A Budget that extends the safety-net for Businesses, more tax incentives should follow to enable new investments
19 October 2020
Budget 2021 The Malta Chamber of SMEs is pleased to see a number of its...
Commission has launched a consultation inviting stakeholders to share their
views about crowdfunding: its potential benefits, risks, and the design of an
optimal policy framework to untap the potential of this new form of financing.
for Internal Market and Services Michel Barnier said: "Crowdfunding – this
alternative form of fundraising that is collective, participatory and
interactive – is becoming increasingly important. It has the potential to
bridge the financing gap many start-ups face and to stimulate entrepreneurship.
Considering the development of crowdfunding and the diversity of regulatory,
supervisory, fiscal and social frameworks for it across the EU, do we need a
single European framework to support both those who develop crowdfunding
platforms and to reduce the risks to those who make use of such platforms to
finance projects. That is what I am asking."
many crowdfunding campaigns are local in nature, others would benefit from
easier access to financing within a single European market. But to make sure
crowdfunding is not just a momentary trend that fades away, but rather a
sustainable source of financing for new European projects, certain safeguards
are needed, in particular to ensure people's trust. The ultimate objective of
this consultation is to gather data about the needs of market participants and
to identify the areas in which there is a potential added value in EU action to
encourage the growth of this new industry, either through facilitative,
soft-law measures or legislative action.
consultation covers all forms of crowdfunding, ranging from donations and
rewards to financial investments. Everyone is invited to share their opinion
and fill in the on-line questionnaire, including citizens who might contribute
to crowdfunding campaigns and entrepreneurs who might launch such campaigns.
National authorities and crowdfunding platforms are also particularly
encouraged to reply.
consultation will run until 31 December 2013. It is available at:
The Malta Chamber of SMEs represents over 7,000 members from over 90 different sectors which in their majority are either small or medium sized companies, and such issues like the one we're experiencing right now, it's important to be united. Malta Chamber of SMEs offers a number of different services tailored to its members' individual requirements' and necessities. These range from general services offered to all members to more individual & bespoke services catered for specific requirements.
A membership with Malta Chamber of SMEs will guarantee that you are constantly updated and informed with different opportunities which will directly benefit your business and help you grow. It also entails you to a number of services which in their majority are free of charge and offered exclusively to its members (in their majority all free of charge).