Through Legal Notice 187, new Rent Subsidy Regulations were published, which Regulations came into effect as from 1 February 2020. The Regulations provide for subsidy assistance to eligible undertakings requiring support to rent industrial space for developing a business activity. The aid shall not exceed €25,000 per annum and shall cover up to 50% of the cost  of the rental. The scheme is administered by Malta Enterprise. The Regulations make reference to terms and conditions set out in Guidelines, yet to be published by Malta Enterprise. The deadline for submission of applications for assistance is 31 December 2022.

Should you have any queries or wish to discuss further, please send an email to covid@kpmg.com.mt.

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