S.L. 123.130 Art. 4Beneficiary.

A beneficiary is an individual who proves to the satisfaction of the Commissioner that:

(a) he holds a qualifying property holding;

(b) in the case of a person who declares that he does not intend to become a long-term resident, he does not spend more than nine months in Malta in any calendar year;

(c) in the case of a person who declares that he intends to become a long-term resident, he is a party to a qualifying contract;

(d) he is not a person who benefits under the Residents Scheme Regulations or the Highly Qualified Persons Rules;

(e) he is in receipt of stable and regular resources which are sufficient to maintain himself and his dependents without recourse to the social assistance system in Malta;

(f) he is in possession of a valid travel document;

(g) he is in possession of sickness insurance in respect of all risks across the whole of the European Union normally covered for Maltese nationals for himself and his dependents;

(h) he is not domiciled in Malta and that he does not, within five years from the date of application, intend to establish his domicile in Malta;

(i) he is a fit and proper person;

(j) he is fluent in one of the official languages of Malta; and

(k) he is a third country national and is not a Maltese national.