All citizens from a non-EU country need a permit to buy immovable property.
Citizens from an EU country who have not resided in Malta for at least five years must obtain the Acquisition of Immovable Property (AIP) permit from the Inland Revenue Department to buy a holiday home (secondary residence). This permit is granted within 6 to 7 weeks.
A) If an EU citizen declares on the contract of purchase that they intend to purchase the immovable property as a primary residence, i.e., permanent resident.
B) If any foreign national (including non-EU) purchases immovable property in a Special Designated Area (SDA).
C) If an EU citizen has been a resident of Malta for more than five years.
EU citizens may only buy one property, unless:
(1) They have been residents for at least five years;
(2) They buy in a Special Designated Area (SDA); or
(3) The second property is required for business activities or services supply.
EU citizens who have already lived in Malta for a continuous period of 5 years may immediately purchase another property without the necessity of a permit.
No, except in Special Designated Areas (SDA).
Yes. There are no restrictions on Special Designated Areas (SDA).
Yes, that is if:
1. The property is in a Special Designated Area (SDA).
2. 75% of the share capital is held by persons who are EU citizens and who have resided in Malta continuously for five years.
3. The company operates in an EU state, and all directors must have five years residence qualifier.
In other cases, a permit will only be granted if the property is required for an industrial or tourist project or contributes to the development of the economy of Malta.
Foreigners may rent the property as long as:
A) It is in a Special Designated Area (SDA).
B) It is issued with a license from the Ministry of Tourism Authority under the “Superior” and “Comfort” categories.