SME Internationalisation Grant Scheme

This Grant Scheme seeks to support SMEs through the provision of Grants to part-finance costs to actively participate in International Business Promotion Fairs held outside Malta, aimed at the internationalisation of the undertaking by introducing their products/services to new markets and by strengthening their international market presence.  A sum of €2 million has been allocated […]

Written By Stephen Balzan

On November 16, 2016
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This Grant Scheme seeks to support SMEs through the provision of Grants to part-finance costs to actively participate in International Business Promotion Fairs held outside Malta, aimed at the internationalisation of the undertaking by introducing their products/services to new markets and by strengthening their international market presence.  A sum of €2 million has been allocated to this scheme.

The assistance consists of non-repayable grants up to a maximum value of €10,000. SMEs may receive assistance with aid intensity on eligible expenditure of 50%. 

Eligible Actions

Active participation in International Business Promotion Fairs held outside the territory of Malta where active participation means having a stand and exhibiting products/services at the fair.

The incentive supports SMEs actively participating in International Business Promotion Fairs, by covering part of the costs required to set-up and run a stand to exhibit their products/services, by covering a number of costs items including travel costs and per diem for up to 2 employees/directors of the Enterprise up to fixed thresholds.  

Eligible Costs

Costs incurred from external sources to the undertaking in respect of the following:

  1. Participation fee and costs related to the construction and setting-up of the stand;
  2. Rental of the exhibition space/stand;
  3. Travel costs for a maximum of two employees representing the enterprise and managing the stand/ exhibition space at the fair;
  4. Per Diem allowance costs for a maximum of two employees representing the enterprise and managing the stand/exhibition space at the fair, capped to a maximum of eight nights per participant;
  5. Design and printing of branding material required for the participation at the fair and within the stipulated maximum thresholds; and
  6. Costs incurred for shipment of exhibits.

This Scheme is demand driven and managed through an open rolling call. 

How can we help?  

For further information, please contact one of the firm’s tax partners, Stephen Balzan on [email protected] or Elaine Camilleri [email protected]. ACT can help you understand the changes to the tax rules and how these can impact your business.  

Apart from its offices in St. Julian’s Malta, ACT operates from a second office in Gozo, which is situated in the capital city of Victoria.  For an appointment in our Gozo office, please call on 00356 21378672 or send us an email on [email protected]. 

Disclaimer: This article contains general information only and is not intended to address the circumstances of any particular individual or entity. ACT, by means of this article is not rendering any accounting, business, financial, investment, legal, tax, or other professional advice or service. This article is not a substitute for such professional advice, nor should it be used as a basis for any decision or action that may affect your finances or your business. Although we endeavour to provide accurate and timely information, there can be no guarantee that such information is accurate as of the date it is received or that it will continue to be accurate in the future. Before making any decisions or before taking any action that may affect your finances or your business, you should consult a qualified professional adviser. ACT shall not be responsible for any loss whatsoever sustained by any person who relies on this article.