Asked Questions and Answers:
How do I
qualify for membership?
You (or for joint membership your spouse/companion) must be aged 50 or
over* by the date you subscribe to membership.
What is the
You pay a fixed membership which is pre-determined and inclusive except
for administration charges, insurance and maintenance. All of which will
be made clear to you before you decide to acquire membership.
hidden charges are there?
None. Maintenance, insurance and administration charges are only
increased in line with the annual inflation rate in Malta.
guarantees do I have?
Your membership rights are protected by law to ensure your best
interests are upheld. The independent scheme trustees will hold all
deposits and balance of subscription fees until transactions have been
satisfactorily concluded and your membership certificate issued. As a
guarantee member of a public limited liability company you will have
voting rights and may be represented at the company's annual general
Do I share
with anyone else?
No. Membership is exclusive to you, or for joint membership, your
companion or partner. But whilst you are a member your immediate family
can also enjoy use of the property. Close friends may also use the
property but only when you are in residence.
Can I pass on
my membership to anyone else?
No. Membership is restricted to you and joint member if applicable,
whilst you are alive. This membership ceases immediately you and your
joint member (if applicable) are deceased.
if I die or want to give up my membership?
When you and your partner are deceased or if you wish to give up your
membership you, or your heirs, will be reimbursed for up to 100% of the
original subscription cost, provided we are able to reassign your
membership to a third party. Refunds will be made as follows:
- Up to five years
occupancy - 70% refund
- Six to ten years
occupancy - 80% refund
- Eleven to fifteen
years occupancy - 90% refund
- Thereafter - 100%
Can I ship my
Yes, and should you choose to become a temporary or permanent resident
in Malta, most if not all your possessions are free from customs duty.
Can I benefit
from the lower rates of taxation in Malta?
Yes, provided you choose to become a temporary or permanent resident.
Taxes can be as low as 15%.