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More than 16,000 businesses currently receiving the wage supplement have received the application for the rent refund.
Through this measure, businesses will be receiving € 2,500 in aid. Businesses operating from more than one location and employing more workers can benefit up to € 7,500.
The aim of this incentive is to reduce the burdens on businesses and the self-employed that have been encountered in the first months of the COVID-19 pandemic.
Malta Enterprise’s initial email provides clients the link for an online application. The application is divided into four elements:
1. The presentation of a lease contract valid before 9 March 2020.
2. Copy of the last rental receipt (including part of 2020).
3. To provide information on any financial grants that the business has already received from different Government departments to date
4. ‘Undertaking in difficulty’ declaration form.
All those who have benefited from the COVID Wage supplement are also eligible for this scheme.
The process follows the same method of interaction that customers have already become accustomed to through the wage supplement. If the steps are done correctly, then the applicant will only have to wait for the confirmation emails (Approval) from Malta Enterprise. After accepting this email the applicant receives the money directly into his bank account.
Applications will be accepted until 9th October 2020
This measure is the latest in a series of measures being administered by Malta Enterprise specifically part of the Economic Regeneration package. Apart from this process, since March, Malta Enterprise has also been administering the Wage Supplement scheme, incentives in connection with Telework equipment, compensation to employers for quarantine leave, as well as the refund on the electricity bill.
More information can be obtained from the dedicated site: regeneration.maltaenterprise.com or by calling 144.
Source: Malta Enterprise
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).