In addition to the Electricity Refund Scheme, Malta Enterprise has on the 2nd of September 2020 launched the Rent Refund Scheme, whereby undertakings that operate from a business premises will be supported with a refund on their rent expense. This scheme is available to those undertakings that have received or are receiving support under the Wage Supplement Scheme, regardless of their size.
The support consists of a direct cash grant of the rent paid by the undertaking. The grant is limited to Eur7,500 of annual rent for each undertaking on up to 5 licensed business premises as detailed hereunder:
|Employees Receiving Wage Supplement||Eligible Rental Agreements||Maximum Support under the Scheme|
|40 and over||5||€ 7,500|
The scheme is only available in respect of rental agreements that have entered into force prior to 9th March 2020. In addition, the immovable property must be rented from private sector third parties specifically to carry out the economic activity of the eligible undertaking.