Acquisition of Immovable Property (AIP Permit Malta)
When deciding to purchase a property here in Malta it is very important to realise that there may be conditions applied to the purchase transaction that are determined by;
- Who you are.
- The intended use of the property.
These factors will determine if you are entitled to purchase immovable property here in Malta without any restriction, or if you need an Acquisition of Immovable Property otherwise known as the AIP Permit Malta
What type of purchaser are you?
I am a citizen of a European Member State residing in Malta or Gozo for 5 continuous years
You have no need to obtain a Acquisition of Immovable Property Permit, and have no restrictions on property purchased, under Chapter 246 of the Laws of Malta. (includes Maltese Citizens)
I am a citizen of a European Member State. I have not resided in Malta or Gozo for 5 continuous years
If you have NOT resided on the Islands of Malta and Gozo for a continuous 5 years, but as long as you are a citizen of any European Member State, and the property you wish to purchase is your PRIMARY residence, then again under Chapter 246 of the Laws of Malta, you will not be required to obtain a permit. (includes Maltese citizens).
If the property you wish to purchase is a 2nd property (not primary), you are a citizen of any European Member State, but have NOT resided on the islands for a continuous 5 year period; then you SHALL be required to obtain a permit. This does NOT apply in a SPECIAL DESIGNATED AREA.
I am not a citizen of a European Member State
If you are NOT a citizen of any European Member State, then you will be unable to purchase any immovable property, UNLESS you are granted a permit under the terms of Chapter 246 of the Laws of Malta.
There are conditions attached, and we highly recommend you discuss with your Lawyer or Notary; for example the property must have a minimum price €103,906 for maisonettes or flats, and €173,129 for any other property type. You cannot rent this property out, and if you ever sell the property then the purchaser must be Maltese.
The above does NOT apply in a SPECIAL DESIGNATED AREA.
This is not a comprehensive guide, please access the Inland Revenue Website for full clarification.
Home Sale Malta recommend you discuss this with your Lawyer or Notary. European Member States includes Maltese Citizens. The current fee for an Acquisition of Immovable Property Permit is €233