We assist non-Maltese on whether an AIP permit is required, what tax rates apply and what schemes/incentives are open from time to time.
The conditions for buying immovable property in Malta vary depending on whether the individual concerned is a Maltese / EU citizen or a non-EU citizen. Other criteria include whether the property to be purchased is one’s primary residence or a secondary residence, the location and value of the property and the title by which one intends to acquire the property.
Therefore, one should seek professional advice to be in a position to understand whether a permit under Chapter 246 of the Laws of Malta is required or not.
When a permit is issued, the property purchased cannot be lower than certain minimum thresholds established by the competent Minister from time to time.
Certain properties which lie in specifically designed zones known as ‘special designated areas’ may be freely purchased by any person without the need for a permit.
Currently the Special Designated Areas are the following:
Likewise, there is no need for any permit to acquire a property through inheritance.
Our Service & Commitment at James Grech & Associates: Notaries Public: