You are to note that the government has issued instructions that loans / credit (capital) and interest payable is suspended for 6 months. This moratorium applied on credit facilities provided by credit and financial institutions is to support persons who have been materially effected by the COVID-19 outbreak. The moritorum applies to: Non-financial corporations Micro,…
Eligibility criteria – Persons employed in the Maltese private sector on a full-time or part-time basis, who after the 27th March 2020, due to the impact of Covid-19 are neither allowed to commute to work nor work remotely as instructed by the Superintendent of Public Health of Malta to stay safe at home, are not…
Eligibility criteria – Persons with disability **, employed in the private sector, full-time or part-time, who, as of 8th March 2020, due to the impact of COVID-19, cannot go to work on medical advice and are not able to work from home. Registered with Jobsplus as a person with disability ** ** You have a…
Eligibility criteria – Parents employed in the private sector, with children under 16 years of age, who, as of 8th March 2020, due to the impact of COVID-19, are not able to work from home, cannot go to work to take care of their children. (Does not include employees, working with private companies, and…
Has the COVID-19 situation since 8th March 2020 resulted in you losing your job (full time or part time) with your private sector employer? If so you are eligible to apply for the Additional Unemployment Benefit. To qualify for the Additional Unemployment Benefit you are to register for work with Jobs+. To register for work…
Whether you are self-employed or a company the Government is providing financial support – the level of which depends according to the sector you operate in. This is explained in the Table below. Critically Hit Business Sectors These are: Certain wholesale activities Certain retail activities Accommodation Food and beverage service activities Rental and leasing of…
The Government has introduced a scheme that allows you to postpone payment of the taxes presented below – and thereby providing you with liquidity to manage you cash flow in this difficult time. THE SCHEME CLOSES THIS WEDNESDAY – 15TH APRIL 2020. MAKE SURE THAT YOU APPLY IF YOU BELIEVE YOU SHOULD BENEFIT FROM IT. …
The most important measure that you need to take at this point in time is that of seeing how much cash you actually have on hand right now – and the essential payments you need to make. Be clinical and set up a strategy. We present 4 tips that you should take into account in…
The Banks have issued a number of measures to ease the financial stress that families or businesses face because of the Covid-19 virus. The ĠEMMA team suggests that you speak to your bank or access its website to see what these measures are and how these may benefit you. We further recommend that you look…
In situations like this, loan sharks will target you. They may appear friendly and if you keep up your repayments, they might stay that way. But the reality is, even if you do, any money you borrow will come at a very high price. There are many risks attached to borrowing from a loan shark:…
