ITPIS: the support for Trade and Business Missions

mission

The International Trade Promotion Incentive Scheme (ITPIS) aims to support Maltese companies that want to internationalize their business, or that are already exporting and want to promote a product or service in a new market. Eligible undertakings may be supported to participate in real-life or virtual trade missions organised or endorsed by TradeMalta. Trade missions provide a structured approach to nurture collaboration and business development, providing business operators with the opportunity to develop their internationalisation potential and help entrepreneurs gain knowledge on how to operate in specific markets.

Eligible Events

Trade and Business Missions organised by TradeMalta as announced in relevant Expression of Interests issued by TradeMalta.

Eligible Undertakings

This incentive is open to undertakings whose purpose is to intensify their internationalisation activities with the aim of increasing their export activity. The different actions that can be supported are defined in the separate in Section 6 of these guidelines.

The beneficiary must be an undertaking registered as one of the following:
a. An undertaking incorporated under the Companies Act Chapter 386 of the Laws of Malta being
a partnership en nom collectif, en commandite or a limited liability company
b. Self-employed persons registered with Jobsplus
c. Co-operatives with the Co-operatives Board
d. The following table lists the indicative eligible economic sectors and activities and their respective NACE code:

Eligible Costs

Travel costs and Per Diem covering one representative (employee or director) in an undertaking participating in the event in the case of a live event only. The maximum number of days covered by the Per Diem shall be limited to the number of full calendar days covered by the trade mission.

Travel and Per Diem will be calculated as follows:

a. The support in relation to trave costs (air / ferry / trains) and per diem, shall be only eligible when the travel (to attend the meeting / meetings, event or events) starts and end in Malta.

b. Reimbursement of travel costs will be capped at Euro 250 (per round trip) for direct flights starting from Malta to European and Mediterranean countries and at Euro 500 (per round trip) for indirect flights from Malta to any destination.

c. Per Diem rates shall be established on the TradeMalta website. Per Diem costs shall be reimbursed at up to 50% of the official government rate as published periodically by the government of Malta.

d. Cross border travel may be supported when an undertaking participates in more than one meeting or event in a single journey which started and ended from Malta.

The official event information published by TradeMalta may indicate a specific capping of fixed reimbursement for the event.

To find out more details and submit your application request a specific consultation from the Malta Business Agency team by filling in the following form.

Contact us for info

 

SIGN UP TO OUR NEWSLETTER!

Relevant news

Menu