S.L. 123.148 Art. 4Beneficiary.

A beneficiary is an individual who is not a long-term resident and who proves to the satisfaction of the Commissioner that:

(a) he is a third country national and is not a Maltese, EEA or Swiss national;

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

Scheme Regulations, the High Net Worth Individuals -EU / EEA / Swiss Nationals Rules, the High Net Worth Individuals - Non-EU / EEA / Swiss Nationals Rules, the Malta Retirement Programme Rules, the Qualifying Employment in Innovation and Creativity

(Personal Tax) Rules or the Highly Qualified Persons

Rules;

(c) he holds a qualifying property holding;

(d) he is in receipt of stable and regular resources which are sufficient to maintain himself and his dependants 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 dependants;

(g) he can adequately communicate in one of the official languages of Malta; and

(h) he is a fit and proper person.