Obtaining residency in Malta
The ordinary residence in Malta can be obtained by EU and non-EU citizens who purchase or rent a property in the country, without a minimum threshold. There are specific regulations that must be respected in order to gain residency in Malta. The Global Residence Programme refers to applicants who can purchase a property with a value of a maximum EUR 275,000. This program comes with a series of benefits, like gaining the permanent residence and being levied with a 15% tax rate on incomes registered outside and declared in the insular state. All the legal aspects of residency programmes available in Malta can be discussed with one of our lawyers in Malta, with experience in immigration.
Purchasing a property as a retire in Malta
Persons who want to retire to Malta
can benefit from excellent standards of living, a reasonable tax regime, and great prices for properties for sale or rent. The Malta Retirement Programme is available to EU, EEA, and Swiss nationals who purchase properties of at least EUR 275,000 or rent one for approximately EUR 9,000/year. Besides buying a property in Malta as a foreigner, there are other conditions that must be respected, like having medical insurance, a pension registered in Malta, and not staying outside Malta for more than 183 days. Buying a property in Malta
as a foreigner is not a complicated process, yet it is best to have legal support from a Maltese lawyer
FAQ about property purchase in Malta
1. How can I buy a property in Malta?
The real estate agencies in Malta are quite helpful to create an idea about properties and prices. A Maltese lawyer will help you with the formalities for purchasing a property in Malta.
2. What is a pre-sale contract for a property in Malta?
The pre-sale contract is needed for advanced payments of property in Malta. This is an important step in a real estate transaction.
3. Do I need real estate due diligence in Malta?
Yes, real estate due diligence in Malta
is recommended prior to the purchase of a property. Through this process, a property is entirely verified. Some errors or problems can be revealed by a real estate due diligence
report. Our Maltese lawyers
can offer such services. Buying a property in Malta
as a foreigner is quite easy.
4. Who registers the property acquisition in Malta?
The Maltese Land Register is the institution that oversees the real estate transactions in Malta. All properties are registered with this institution. Our lawyers in Malta can make verifications with the Land Register before signing the pre-sale contract.
5. What is the AIP?
AIP is the Acquisition of Immovable Property permit in Malta, issued by the Ministry of Finance
. This permit is issued for buying a property in Malta as a foreigner. All the legal implications for property purchase in Malta
can be explained by one of our specialists.
6. How much is the advance payment for a property in Malta?
In most cases, a payment of 10% of the property price is requested. This payment is made at the time the pre-sale contract is signed.
7. Can foreign seniors purchase a property in Malta?
Yes, retirement programmes are available for seniors who want to retire to Malta. They can rent or purchase properties without restrictions.
8. What is the main condition for selling a property in Malta?
First of all, a property in Malta must not be subject to mortgages or debts. A real estate due diligence procedure can reveal such aspects, yet it is best to solve these problems prior to any kind of transaction. Buying a property in Malta as a foreigner is a simple process.
9. How do I buy an apartment in Malta?
Hiring the services of a public notary alongside a Maltese lawyer is important. You need to obtain the AIP and then to make the advance payment for the chosen property. Our specialists can assist you throughout the real estate transaction.
10. Can I ask for legal services in Malta if I purchase a property?
Yes, it is mandatory to have the support of a Maltese immigration lawyer with experience in real estate transactions. Feel free to discuss all the legal aspects with us.
Hiring the services of a law firm in Malta
is important to real estate transactions, whether as a buyer or as a seller of a property in the insular state. Our customers can rely on complete professionalism, proficiency, transparency, and knowledge when deciding to work with us. We have experience in a wide range of real estate transactions and we can represent our clients with a power of attorney. Feel free to send your inquiries and solicit our legal help if you would like to know all the aspects about how to buy a property as a foreigner in Malta