Tuesday, October 3, 2023
HomeFocusFundsITPIS: support for internationalisation from Malta

ITPIS: support for internationalisation from Malta

International markets present countless opportunities for forward-thinking companies looking to grow their business. In the current economic climate, looking beyond the borders of the domestic market exponentially increases the opportunities to reach more customers, increase sales, revenues and prospects of a manufacturing or commercial activity. Especially in a small context like the Maltese one, internationalising one’s business is essential and strategic, also thanks to the support that local institutions provide to businesses and the excellent bilateral relations that the country is developing with many strategic areas of the world (Europe, Africa, Middle East, Arab countries, Russia, China, Japan, United States, Canada and South America). Companies that are able to look to international markets also tend to be more innovative in their product and service offerings and in their internal processes, boasting a higher level of competitiveness compared to their competitors.


The International Trade Promotion Incentive Scheme (ITPIS) aims to support Maltese companies that want to internationalise their business, or that are already exporting and want to promote a product or service in a new market.


This incentive scheme is administered by the government body TradeMalta Limited.

Regulatory reference

The Enterprise Incentives Regulations SL 463.04 (Malta Enterprise Act, Chapter 463 of the Laws of Malta) provide the legal basis for this incentive scheme.



The scheme is currently valid for a period of three years ending on 31 December 2023. These Incentive Guidelines may be amended and updated regularly.

Submission procedure

The application for incentives is made through a detailed online form. Once the application is approved, companies can submit one or more applications using another specific form.


This incentive is open to companies whose aim is to intensify their internationalisation activities with a view to increasing their exports. The beneficiary must be a company registered in one of the following categories.

Type and amount of contribution

The total contribution that can be granted to an individual enterprise is limited to EUR 30,000 per year. TradeMalta can reimburse small and medium-sized enterprises up to a maximum of 50% of eligible costs, and large enterprises up to a maximum of 40% of eligible costs.

Per diem costs are reimbursed up to 40% of the official government rate.

Support to a single enterprise may not exceed €200,000 over a period of three consecutive fiscal years.

Eligibility criteria

No support will be provided to defaulting enterprises in respect of value added tax (VAT), income tax and national insurance; public entities; commercial enterprises engaged exclusively in economic activity in direct competition with third parties and in which the government has a controlling interest are eligible; enterprises engaged in activities specifically excluded under applicable State aid regulations; enterprises involved in the production of and/or trade in arms, munitions, military equipment and hardware; and enterprises whose main activities fall within the following NACE code sections.

Eligible costs

The following categories of expenditure incurred by enterprises for internationalisation activities will be reimbursed by the government incentive.


This article provides general information only and does not replace professional advice in any way. It is recommended to consult a qualified professional before making any important decisions regarding financial, legal or other matters. The author and the publication are not responsible for any errors or damages caused by the use of the information contained in this article.

Giovanni Guarise
Giovanni Guarise
Professional journalist since 2010, over the years as a freelance he has dedicated particular attention to the world of Small and Medium Enterprises, creating in-depth studies and focuses for various newspapers, and collaborating in communication activities for a trade association in Veneto.


Comments are closed.

We are partners ofspot_img

Related articles

Malta Enterprise extends Skills Development Incentive Scheme

Malta Enterprise has expanded its Skills Development Scheme to support economic growth and employment by offering financial support to companies for training.

Eurostars Call for Proposals: Funding Opportunities for Innovative SMEs in an International Context

Apply for the call by 13 April 2023 and join the international network of innovative SMEs

LIFE FOSTER published the results of the project to prevent food waste

The Institute of Tourism and the Malta Business Bureau of Malta involved in the life foster project to reduce the percentage of food waste in the catering sector.

Funding focus
Discover the news in the dedicated section