| The authority for
the granting of Approved Developer status by the Minister of Finance lies
within the Special Development Areas Act.. |
| |
| Application letters
must be accompanied by the following details: |
| -
A formal proposal |
| -
Financial Statement |
| -
Copy of Approved Plan by the Town Planning Division; |
| -
Copy of a Land Tax bill confirming the map reference number of the property. |
| The decision is formally
communicated to the applicant along with a copy of the Notice. |
| The status of 'Approved
Developer' is valid for a period of fifteen (15) years and takes effect
from the date of publishing in the Official Gazette. |
| The legislation is
not retroactive. |
