NON-EU NATIONALS CAN NOW APPLY FOR LONG-TERM RESIDENT STATUS IN MALTA AND WILL NO LONGER REQUIRE AN AIP.
Third-Country Nationals (NON-EU citizens) who have been legally and continuously residing in Malta for five years may apply for the long-term residence status. The status of long-term residents is permanent and the residence permit would be issued for a period of five years.
WHAT DOES THIS MEAN IN RELATION TO PROPERTY PURCHASE?
Once an applicant is given Long-term residence status, the successful applicant will no longer require an AIP (Acquisition of Immovable property) in order to purchase a property. Moreover, there will no longer be restrictions as to owning only one property as was previously the case.
Successful applicants can now benefit from all the Government concessions which an EU member can benefit from in relation to reductions in stamp duty as well as property tax.
The applicant must submit the following documentary evidence in support of his request: Please click here to see required documentation.