PORTOMASO DEVELOPMENT 
(DESIGNATED SPECIAL AREA) _g S.L.246.06 1
SUBSIDIARY LEGISLATION 246.06
PORTOMASO DEVELOPMENT
(DESIGNATED SPECIAL AREA) ORDER
3rd August, 1999
LEGAL NOTICE 137 of 1999.
Title.
(Designated Special Area) Order.
Designation of 
Special Area.
S.L.246.02
2. Portomaso Development situated on a plot of land at
Spinola, Designation of St. Julians, Malta, shown outlined in blue
in a plan marked as Document Special Area B annexed to a deed in
the records of the Assistant Notary to Government, Doctor Anthony
Attard, by Deed No. 83 dated 19th May, 1964 (hereinafter referred
to as the Special Area) is hereby designated as a Designated Special
Area for the purposes of the Immovable Property (Designation of
Special Areas) Regulations.
Non-resident 
persons to whom 
this Order applies.
Cap. 246.
3. (1) This Order shall apply to non-resident persons falling
under the definition in paragraph ( a ) of the definition of
"non-resident person" in article 2 of the Immovable Property
(Acquisition by Non-Residents) Act (hereinafter in this Order
referred to as "the Act") and to non-resident persons falling under
paragraph ( b ) of the said definition but only where none of the
shares or interests in such body of persons are issued or
transferable by delivery to bearer:
Cap. 233.
be held and registered in the name of a nominee, resident in Malta,
provided such nominee obtains permission under such conditions
as the Minister may deem appropriate to issue in accordance with
article 17(2) of the Exchange Control Act.
Cap. 233.
Cap. 364.
(2) Where the non-resident person is a body of persons as
defined in subarticle (1), it shall be a condition of the permit that
the shares or interests in the said body of persons shall not be
transferable to any person  inter   vivos  without the permit in writing
by the Minister and where the shares or interests are held by a
nominee, a new permission under the Exchange Control Act shall
be obtained prior to the transfer of any share or interest in the body
of persons to new beneficial interests and such a change in
beneficial interests shall be deemed to be a transfer of the
registered shares or interests for the purpose of the Duty on
Documents and Transfers Act, and shall pay to the Minister the
sum that would be due as duty under that Act and notwithstanding
anything contained in the said Act.
(3) For the purposes of a permit as is referred to in subarticle
(2), an application shall be made on behalf of the person to whom
such transfer is intended to be made, giving such details or other
documentation relative to such person as apply in respect of the
original shareholders as prescribed under this Order. Such permit
shall only be granted upon the payment of the fee referred to in
2 _g S.L.246.06
PORTOMASO DEVELOPMENT 
(DESIGNATED SPECIAL AREA)
article 7.
Immovable 
property to which 
Order applies.
4. (1) This Order applies to the immovable property marked
on the plan referred to in article 2.
(2) Each residential unit or any other immovable property
being part of the designated property may be acquired or
transferred under any title but may not be acquired, transferred or
held under any timeshare scheme or other similar system of
multi-property.
Application. 5. (1) An application for the acquisition by a non-resident
person of any immovable property in the special area or for the
transfer of shares in a body of persons holding such property, shall
be made in the form as shown in the Schedule, and shall contain
such particulars and be accompanied by such documents as are
prescribed in the said form.
(2) Applications may be made in relation to more than one unit
of immovable property in the special area, but a separate fee as
prescribed in article 3(3) shall be payable in respect of each single
unit.
Permissible uses. 6. (1) The immovable property to which this Order applies
may, subject to the provisions of this article, be put to any use
permissible by law.
(2) The provisions of subarticle (1) shall not be considered as
exempting from the provision of any law requiring any permit for a
change in land use, for the exercise of any trade or profession, or
generally to make any particular use of the immovable property.
(3) Notwithstanding the other provisions of this article where
the immovable property is put to residential use (whether such use
is long term or temporary) it may only be used by the owner, his
friends or family, and where the owner is a body of persons by the
shareholders, directors or employees of the company, and may be
leased to third parties.
Fees. 7. The fees payable under this order shall be Lm 100 for each
unit acquired by a non-resident referred to in article 3(1).
PORTOMASO DEVELOPMENT 
(DESIGNATED SPECIAL AREA) _g S.L.246.06 3
SCHEDULE
(Article 5)
A
APPLICATION TO THE MINISTER RESPONSIBLE FOR FINANCE BY A BODY 
OF PERSONS TO ACQUIRE IMMOVABLE PROPERTY IN MALTA IN TERMS 
OF THE IMMOVABLE PROPERTY (ACQUISITION BY NON-RESIDENTS)) 
ACT (CAP. 246)
Immovable Property (Designation of Special Areas) Regulations
Portomaso Development (Designated Special Area) Order
PART I
A. Particulars of applicant falling under section 2( b ) of the Immovable Property
(Acquisition by Non-Residents) Act, Cap 246 (hereinafter referred to as the Act).
1. Name of body, association, authority etc. or other entity which is making the
application: ..................................................................................................
2. Whether corporate or not: .............................................................................
3. Where or under the laws of which country is it constituted, formed,
established, incorporated or registered: .........................................................
