Malta is rapidly becoming one of the prime destinations in the Mediterranean for expats who are seeking to invest in property abroad. Over the years, Malta has become an attractive and very competitive economy. This is due to new benefits such as increased accessibility, reduced red tape, and favourable tax schemes.
Malta is heavily invested in attracting international individuals looking to move abroad. Both EU and non-EU individuals can purchase property in Malta. This has become simplified through the establishment of Special Designated Areas.
For all of these properties, a permit will not be required from the Maltese government for foreigners. Hence, the purchaser does not need to obtain an Acquisition of Immovable Property (AIP) permit. In contrast, properties outside these areas would require this particular permit. The AIP permit is issued by the Minister of Finance, Economy, and Investment.