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.
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?
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".