{"id":2319,"date":"2017-01-16T21:59:02","date_gmt":"2017-01-16T20:59:02","guid":{"rendered":"https:\/\/www.act.com.mt\/?p=2319"},"modified":"2020-03-07T22:06:52","modified_gmt":"2020-03-07T21:06:52","slug":"family-business-support-services","status":"publish","type":"post","link":"https:\/\/www.act.com.mt\/articles-publications\/family-business-support-services\/","title":{"rendered":"Family Business Support Services"},"content":{"rendered":"\n
This measure is intended to support the development of Family Businesses in building internal capacities and supporting them in the transfer of their business activity. The support provides advisory during business transition and access to specific training deemed beneficial in facilitating the growth of Family Businesses<\/p>\n\n\n\n
Duration of the incentive<\/em><\/strong><\/p>\n\n\n\n This scheme will remain ongoing until 31st<\/sup> December 2020.<\/p>\n\n\n\n Budget <\/em><\/strong><\/p>\n\n\n\n This measure has an annual budget of EUR 250,000 and an overall budget of EUR 1,000,000.<\/p>\n\n\n\n Eligibility <\/em><\/strong><\/p>\n\n\n\n This incentive is available to all undertakings registered as a Family Business and which are not excluded by State Aid Regulations, are up to date with their VAT, Income Tax, and Social Security Payments and have no pending recovery request of any aid granted from Malta Enterprise.\u00a0 A Family Business is an undertaking as defined in Article 3 of the\u00a0Family Business Act<\/a>\u00a0that is duly registered as a Family Business and holds an updated certificate issued by the Regulator for Family Businesses.<\/p>\n\n\n\n Maximum support and de minimis aid <\/em><\/strong><\/p>\n\n\n\n The maximum support per undertaking may not exceed Euro 4,500 in any single year. The total value of de minimis aid granted to a single undertaking may not exceed the amount of \u20ac200,000 over any period of three consecutive fiscal years.<\/p>\n\n\n\n The incentive<\/em><\/strong><\/p>\n\n\n\n