment levels in Gozo by facilitating investment projects that create new job opportunities and that can ensure durability of the jobs created. This incentive is available to enterprises engaged in manufacturing, ICT development activities, call centres, pharmaceuticals, biotechnology, filming and audio-visual as defined in the incentive guidelines.
Benefits Eligible enterprises, as defined in the incentive guidelines, that are undertaking investment projects in Gozo have the possibility of converting their investment tax credits into a cash grant. Such cash grants: · cover the first 24 months of new jobs created · are capped at €11,600 per job created. · are in relation to Investment projects commencing after 1st January 2007 and may not exceed the following aid intensities: · 30% with regards to Large Enterprises · 40% with regards to Medium sized Enterprises · 50% with regards to Small Enterprises
Application process To apply for this incentive enterprises are required to submit a letter addressed to the Corporation giving details of the employment created. Once an application is approved by Malta Enterprise, a Letter of Approval will be issued in favour of the enterprise.
Additional Info Enterprises interested in applying for this incentive should refer to the incentive guideline for full details. The guideline document includes details on eligibility, state aid regulations and the value of aid that may be granted under this incentive. |
