GRTU has this week held a very successful information session for its members on the new scheme launched by Malta Enterprise for the benefit of small businesses (less than 9 full-time employees as at 10th November 2009) and self-employed.
The scheme is being offered for businesses to innovate, expand, develop and invest. The main benefit is that through these investments in the betterment of their businesses they would be able to deduct as much as €25,000 could be reached up till 2013 and therefore over a period and not within 1 year. Enterprises based in Gozo are entitled to 60% on the total investment however the capping is still maintained the same.
To be eligible the business has to be an activity registered with the VAT Department and in possession of the required licences. They must also not be defaulting on VAT, Income Tax, Social Security and rent due to Government. Costs applied for under this scheme have to be incurred between Jan 2010 and Dec 2011. What costs are Covered:
Furbishing and upgrading of business premises for improved operations
Machinery or technologies to improve operations, save or generate energy
Cost of one commercial vehicle as long as such vehicle is involved in the transport of goods as specified in the guidelines
Investments which enable compliance with regulations, including Health and Safety, Environment Directives and Physical Access
Wage costs for new jobs created and/or apprenticeships taken, as long as these constitute a net increase in total working hrs
Applications are made AFTER he investment is made. There is an official application that should be completed electronically and sent/delivered until 31st March 2012.
We will help you keep a healthy relationship with your employees. By advising you on the ins and outs of the law you will always know where you stand and this will help solve problems. Help is also available for specific issues with individual employees and work policies.
Advice on EU Consumer Law
If you target consumers, our experts will be available to assist you to make sure you are following the correct selling procedures, have the right information on your website, in contracts and in your terms and conditions. Our experts will also assist with problems you might encounter with clients.
Being in business is sometimes lonely and you feel powerless against some challenges and difficulties. With support you are not alone. We are just a phonecall or an email away and we will be right there with you to assist you with your needs.
The Malta Chamber of SMEs , in collaboration with Weave Consulting – the ESG Specialists, is offering its members free advisory services to help them understand and implement ESG in a simple and affordable manner. To book your free session , email us on or call 21232881
Laws are constantly changing and sometimes this is not always for the best. You will be able to raise your concerns and get assistance to change something that is affecting your business negatively. Anything coming from the government’s side that is affecting your business negatively can be fixed through this asssitance.
The funding opportunities and the schemes are many. We will make sure you do not miss out on any of these opportunities and will help you look for financing for your business project needs.
Regular sessions will be made available to you free of charge. The topics of these sessions are always based on the interest of businesses, help businesses understand and make the most of opportunities, learn how to improve and to turn challenges to opportunities.
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).