ln_2007_320 MT

Immovable Property

6 Articles / Provisions · Malta

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Table of Provisions (6)

Preamble Reg. 1 Reg. 2 Reg. 3 Reg. 4 guidelines for the extension of Special Designated Areas. Reg. 5

Statutory Text (6 Provisions)

Malta Government Gazette — Legal Notice 2007 320 — Immovable Property

Preamble — Immovable Property Official

L.N. 320 of 2007

IMMOVABLE PROPERTY

(ACQUISITION BY NON-RESIDENTS) ACT

(CAP. 246)

Immovable Property

(Designation of Special Areas) (Amendment) Regulations, 2007

IN exercise of the powers conferred by article 8 of the Immovable

Property (Acquisition by Non-Residents) Act, hereinafter referred to

as “the Act”, the Prime Minister and Minister of Finance has made the

following regulations>-

Malta Government Gazette — Legal Notice 2007 320 — Immovable Property

Reg. 1 — Immovable Property Official

The title of these regulations is the Immovable Property Title.

(Designation of Special Areas) (Amendment) Regulations, 2007 and L.N. 227 of 2006.

they shall be read and construed as one with the Immovable Property

(Designation of Special Areas) Regulations, 2006, hereinafter referred

to as “the principal regulations.”.

Malta Government Gazette — Legal Notice 2007 320 — Immovable Property

Reg. 2 — Immovable Property Official

Regulations 4 and 5 of the principal regulations shall be Renumbering of

regulations 4 and 5

renumbered as regulations 6 and 7 thereof.

of the principal

regulations.

Malta Government Gazette — Legal Notice 2007 320 — Immovable Property

Reg. 3 — Immovable Property Official

Immediately after regulation 3 of the principal regulations there Adds new

regulation 4 to the

shall be added the following new regulation>-

principal

regulations.

“Criteria and

Malta Government Gazette — Legal Notice 2007 320 — Immovable Property

Reg. 4 guidelines for the extension of Special Designated Areas. — Immovable Property Official

(1) The Minister may also issue an Order

designating an area as a Special Designated Area in terms of

article 2 of the Act if an application is made in regard to a

site, of a superficial area below 10,000 square metres, which

is an extension of and adjacent to an existing development

that has already been granted Special Designated Area status

in virtue of the provisions of regulation 2 of these regulations,

or by an Order issued prior to the coming into force of the

said regulation, or in virtue of this regulation.

(2) Prior to issuing such an Order, the Minister

shall ensure that satisfactory evidence is submitted to show

that the applicant is the same person who was granted the

original Special Designated Area status, or an assignee or

successor in title of such person< and that the applicant has

abided by all the conditions contained in the original Order

granting Special Designated Area status as well as with all

the conditions contained in these regulations, where

applicable.”.

4. Immediately after new regulation 4 of the principal regulations,

there shall be added the following new regulation>-

Malta Government Gazette — Legal Notice 2007 320 — Immovable Property

Reg. 5 — Immovable Property Official

Upon approval of the application by the Minister,

“Fee payable.

but prior to the designation of the area as a Special Designated

Area, the applicant shall pay a one-time fee of one thousand

lira (Lm1,000) increased by one lira (Lm1) per square metre

of superficial area for any area in excess of one thousand

square metres (1,000m 2 )>

Provided that for the purposes of this regulation two or

more areas which are not adjacent to each other shall be

considered as separate areas to be covered by separate

applications.”.

Mitbug[ fl-Istamperija tal-Gvern — Printed at the Government Printing Press

Lm0.08 (€0.19)

Immovable Property

Table of Provisions (6)

Statutory Text (6 Provisions)

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