4. Whether it has its principal place of residence or of business outside Malta:
.....................................................................................................................
5. ( a ) A list of all shareholders showing the number of shares held by each,
the citizenship of each shareholder and the place of residence; and
( b ) Where the shareholder is a body, association, authority etc., all the
particulars relating to is as at ( a ) above: ...............................................
.....................................................................................................................
(A separate list may be attached to the application duly signed and dated by
applicant, and a note to this effect made in the above space).
6. Whether it is in any manner directly or indirectly controlled by one or more
non-resident persons as defined by the Act: ...................................................
.....................................................................................................................
(Full particulars are to be given as necessary)
B. Particulars of immovable property to be acquired by non-residents.
1. Detailed description of immovable property including the type of property,
the locality and other particulars necessary to identify it and the area of the
property in square metres: .............................................................................
2. Price or other consideration being paid: ........................................................
3. If for development, details of cost of works and estimated period for
completion of same: .....................................................................................
4. Under what title is the immovable property to be acquired: ...........................
.....................................................................................................................
(Applicant is to submit a copy, if any, of documents in connection with the
acquisition of the property).
5. Purpose for which the immovable property is to be acquired:
.....................................................................................................................
4 _g S.L.246.06
PORTOMASO DEVELOPMENT 
(DESIGNATED SPECIAL AREA)
6. Source of funds for acquisition of immovable property:
.....................................................................................................................
7. Any other particulars:
.....................................................................................................................
C. Particulars of person from whom immovable property is being acquired.
1. Name: ..........................................................................................................
2. Address: .......................................................................................................
D. Details of any immovable property in Malta already held or owned by
applicant under any title whatsoever: ........................................................................
.....................................................................................................................
.....................................................................................................................
.....................................................................................................................
I hereby declare that the above particulars are true and correct and that the
immovable property is intended to be used for the purpose above mentioned.
................................. .................................
Date Signature of Applicant
NOTE: Applicant is warned that any information given in the Application material
to the granting of permission by the Minister which is incorrect or misleading would
amongst other things as contemplated in the,Act render any pertinent deed, will or
act null and void.
PART II
For official use only.
B
APPLICATION TO THE MINISTER RESPONSIBLE FOR FINANCE BY AN 
INDIVIDUAL TO ACQUIRE IMMOVABLE PROPERTY IN MALTA IN TERMS 
OF THE IMMOVABLE PROPERTY(ACQUISITON BY NON-RESIDENTS ACT 
(CAP. 246)
Immovable Property Designation of Special Areas) Regulations
Portomaso Development (Designated Special Area) Order
PART I
A. Particulars of applicant:
1. Name and surname: ......................................................................................
2. Place and Date of Birth: ................................................................................
3. Parents’ names: ............................................................................................
4. Profession or trade: .......................................................................................
5. Citizenship: ..................................................................................................
6. Place of residence: ........................................................................................
7. Ordinary place of residence if different from above: ......................................
.....................................................................................................................
B. Particulars of immovable property to be acquired by non-resident:
PORTOMASO DEVELOPMENT 
(DESIGNATED SPECIAL AREA) _g S.L.246.06 5
1. Detailed description of immovable property (i) type of property, the locality,
boundaries (where necessary) and other particulars needed to identify it and
(ii) size of the property giving overall area of land in square metres, details
of buildings, and all other appurtenances, (iii) whether or not property is of
historical importance or situated in a historical area:
.....................................................................................................................
.....................................................................................................................
.....................................................................................................................
.....................................................................................................................
2. Price or other consideration being paid: ........................................................
3. If for development, details of cost of works and estimated period for
completion of same: .....................................................................................
4. Under what title is the immovable property is to be acquired:
.....................................................................................................................
(Applicant is to submit a copy, if any, of any documents in connection with
the acquisition of the property).
5. Purpose for which the immovable property is to be acquired:
.....................................................................................................................
6. Source of funds for acquisition of immovable property:
.....................................................................................................................
7. Any other particulars: ...................................................................................
C. Particulars of person or body of persons from whom immovable property is
being acquired:
1. Name ............................................................................................................
2. Address: .......................................................................................................
.....................................................................................................................
3. Citizenship or in case of body of persons, whether "resident" in terms of the
Act ...............................................................................................................
D. Particulars of immovable property already owned or held:
1. Details of any immovable property in Malta already owned or held under any
title whatsoever by applicant:
.....................................................................................................................
.....................................................................................................................
2. Details of any immovable property in Malta already owned or held under any
title whatsoever by applicant’s family: 
.....................................................................................................................
.....................................................................................................................
3. Details of any immovable property in Malta disposed of by applicant or any
member of his family during the last ten years:
.....................................................................................................................
.....................................................................................................................
.....................................................................................................................
6 _g S.L.246.06
PORTOMASO DEVELOPMENT 
(DESIGNATED SPECIAL AREA)
I hereby declare that the particulars are true and correct.
................................. .............................................
Date Signature of Applicant/Attorney
NOTE: Applicant is warned that any information given in the Application material
to the granting of permission by the Minister which is incorrect or misleading would
amongst other things as contemplated in the Act render any pertinent deed, will or
act null and void.
PART II
For official use only.
