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(AIP) Acquisition of Immovable Property - FAQ

by www.ird.gov.mt

What procedures apply in purchasing an immovable property n Malta. What applicants needs? What documents need to be submitted? What fees should I pay? How long does it take for an application to be processed?

 

Acquisition of Immovable Property - FAQ

 

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.

 

Download application form for individuals.
Download application form for companies / bodies of persons.

 

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.

 

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:

o    two passport sized photos;

o    copy of promise of sale; (convenium)

o    photocopy of passport showing details

 

4. What are the fees for an AIP Permit?

 

The fee payable on the issue of a permit is € 233.

 

5. What is the minimum immovable property price for a non-resident to purchase immovable property?

 

The minimum price is: € 99,895 for the purchase of a flat or maisonette; € 166,446 for the purchase of any other immovable property.

 

6. Are there any conditions imposed on the permit?

 

The main conditions imposed on the permit are the following:

o    immovable property is to be used for residential purposes

o    a copy of the notarial deed is to be submitted to the AIP section after its publication

o    that the immovable property may not be sold in part, or otherwise into more than one dwelling house.

 

 

7. Can I rent my immovable property to third parties?

 

Property acquired by AIP permit cannot be rented out.

 

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 Designated Special Areas.

 

9. Who are the persons who need to apply?

 

See Conditions for Buying Immovable Property.

 

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 Conditions for Buying Immovable Property) falls within the definition of a "resident of Malta".

 

Source: www.ird.gov.mt

Home Guide Articles

(AIP) Acquisition of Immovable Property - FAQ

by www.ird.gov.mt

What procedures apply in purchasing an immovable property n Malta. What applicants needs? What documents need to be submitted? What fees should I pay? How long does it take for an application to be processed?

 

Acquisition of Immovable Property - FAQ

 

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.

 

Download application form for individuals.
Download application form for companies / bodies of persons.

 

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.

 

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:

o    two passport sized photos;

o    copy of promise of sale; (convenium)

o    photocopy of passport showing details

 

4. What are the fees for an AIP Permit?

 

The fee payable on the issue of a permit is € 233.

 

5. What is the minimum immovable property price for a non-resident to purchase immovable property?

 

The minimum price is: € 99,895 for the purchase of a flat or maisonette; € 166,446 for the purchase of any other immovable property.

 

6. Are there any conditions imposed on the permit?

 

The main conditions imposed on the permit are the following:

o    immovable property is to be used for residential purposes

o    a copy of the notarial deed is to be submitted to the AIP section after its publication

o    that the immovable property may not be sold in part, or otherwise into more than one dwelling house.

 

 

7. Can I rent my immovable property to third parties?

 

Property acquired by AIP permit cannot be rented out.

 

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 Designated Special Areas.

 

9. Who are the persons who need to apply?

 

See Conditions for Buying Immovable Property.

 

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 Conditions for Buying Immovable Property) falls within the definition of a "resident of Malta".

 

Source: www.ird.gov.mt

Home Guide Articles

(AIP) Acquisition of Immovable Property - FAQ

by www.ird.gov.mt

What procedures apply in purchasing an immovable property n Malta. What applicants needs? What documents need to be submitted? What fees should I pay? How long does it take for an application to be processed?

 

Acquisition of Immovable Property - FAQ

 

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.

 

Download application form for individuals.
Download application form for companies / bodies of persons.

 

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.

 

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:

o    two passport sized photos;

o    copy of promise of sale; (convenium)

o    photocopy of passport showing details

 

4. What are the fees for an AIP Permit?

 

The fee payable on the issue of a permit is € 233.

 

5. What is the minimum immovable property price for a non-resident to purchase immovable property?

 

The minimum price is: € 99,895 for the purchase of a flat or maisonette; € 166,446 for the purchase of any other immovable property.

 

6. Are there any conditions imposed on the permit?

 

The main conditions imposed on the permit are the following:

o    immovable property is to be used for residential purposes

o    a copy of the notarial deed is to be submitted to the AIP section after its publication

o    that the immovable property may not be sold in part, or otherwise into more than one dwelling house.

 

 

7. Can I rent my immovable property to third parties?

 

Property acquired by AIP permit cannot be rented out.

 

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 Designated Special Areas.

 

9. Who are the persons who need to apply?

 

See Conditions for Buying Immovable Property.

 

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 Conditions for Buying Immovable Property) falls within the definition of a "resident of Malta".

 

Source: www.ird.gov.mt