Have you ever heard about the Micro Invest Scheme and wondered whether you, as a small business, self-employed individual, family-run enterprise, start-up, or local company, qualify for it? It’s no secret that the scheme was introduced to support businesses and encourage growth—whether through innovation, operations, human resources, product development, marketing, or beyond.
How Does Micro Invest Work & Who Can Apply?
The Micro Invest Scheme offers a tax credit of 45% on eligible business investments made in 2024. For businesses operating from Gozo, the benefit is even greater, with tax credits reaching 65%.
To qualify, businesses must:
- Employ 50 or fewer full-time staff members.
- Have an annual turnover or balance sheet total below €10 million.
- Be VAT registered, unless exempt.
Additionally, businesses that meet any of the following conditions qualify for an increased capping of €70,000 over a three-year period:
- Operating from Gozo.
- Registered as a Family Business.
- Having over 50% female ownership.
What Expenses Are Covered?
The scheme allows tax credits to be claimed on various business investments, including:
✅ Wage increases exceeding 3% compared to the highest wage cost in the last two years.
✅ Renovation, expansion, or modification of business premises by third-party contractors.
✅ Investment in equipment and technology to enhance business operations.
✅ Digital transformation, such as purchasing software, hardware, websites, and mobile applications.
✅ Sustainable energy investments, including energy-efficient improvements and alternative energy solutions.
✅ Commercial vehicles (new or first-time registered in Malta) that are electric, plug-in hybrid (PHEV), or meet Euro 5 emission standards.
✅ Obtaining or extending industry-related certifications.
Micro Invest Application Deadlines
📅 Self-employed: 26th March 2025
📅 Companies: 28th May 2025
📅 Late submissions accepted until: 26th November 2025
Let Us Guide You – Free Consultation Available
Navigating the application process can be challenging, but we’re here to help. Our team will guide you through every step, ensuring you meet all requirements and maximize your tax benefits.
📩 Get in touch with us today for a free consultation, and discover how your business can make the most of this opportunity!
