Real Estate & Land Use Case Studies
According to Malta’s Property Code and Regulations, the sale or purchase of a property is concluded with the assistance of an agreement that comprises all the regulations. The legal aspects of a sale-purchase contract are attentively analyzed by one altogether our lawyers in Malta Our specialists may help foreigners purchase a property and gain residence or citizenship in Malta.
How am i able to buy a property in Malta?
The property purchase process is straightforward and easy and is subject to specific conditions. If all the necessities are respected, the acquisition of a property in Malta are quite simple. Below you’ll find some important steps that you just just simply simply just should consider about Property Law Malta, helped by one in every of our Maltese lawyers:
If you chose the property you’d wish to induce, we are able to negotiate the value, so on respect the value.
A pre-sale agreement (preliminary agreement) is then prepared, helped by one altogether our lawyers in Malta who will analyze this type of pre-contract.
Also, you’ll have the nice thing about assets due diligence and make an accurate verification of the property you’d wish to amass.
A 5% payment of the whole price, plus 1% for tax must be paid at the time the pre-sale agreement is signed by the parties involved within the transaction.
The rest of the payment is formed at the time the last word word Deed is signed.
The property purchase process is subject to different stages that possesses to be attentively respected. a true estate due diligence process is additionally important and might be made by one altogether our Maltese lawyers. Our experts can tell you more about property law in Malta in an easy way.
What is realty due diligence in Malta?
Whether you’d wish to induce a residential property or an apartment, both cases require realty due diligence procedures. this kind of process involves a series of verifications mostly associated with potential debts or hidden problems, to convey some examples. The contract normally contains the name of former proprietors, technical aspects, value, general rules associated with ownership, and if specific modifications were added. The contracts of economic properties might require overtime for verifications, which is why the important estate due diligence might take some time. Our lawyers in Malta have sufficient experience within the land sector to provide legal advice and to start out out out out a true estate due diligence before the acquisition. you’ll solicit us from the start if you intend to buy for for a property in Malta. Details about Property Law in Malta could even be requested.
The Malta Residency and Visa Program
The Malta Residency and Visa Program or Malta Golden Visa is directed to non-EU citizens who want to relocate to the present country and luxuriate in a very very series of benefits. Investments of EUR 120,000, plus EUR 10,000 because the value for annual home rent in Malta represent the foremost conditions to hitch this program. Relocation is feasible, but first, you must choose the property you’d wish to induce or rent in Malta. there’s also the Retirement Scheme in Malta that addresses seniors from abroad who want to relocate to this country. Among the conditions to affix this program, property acquisition in Malta, worth a minimum of EUR 220,000 is imposed. All the legal aspects relating Property Law in Malta and also the provisions that has to be respected by foreigners in Malta is additionally explained by one in every of our Maltese lawyers.
Investing in Malta
Malta is home to an honest range of international companies that thrive in many sectors of interest. The tourism sector is kind of advanced and an attraction point to foreign entrepreneurs fascinated by starting a business during this field. Tourism agencies or construction companies could even be excellent choices for investors, whether from EU or non-EU countries. The system in Malta isn’t strange to entrepreneurs from overseas, because the regime comes with a series of advantages. International businessmen can enjoy the benefits of the skilled and multilingual workforce in Malta, whether for a newly established company or for a relocated enterprise. Here are some interesting facts and figures regarding the economy and business in Malta that you simply simply just simply simply might find useful:
Malta recorded about USD 210 billion in terms of FDI in 2020.
According to the 2020 Doing Business report issued by the planet Bank, Malta ranks 88th out of 190 worldwide economies.
The insular state already hosts more then 30,000 foreign companies.
The gaming sector is extremely developed in Malta, with an oversized an element of FDIs being directed during this field.