plan for the regeneration of the economy rent … · rent refund scheme 1 reducing costs for...
TRANSCRIPT
PLAN FOR THE REGENERATIONOF THE ECONOMY
RENT REFUND SCHEMEFOR SELF-EMPLYED AND BUSINESSES
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RENT REFUND SCHEME
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Reducing costs for self-employed and businesses
Supporting the operating expenditure of businesses that had to cease or limit their operations due to the COVID-19 pandemic
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A budget of €45M is being allocated
Planned to support over 16,000 Self-Employed and Businesses
RENT REFUND SCHEME
Jewellery
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ELIGIBILITY CRITERIA
• Aimed at ALL those businesses benefitting from the Covid Wage Supplement
• For Tenants not the landlords.
• For Rental agreements covering Year 2020.
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• For Rental Agreements entered into force before the 9th March 2020
• For Commercial Rents only (Domestic or residential use agreements are not eligible)
• Property must be rented from private sector third parties specifically for the carrying out of economic activities
(Rent agreements with MIP are not eligible)
ELIGIBILITY CRITERIA
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Self Employed and Businesses with one outlet may claim up to €2,500
Businesses with five outlets can claim rental costs of up to €7,500 of annual rent
REFUND SCHEME
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Employees receivingwage supplement Eligible rental agreements Maximum support
1-9 1 €2,50010-19 2 €4,00020-29 3 €5,50030-39 4 €7,000
40 and over 5 €7,500
REFUND SCHEME
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STARTING THE APPLICATION PROCESS
Malta Enterprise shall send an initial email to all those who have benefitted for the Wage Supplement.
Email will be sent out on Wednesday 9th September
Click on the link in the email for the online application
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Four steps straightforward application process:
APPLICATION PROCESS
1 Copy of Rental Agreement
rent contract
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Proof of last payment (should cover full or part of 2020)2
APPLICATION PROCESSreceipt
€
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Enterprise in Difficulty Declaration Form – signed and scanned
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APPLICATION PROCESS
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Aid Received Form –signed and scanned
You may wish to consult your accountant.
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APPLICATION PROCESS
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• Malta Enterprise shall proceed to affecting refund directly to businesses
• Rent scheme applications need to be processed manually
• Closing date to be announced by the Corporation
RENT REFUND PAYMENTS
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FURTHER ASSISTANCE
144 during office hours or
regeneration.maltaenterprise.com www.maltaenterprise.com