New incentives for business

The Industrial Development Act was superseded by the new Business Promotion Act (BPA). This new law introduces new incentive schemes to support Malta's economic development taking into account the country's specific handicaps, such as its island status...

The Industrial Development Act was superseded by the new Business Promotion Act (BPA). This new law introduces new incentive schemes to support Malta's economic development taking into account the country's specific handicaps, such as its island status and its geographic location, away from mainland Europe. The law also extends incentives to enterprises engaged in business that was not previously eligible for assistance. However, it removes incentives, in particular export-related incentives, that are blacklisted under EU and WTO rules.

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