| 1 |
What is the procedure to purchase immovable property in Malta?
When the prospective buyer identifies the immovable property to be purchased, he/she enters into a written agreement (convenium) a copy of which must be attached to the AIP application form obtainable from the Capital Transfer Duty Department of the Inland Revenue Division or downloaded from the website.
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| 2 |
How long does it take for an application to be processed?
In accordance with a Quality Service Charter, the AIP Section is committed to issue the requested permit within 35 days subject to application submitted being correct.
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| 3 |
What do I need to submit with an application to acquire immovable property in Malta?
You need to attach the following documents with the relative application form duly filled in:
- two passport sized photos;
- copy of promise of sale; (convenium)
- photocopy of passport showing details
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| 4 |
What are the fees for an AIP Permit?
The fee payable on the issue of a permit is €232.94.
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| 5 |
What is the minimum immovable property price for a non-resident to purchase immovable property?
The minimum price is: €92,546.01 for the purchase of a flat or maisonette; €154,199.86 for the purchase of any other immovable property.
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| 6 |
Are there any conditions imposed on the permit?
The main conditions imposed on the permit are the following:
- immovable property is to be used for residential purposes
- a copy of the notarial deed is to be submitted to the AIP section after its publication.
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| 7 |
Can I rent my immovable property to third parties?
The purchased immovable property cannot be rented to third parties except for villas with pools and first class quality flats.
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| 8 |
Can I acquire more than one immovable property in Malta?
As a non-resident, you are allowed to purchase only one immovable property in Malta unless it is situated in a Special Designated Area e.g. Portomaso Development Complex, Tigne' Development, Cottonera Waterfront and Fort Chambray.
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| 9 |
Who are the persons who need to apply?
See Table Under Conditions for Buying Immovable Property.
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| 10 |
I am married to a Maltese; do I need a permit to acquire immovable property in Malta?
The spouse of a citizen of Malta or another E.U. Member State, where such spouses acquire together immovable property in Malta, (See Table Under Conditions for Buying Immovable Property) falls within the definition of a "resident of Malta".
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