S.L. 123.129 Art. 4Beneficiary.

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

(a) he holds a qualifying property holding;

(b) he is not a person who benefits under the Residents

Scheme Regulations or the Highly Qualified Persons Rules;

(c) he is neither a Maltese national nor a third-country national;

(d) 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;

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

(f) 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;

(g) 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; and

(h) he is a fit and proper person.