ii) Residents in possession of a certificate from the Inland Revenue Department in terms of Resident’s scheme Regulations 2004.
iii) Residents who have declared their intention to stay in Malta whose stay exceed 183 days every year and who fill in a yearly income tax return.
iv) Individuals with work permits. Note: The income tax department also check on utility bills levels of consumption over the three years.
Does a Maltese with dual citizenship example Australian and Maltese, yet who has never resided in Malta for 5 consecutive years, need an AIP permit to buy a property?
Can a foreigner, for example, purchase three or four properties in a special designate area and one property outside this designated area?
i) they have been resident in Malta for at least 5 years.
ii) they buy other properties in a special designated area.
iii) the second property is required for the person’s business activity or supplying of services.
iv) their regular business is speculating or renting out property and they purchase these properties through a locally registered company.
Can a foreigner buy below the threshold of €110,000 and €183,500 if the immovable property is shell or unconverted or needs work to be done to it?
An individual may qualify and opt to join the Permanent Residency Scheme where one is taxed at a flat rate of 15%. There is an minimum tax payable of €20,000 per year so is only advantageous to the high earner and tax payer.