Author: Keith Grima, Trainee Associate

Malta Enterprise shall, further to a recent amendment to the Family Business Support Services Regulations, be granting family businesses – local family businesses registered as such with the regulator in terms of the Family Business Act – assistance in the form of a cash grant not exceeding the amount of €15,000 per family business in any three-year period, to assist said businesses to access advisory services on succession planning and mediation services.

This amendment represents a significant increase from the previous grant capped at €4,500. Applications for assistance under these Regulations are to be submitted to the Corporation by 30th November 2023.

Please contact Rosanne Bonnici, Head of our Tax and Immigration Department should you require any assistance in this regard.