International edition
June 22, 2021

The government to create a gaming industry agency

Malta announces fiscal incentive for digital gaming

(Malta).- The government of Malta officially launched its new tax incentive scheme aimed at boosting the digital gaming industry in the country. According to a statement from the government, the scheme gives 100% tax credit of the total sub-contracted costs incurred during the development of an eligible digital game, up to a maximum of 15,000 euros.

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spokesperson said the scheme is the 'latest addition to the already wide array of incentives' launched over the past months with the aim to support the growth in the industry.

Following a visit to the offices of NeoGames– an Israeli gaming company based in Sliema – Prime Minister Lawrence Gonzi said that the size of the sector had more than doubled in the past five years and was now offering thousands of hi-tech jobs to both Maltese and foreigners.

He said that to continue building on the success of the industry, the Government would establish an agency dedicated to the sector, on the same lines as Finance Malta, which promotes the financial sector.

Gonzi said it would be set up together with the private sector and would also work with the education sector to have high-level specialised courses that would attract students from abroad. “We will regulate the new market of ‘games of skill and prize’ and be among the first on a global level in this area. We shall also increase incentives to attract more companies in mobile gaming,” the Prime Minister said.

He said that hundreds of companies in the online gaming business had set up in Malta in the recent years, the sector now employing about 7,000 people, up from 3,000 in 2008.

NeoGames’s CEO, Ilan Rosen, said that the company started in Malta five years ago with only two employees and was now working in state-of-the-art offices and employing 90 workers. He said that Malta offered very attractive conditions including favourable taxation benefits and a flexible workforce with a good language knowledge base.

The company, which operates in another three countries (Denmark, Belgium and Italy) planned to continue to expand and making Malta its main base of operations.

Dr Gonzi said that the Government intends to further boost the creative industry to attract more investment from companies specialising in developing digital games. He said that a fund would be set up to provide start-up grants and capital of between 25,000 and 50,000 euros for start-ups in the digital gaming industry.

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