The present Act lays down provisions concerning the acquisition of immovable property by non residents, which basically shall be prohibited, except for certain circumstances under which such acquisition shall be allowed (those specified in article 5). As a general rule, A person, other than a physical or a non resident person, may acquire by an act inter vivos immovable property in Malta without the necessity of obtaining a permit under this Act where such immovable property is required for the purpose of carrying out the activity for which it has been set up.
Implemented by: Immovable Property (Designation of Special Areas) Regulations, 2006 (L.N. 227 of 2006). (2006)
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