To attract further property investment, the government has implemented several measures that have charged up the market to higher levels. Effectively by virtue of having resided continuously in Malta for at least 5 years, EU citizens are given the ability of acquiring immovable property in Malta without the need to apply for an Acquisition of Immovable Property (AIP) permit.
EU citizens who have not resided continuously in Malta for at least 5 years, preceding the date of acquisition, may still acquire their primary residence, or any immovable property required for their business activities, or supply of services, without an AIP permit.
Meanwhile, citizens of all EU member states, who have not resided continuously in Malta for a minimum period of five years, require an AIP permit to acquire immovable property for secondary residence purposes. Individuals who are not EU citizen still have the possibility of acquiring immovable property in Malta through the acquisition of an AIP Permit, if they intend to use the property as their primary residence.
A body of persons, other than a commercial partnership, established in, and operating from an EU member state, may freely acquire immovable property that is required for the purpose for which it has been set up as long as its ultimate beneficial owners are EU citizens. A commercial partnership established in, and operating from an EU member state (therefore including Malta) may freely acquire immovable property that is required for the purpose for which it has been set up and at least 75% of its share capital is held by a person (or persons) who is an EU citizen.
Any other body of persons will require a permit which is only granted if the property is required for an industrial or touristic project, or as a contributor to the development of the Maltese economy. There are defined zones in Malta referred to as special designated areas, where there are absolutely no restrictions to acquire property.
These exclusive high-end zones include: Fort Chambray, limits of Ghajnsielem, Gozo; Madliena Village, Madliena; Portomaso Development, situated on a plot of land at Spinola, St. Julians; SmartCity; San Lawrenz Kempinski Development, Gozo; Fort Cambridge, Sliema; Cottonera Development; Manoel Island/Tigne Point, Gzira and Sliema; Tas-Sellum Residence, limits of Mellieha; Ta’ Monita Residence, Marsascala; Pender Place and Mercury House, St Julians; Metropolis Place Gzira; and Vista Point, Marsalforn, Gozo.
Related: Buy a Property in Special Designated Areas in Malta