MicroInvest is a government-backed tax credit scheme designed to support small businesses, start-ups, family-run enterprises, and self-employed individuals in Malta. Administered by Malta Enterprise, the scheme encourages investment in innovation, expansion, and business development by offering tax incentives on eligible expenditures.
Who Can Benefit from MicroInvest?
To qualify for MicroInvest, businesses must meet the following criteria:
- Employ no more than 50 full-time employees.
- Have an annual turnover or balance sheet total not exceeding €10 million in the previous fiscal year.
- Employ at least one person (full-time or part-time) at the time of application.
- Be registered with the VAT department (unless exempted).
MicroInvest Tax Credit Rates
The scheme provides businesses with tax credits calculated as a percentage of their qualifying investments:
- Standard Rate: 45% of eligible expenditure.
- Enhanced Rate: 65% for businesses operating in Gozo, family-run businesses, or those with more than 50% female ownership.
The maximum tax credit is capped at €50,000 over three consecutive fiscal years. However, businesses qualifying for the higher rate can receive up to €70,000.
Eligible Expenditures Under MicroInvest
Businesses can claim tax credits for a variety of investments, including:
- Wage costs exceeding a 3% increase over previous years.
- Upgrading or refurbishing business premises.
- Purchasing new or first-time-used machinery, technology, and equipment.
- Energy-efficient and alternative energy systems.
- Digitalization efforts, including hardware, software, website development, and digital applications.
- First-time-registered commercial vehicles (meeting at least Euro 5 emission standards).
- Certifications such as CE markings and ISO standards.
How to Apply for MicroInvest
Applications are submitted retrospectively, covering eligible costs incurred in the previous year. The key deadlines for 2025 applications are:
- Self-Employed Individuals: 26th March 2025
- Companies: 28th May 2025
Late applications are accepted until 26th November 2025, but tax credits will be applied in the following assessment year.
Maximize Your Business Growth with MicroInvest
MicroInvest provides an excellent opportunity for small enterprises to offset costs and reinvest in their businesses. By leveraging this tax credit scheme, businesses can enhance their operations, improve competitiveness, and drive sustainable growth.
For more information or assistance with the application process, businesses can contact Business First at 144 or email info@businessfirst.com.mt.
Take advantage of MicroInvest today and invest in the future of your business!
Equitas Advisory boasts extensive experience supporting small businesses and entrepreneurs across multiple industries, ensuring that each client receives personalized attention and expertise. We understand that every business has unique needs, which is why our fees are specifically tailored to fit the individual circumstances of our clients. Whether you’re a small business or a large corporation, Equitas Advisory delivers reliable and cost-effective solutions designed to support your entrepreneurial journey and your financial success. We are just 1 message away.
The sole practitioner at Equitas Advisory is a member of the Malta Institute of Accountants and the Association of Chartered Certified Accountants and is authorised to practice the profession of Accountancy in Malta in line with the Accountancy Profession Act. Cap.281. by the Malta Accountancy Board – Warrant number 121176.
