The purpose of the incentive is to assist and facilitate family businesses to transfer their business from one generation to the next by providing benefits including governance and fiscal benefits for the better management and organisation within the family and the business. This measure shall be available until 31st December 2023. Malta Enterprise shall accept and process applications from businesses that are transferred during the validity of the scheme update - version 1.1.
Interested applicants should download the application available below and contact the Family Business Office for guidance and initial endoresement.
|Duty on Documents and Transfers Act|
|Family Business Act|