The Business Advisory Scheme is designed to provide business undertakings operating in Malta with advisory services that suit their specific circumstances.
Business priorities change in relation to various factors that include the socio-economic environment and the age of the enterprise. While a start-up undertaking may prioritise funding and market entry, a more established undertaking will prioritise new market penetration, change management, innovation and corporate governance. Malta Enterprise established a team of business consultants that have the capabilities to address the needs of undertakings at different stages of development.
Business Advisory Services are provided with the aim to support undertakings identify strengths and overcome weaknesses in specific areas. A range of business advisory services are available and every effort is made to match the right advisor to the specific needs of the applicant.
Duration of the incentive
This scheme will remain ongoing until 31st December 2017.
This incentive is available to all enterprises.
The scheme aims to provide tailor made business advisory services to undertakings through advisors selected by Malta Enterprise. Business advisory services are available for:
- Business start-up support;
- Business planning and modelling;
- International competitiveness and export readiness;
- Market development;
- Human resources management;
- Intellectual property management and registration;
- Product and service development;
- Quality – Certification and improvement;
- Information management;
- Engineering and logistics;
- Business processes re-engineering;
- Supply chain management.
Advisory services will be provided in two stages.
Stage 1 will involve a preliminary investigation of particular areas which the undertaking may wish to address. This stage will be financed by Malta Enterprise and will be completed in less than 10 hours.
Stage 2 will consist of more focused consultancy, support and handholding. Malta Enterprise will charge an hourly rate of Eur40, however the fees will be discounted as follows:
Large enterprises – 30%
Medium sized enterprises – 40%
Small and micro enterprises – 50%
An undertaking may receive business advisory services on a number of different projects. However, the total value financed by Malta Enterprise under this scheme is limited to Eur2,500 p.a. When the limit is reached, the full hourly costs are charged.