Malta Enterprise (ME) has recently launched a new scheme, the scope of which is to assist undertakings that employ for a period of at least twelve (12) months a person holding or reading for a doctoral degree in science, information technology or engineering. Beneficiaries shall be awarded a tax credit of €10,000 which shall be capped accordingly if the applicant exceeds the de minimis limited allocated to the single undertaking.
The support may be claimed once after a person holding a doctoral degree (MQF Level 8) or reading a doctoral degree in science, information technology or engineering has been employed for a minimum of twelve (12) months. Such employment must not have commenced prior to 1st January 2016.
The incentive shall remain available until 31 December 2020. ME has a budget of Eur500,000 for this incentive.
Eligible undertakings must apply after the person has been employed for twelve months but within twenty-four months from the commencement of employment of the person. Applicants will need to provide:
- An employment history of the person issued from Jobsplus;
- Confirmation that the person held a doctoral degree on the date of employment or was reading for a doctoral degree in science, information technology or engineering and completed the degree or was still in the process of completing the degree in the said twelve month period.