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Opening B&B in Malta

laimacu72

Me and my partner love to move to Malta and open our own B&B. What is the process of buying property than turning into B&B ... I read I have to purchase AIP and must buy my first property for just over 100 000 euros is that true? I am not allowed to buy any thing cheaper. As much as I understand when buy property with AIP I am not allowed to rent to the third party? So how people suppose to start business? Please help with advise ..
Thank you
Laimonas

See also

How to find a job in GozoHow to find a job in VallettaHow to create a business in MaltaFinding a job and working in MaltaHow to find a job in SliemaRecruitment Agencies in MaltaJob Portals in Malta
volcane

I cant imagine you'll get anything sub 100k that you be able to turn into a B&B, so probably all the same?

laimacu72

Well I found fir 28 K 2 bed 2 bath on Gozo but I am not allowed to buy as I am non resident in Malta yet

volcane

ah, gozo is different for prices.

But for AIP yes its 110k for a flat/maisonnette anything else is I think 170k.  I suspect though as you want to use it as a business - a B&B - you wont even qualify for AIP at all

laimacu72

So what option I have? How to buy property and get into B&B business it's very confusing ...

volcane

The AIP process exists specifically because malta has negotiated out of the EU rights for random people to show up and just buy properties due to the size and land shortage, you can buy without permit after living here for 5 years. 

It might be that if you establish a business the process is different, but I am just guessing, I am sure someone else here knows.

I don't know anything about the B&B business though so can't really help there unfortunately

laimacu72

Ok understood thank you

GozoMo

A lot of the B and B on Gozo are rented from landlords.

laimacu72

Hello you mean I tent property from someone and than I use as B and B ?

GozoMo

laimacu72 wrote:

Hello you mean I tent property from someone and than I use as B and B ?


I don't know about Malta but on Gozo yes.