These Regulations supplement the Immovable Property (Designation of Special Areas) Regulations by inserting new regulations 4 and 5. These new provisions concern further circumstances under which the Minister of Finance is entitled to issue an order designating an area as a Special Designated Area, upon application by non residents who intend to acquire immovable property.
Amends: Immovable Property (Designation of Special Areas) Regulations, 2006 (L.N. 227 of 2006). (2006)