What are the benefits for foreign investors to invest in real estate located in a specially designated area?

I want to apply for Malta’s individual investor program. I learned that to fulfill the real estate investment requirement, foreign investors can choose to invest in properties located in a “special designated area.” I want to know what advantages investors can enjoy when investing in such areas in terms of investment threshold and adjudication time.

Answers

On November 02, 2019 Valentina Sammut answered:

Special Designated Areas provide an exception to the rules on residence permits in Malta, in that non-Maltese purchasers may buy properties with the same rights as Maltese citizens, thus not requiring a permit from the Maltese government. Essentially, this means that purchasers are exempt from the requirement of obtaining an Acquisition of Immovable Property (AIP) permit.

On November 04, 2019 Daniela Ciantar answered:

Malta has always had a robust and growing property market. Over the years, a number of Special Designated Areas (SDAs) have been established, which provides for upmarket properties located in Malta and Gozo. For foreign investors (EU and non-EU) who choose to purchase properties in such SDAs are not required to obtain an Acquisition of Immovable Property (AIP) permit. This will facilitate the process for the purchase of the property in Malta. Such developments boast of luxury properties served with all amenities such as marinas, supermarkets, entertainment and many other.

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