Business Development and Continuity Scheme

Business Development and Continuity Scheme
Application Form

For Office Use Only:

Reference Number

Date and Stamp received by the

Corporation

Notes to Applicants

This application form is to be compiled by undertakings requesting support through Business Development and Continuity Scheme.

The application has to be compiled in adherence of the Incentive Guidelines which can be downloaded from the Corporation’s website.

This application Form and any attached documents will be treated as confidential in terms of Articles 21(4), 21(5) and 21(6) of Malta Enterprise Act, Chapter 463 of the Laws of Malta.

All entries in this application must be clearly explained and substantiated.

Only electronically filled in application forms will be accepted. Should the application be hand written, or should the format of the application form be altered, the application form will not be evaluated.

Applications received from undertakings established in Malta, that have outstanding liabilities in respect of Income Tax, Value Added Tax, Final Settlement System (FSS) and Social Security Contributions (SSC) will not be processed. Applications from such undertakings must include confirmations issued by the VAT department and the Inland Revenue Department confirming their status as specified in the annexes section of this application form.

Any missing information could lead to a rejection of the application.

A complete application must be submitted to Malta Enterprise either by hand in a sealed envelope or by registered post. The application must be addressed to:

Malta Enterprise

Business Development and Continuity

Gwardamangia Hill,

Pieta`, MEC 0001

Malta.

1. Applicant Details

1.1 Name of Applicant:

1.2 Address of Applicant:

1.3 Telephone Number:

1.4 VAT Number*

1.5 Legal Form of Undertaking Choose an item.

1.6 Company/Identification Number

1.7 Undertaking Size Choose an item.

1.8 Date Established

1.9 Business Activity

* The Vat Number can be provided once the Legal Entity has set up its operation.

2. Single Undertaking Details

Does the applicant undertaking have at least one (1) of the following relationships with another undertaking?

a.  one undertaking has a majority of the shareholders’ or members’ voting rights in another undertaking.

Choose an item.

b.  one undertaking has the right to appoint or remove a majority of the members of the administrative, management or supervisory body of another undertaking.

Choose an item.

c.  one undertaking has the right to exercise a dominant influence over another undertaking pursuant to a contract entered into with that undertaking or to a provision in its memorandum or articles of association.

Choose an item.

d.  one undertaking, which is a shareholder in or member of another undertaking, controls alone, pursuant to an agreement with other shareholders in or members of that undertaking, a majority of shareholders’ or members’ voting rights in that undertaking.

Choose an item.

e. Owns more than 50% shareholding in another undertaking.

Choose an item.

If you replied 'yes' to one or more of the above, complete the table below with details of all undertakings falling under the definitions of single undertaking.

Name of Undertaking

3. Project Details

3.1 Select type of project and provide a synopsis:

Business Development

Business Continuity

3.2 Type of Assistance Requested

Choose an item.

3.3 Explain in brief why assistance is requested

Direct Grant Equivalent or less than the paid up share capital invested

Amount of paid up share capital at application stage:

€

Amount of paid up share capital to be invested as per Section 4.4 (i) of the Incentive Guidelines:

€

Reimbursement of:

Relocation Costs of Key Personnel

Temporary Secondment of Personnel

Relocation Costs of Assets

Operating expenditure covering the twelve (12) months

Services directly related to the business operations

Wage Costs

3.4 Total Amount of Aid Requested

€

3.5 Give a detailed description of the project and elaborate on the type of assistance required as per Section 5.1 of the Incentive Guidelines.

3.5.1 Feasibility: Is the project feasible and is it reasonable likely to remain feasible in the foreseeable future?

3.5.2 Track Record: The investor’s reputation (Is the undertaking listed on international stock exchanges? Does the undertaking have a leading position in the same line of business/ industry? Has the investor successfully executive cross-border investments)?

3.5.3 Technology: Will the technology used and the associated technological know-how expand local capabilities, potentially providing access to technology to other local undertakings through technology transfer?

3.5.4 Employment: Will the project generate employment in areas where the required human capital is available and will it offer job opportunities to qualified or highly skilled personnel?

3.5.5 Impact: Will the investment generate a positive impact on the productivity of other domestic companies through networking and clustering opportunities?

3.5.6 Sustainability: Will the investment assist the undertaking in the sustainability of the business?

4. Check List

Kindly use the following checklist of required documents to ensure that you enclose all the necessary documents. Kindly tick all the documents that you will be submitting together with this Application Form.

Application Form filled in and duly signed


Annex 1 – De Minimis Declaration Form

Annex 2 – Financial Projections (unless this documentation has been submitted to the Corporation in the past twelve (12) months).

Annex 3 - Compliance certificate issued by the VAT Department confirming that the applicant is not defaulting on VAT payment issued within the past six (6) months.

Annex 4 - Compliance Certificate issued by the Inland Revenue Department confirming that the applicant is not defaulting Income Tax and Social Security Payment issued within the past six (6) months.

A due diligence process will be carried out by the Corporation.

5. Declarations

5.1 Personal Data Protection

Personal information provided in this form will be processed in accordance with the Data Protection Act, Cap 440 of the Laws of Malta and shall be treated in the strictest confidence.


Information provided in this form will be processed by Malta Enterprise to assess the applicant’s eligibility, for the approval or otherwise of assistance under this scheme, for monitoring implementation of aid granted.

The undersigned consents Malta Enterprise to share information provided in this application with Government Entities or the European Commission where this is strictly necessary for the proper administration of this incentive or where legally required.

The undersigned hereby authorises Malta Enterprise Corporation to process the data contained in this form for the purpose stated above and declare that the information on this form and any other supporting documents given with this application is correct to the best of the undersigned’s knowledge.

5.2 Cumulation of Aid

The undersigned declares that aid approved under this incentive is in line with the terms and conditions set out in the Incentive Guidelines and in line with Cumulation Article 8 of the Commission Regulation (EU) No 651/2014 of 17 June 2014 declaring certain categories of aid compatible with the internal market in application of Articles 107 and 108 of the Treaty.

5.3 Double Funding

The undersigned confirms that there has not been any approval or has been granted any public funding, financing or fiscal benefit in respect to the cost items included in this request for aid and will not seek funding or fiscal benefits for these cost items through other National and/or European Union measures. Such measures may include:

·  Schemes administered by Malta Enterprise, the Planning and Priorities’ Coordination Division (PPCD), the Measure and Support Division, the Tourism and Sustainable Development Unit (TSDU), the Employment & Training Corporation (ETC), the Malta Council for Science & Technology (MCST), the Regulator for Energy and Water Services (REWS) and government funded schemes operated by other entities (such as JAMIE financial instrument).

·  Schemes funded through ERDF, ESF, Cohesion Fund, TEN-T Budget, EAFRD, EFF, LIFE+; Horizon 2020 and other European Union programmes/instruments.

5.4 Outstanding Recovery Order

The undersigned confirms that the applicant is not subject to an outstanding recovery order following a previous Commission decision declaring an aid illegal and incompatible with the internal market should be excluded from the scope of this Regulation.

6. Signatures

Name of Applicant (full legal name)
Name and Surname of signatory authorized to represent the Applicant
Designation
Signature & Company Stamp
Date / Click here to enter a date.

Application Form

Version 2.1