Fabian Demicoli

Incentives for the hospitality sector

GRTU held a meeting for its members
in the hospitality sector on Malta Enterprise incentives for the hospitality
industry (hotels, restaurants, snack bars, guest houses..). The schemes
presented were the following:

Business First

Business First implementing to set up
a one stop shop for businesses. This will set up a Point of Single Contact
(PSC) for businesses with will include:

  • Friendly,
    supportive and professional business advisory services
  • Personalised
    attention and possibility of face-to-face meetings
  • Guidance
    on schemes and incentives to boost business' performance and facilitate growth
  • Provision
    of support, services and schemes offered by Malta Enterprise
  • 19
    Service Level Agreements signed with Government departments and entities
  • 54
    services offered by other departments and entities to be offered through
    Business First
  • More
    services to be added on demand

 

 

 

 

 

 

Microinvest

Supports micro enterprises and
self-employed (employing up to 9 persons) to invest in their business to
innovate, expand, implement compliance directives. Assistance available is
capped at €25,000 or 40% of eligible expenses for enterprises in Malta.
Enterprises in Gozo is capped at 60% of eligible expenses, up to a maximum of
€25,000.

Eligible expenses under this scheme
include:

  • Refurbishing
    and upgrading of business premises
  • Machinery,
    equipment and technology to improve operations
  • Machinery
    or technology which saves or generates energy
  • Investment
    required to become compliant with regulations
  • One
    motor vehicle used for the carriage of goods
  • Wage
    costs covering 12-month for new jobs created

This scheme has extended to include
investments made in 2012                                              

 

Quality +

Encourages SMEs to improve the
quality of their products, services and processes by achieving quality
certifications and quality marks, environmental certifications, franchise
licences and licences required for participation in a value chain. It is
granted on approved projects on a maximum of €20,000 in eligible costs and
deduction from taxable income equivalent to 150% of eligible costs.

The following are example of
certification marks:

ISO 9001:2008, ISO17025:2005,
ISO17020, ISO 14001 (Environment)

EMAS & Ecolabel

ISO 22000 (Food Safety & Hygiene)

Hazard Analysis Critical and Control
Point (HACCP)

MSA EN 14804:2005 (Language Study
Tour Providers)

Halal certification &
MS1500:2004 

CE Mark & BSI Kitemark

 

Interest Rate Subsidies for
Hospitality Sector

Supports hotels; guesthouses;
hostels; farmhouses; snack bars and restaurants in upgrading their operations
and product offering so as to provide new and improved services. Assistance
granted in the form of an interest subsidy ranging between 1% and 3% on a loan
taken up to fund tangible assets used in furbishing and upgrading of premises
including extensions, modifications and extensions to premises; the acquisition
of plant, machinery, apparatus and instruments;

  • hotel,
    guest house or hostel; may qualify for an interest rate subsidy on a loan of a
    maximum value of €7,000,000
  • farmhouse,
    snack bar or restaurant may qualify for an interest rate subsidy on a loan of a
    maximum value of € 500,000.

 

 

Once approved project costs must be incurred
and paid for between the date the project is approved and 31st December 2014.

For further information kindly
contact Abigail Mamo at GRTU.

What we can do for you

INFORMATION POINT

BUSINESS SERVICES

MEMBERSHIP BENEFITS

LOCAL ISSUES & LEGISLATION

B2B NETWORKING EVENTS

LEGAL ADVICE

FUNDING ASSISTANCE

COURSES

BECOME A MEMBER

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).