If you want to buy a property in Malta, you may require an AIP (Acquisition of Immovable Property) permit. Therefore, we have put together an FAQ to help you understand who needs an AIP permit and how the application process works.
What is an AIP permit?
An Acquisition of Immovable Property (AIP) permit is a permit granting the right to purchase a single property in Malta.
Who does not need an AIP permit to buy a property in Malta?
If you are a Maltese citizen or from another country of the European Union and have continuously resided for at least 5 years in Malta, you may purchase properties without the need for a permit or a special license.
Who needs an AIP permit to buy property in Malta?
If you are a Maltese citizen or from another country of the European Union and have not continuously resided for at least 5 years in Malta, you only require an AIP (Acquisition of Immovable Property) permit to buy a secondary residence. If you are a first-time-buyer and intend to reside in the property you do not need an AIP permit.
If you are from a non-European Union country you need to apply for an AIP permit, even for your first property.
I want to purchase property for my business. Do I need an AIP permit?
Maltese and EU citizens do not require an AIP license to buy property for their business activities regardless of how long they have resided in Malta. Citizens from other countries will only receive a permit if their business is an industrial or touristic project.
How much does an AIP cost?
An Acquisition of Immovable Property Permit costs 233 €.
Where can I apply for an AIP license?
The application form for an individual can be downloaded here and for a company here.
What else do I need to submit with the application form?
Together with the application form, you need to submit two passport photos, a copy of the promise of sale (konvenju) and a copy of your passport.
How long does it take until the AIP permit is approved?
An AIP permit is typically issued within 35 days by the Capital Transfer Duty (CTD) Department.
What is the minimum value of the property to apply for an AIP permit?
The minimum purchase price of the property needs to be 121.792 € for flats and maisonettes and 202.929 € for any other property type.
Can I buy more than one property with an AIP permit?
No, you can only buy one property unless it is located in a Special Designated Area.
Can I rent out my property?
Properties purchased with an AIP permit may not be rented to third parties.
If you have any further questions feel free to leave a comment or reach out to us. You may also take a look at our recently listed properties for sale.