Steps to Buying

 - E.U. Nationals (including Maltese) having continuously lived in Malta for at least 5 years.

 - E.U Nationals (including Maltese) not having lived continuously in Malta for 5 years but are intending to purchase their primary residence.

 -Costs associated with property purchase:

1. Property price
2. Notary Fees (approximately 1% purchase price)
3. Bank Charges
4. Stamp Duty due to Inland Revenue (3.5% on the first Lm30,000 (€ 69,930) and 5% on any amount over Lm30,000 (€ 69,930).
5. Architect / Surveyor Fees.

• Initial Contract (Konvenju). Once a sale price and basic conditions are agreed, both parties meet with a Public Notary who will draw up an initial contract or Konvenju. The public notary is usually chosen by the purchaser and can be recommended by your negotiator). The length of the Konvenju (most commonly 3 months) is agreed by the purchaser, vendor and Public Notary (who must be given time to make the requisite searches). The length of the Konvenju can be extended if the purchaser and vendor both agree. a. The Konvenju will list all the conditions that are required for the sale to be completed b. A 10% down payment on the purchase price is lodged with the Notary. Should the purchaser default, this 10% deposit is forfeited.

• Complete requirements of the Konvenju. Any conditions that the purchaser and vendor have agreed during the Konvenju must be completed. These could include obtaining planning permission or sanction letter from the bank for the home loan (mortgage).

• Sign the final Contract. All balances are to be paid and keys exchanged. The Notary will then register the

 - Non-EU Nationals 
 - EU nationals who have NOT continuously lived in Malta for at least 5 years and are NOT intending to purchase their primary residence.

• Costs associated with property purchase:
  1. Property price
  2.  Notary Fees (approximately 1% purchase price)
  3.  Bank Charges
  4.  Stamp Duty due to Inland Revenue (3.5% on the first Lm30,000 
  (€ 69,930) and 5% on any amount over Lm30,000 (€ 69,930).
  5.  Architect / Surveyor Fees
  6.  AIP Permit of Lm100

• Initial Contract (Konvenju). Once a sale price and basic conditions are agreed, both parties meet with a Public Notary who will draw up an initial contract or Konvenju. The public notary is usually chosen by the purchaser and can be recommended by your negotiator). The length of the Konvenju (most commonly 3 months) is agreed by the purchaser, vendor and Public Notary (who must be given time to make the requisite searches). The length of the Konvenju can be extended if the purchaser and vendor both agree.
  a. The Konvenju will list all the conditions that are required for the sale to be completed
  b. A 10% down payment on the purchase price is lodged with the Notary. Should the purchaser default, this 10% deposit is forfeited.
  
• Apply for an AIP (acquisition of immovable property) Permit.
  This permit is issued by the Ministry of Finance for a fee of Lm100.
  Your Notary or legal representative or yourself can apply for the permit
  Normally, the Permit is issued within approximately three months.
  The conditions required for an AIP Permit are:
  
  The value of the property must be above
  - Lm 39,730 (€ 92, 571) for apartments and Maisonettes
  - Lm 66,198 (€ 154, 241) for houses
  
  The property is to be used solely as a residence for the applicant and/or family. This condition may be waived if a rental permit is obtained.
  Proof that the funds for the purchase have originated from abroad.
  A copy of the promise of sale agreement (Konvenju) if you have reached this stage.
  2 passport sized photos of the applicant
  A copy of the applicants passport
  
  Application forms can be downloaded from: http://www.aip.gov.mt/forms.asp
  More information can be obtained from the A.I.P. section of the Ministry of Finance: http://www.aip.gov.mt
  
  
• Complete requirements of the Konvenju. Any conditions that the purchaser and vendor have agreed during the Konvenju must be completed. These could include obtaining planning permission or sanction letter from the bank for the home loan (mortgage).
  
  
• Sign the final Contract. All balances are to be paid and keys exchanged. The Notary will then register the sale