Sun, Property and Residence

RELOCATING TO MALTA

16th February 2018

Sun, Property and Residence

Exclusive Marina Apartment MLS ID 300983

Malta is increasingly being regarded as an optimal destination, not only by tourists and travellers but increasingly by High Net Worth Individuals (HNWI) and retirees looking for a good quality of life. Numerous individuals are attracted to the tiny archipelago and relocate to Malta every year. Primarily, Malta is the perfect location to expand business, to retire with peace of mind, and relocate with the family in the smoothest way possible. After all, the islands have plenty to offer- a typically Mediterranean climate, great history, culture, a prosperous economy and a multilingual population. Along with an abundance of lifestyle benefits, Malta provides for a number of programmes whereby individuals may obtain tax residency in Malta or alternatively Maltese citizenship. All the residence and citizenship programmes offered have one element in common, that is, the purchase or rental of an immovable property situated in the islands of Malta or Gozo. The below are the property requirements in a nutshell:

Programme

Purchase

Rental

Individual Investor Programme Purchase of property worth at least €350,000 Rental of property worth at least €16,000 per annum
Malta Residence and Visa Programme Purchase of property worth at least €320,000 (in Malta) or €270,000 (in the South of Malta or Gozo) Rental of property worth at least €12,000 (in Malta) or €10,000 (in the South of Malta or Gozo) per annum
Global Residence Programme Purchase of property worth at least €275,000 (in Malta) or €220,000 (in the South of Malta or Gozo) Rental of property worth at least €9,600 (in Malta) or €8,750 (in the South of Malta or Gozo) per annum
The Residence Programme Purchase of property worth at least  €275,000 (in Malta) or €220,000 (in the South of Malta or Gozo) Rental of property worth at least €9,600 (in Malta) or €8,750 (in the South of Malta or Gozo) per annum
Highly Qualified Persons Programme No minimum threshold (TCNs are prohibited from purchasing property) No minimum threshold. Lease should not be less than one year.
Ordinary Residence No minimum threshold No minimum threshold. Lease should not be less than 6 months.
  Sliema, on the east coast of Malta, has become an increasingly popular residence since it features several attractive properties, from new developments to townhouses, along with seafront views and a dynamic lifestyle, with plenty to offer for families. It is important to note that on the acquisition of immovable property in Malta or Gozo, 5% stamp duty on the value of the immovable property is payable by the buyer on the signing of the purchase deed, 1% of which is payable on the signing of the promise of sale agreement. Once the immovable property is purchased, no further property taxes are levied. For more information regarding residency programmes or assistance in finding your ideal real estate purchase or rental, Contact Us Malta Sotheby’s International Realty +356 9910 8070, or +356 2010 8070, email info@sir.com.mt  Find us on the web at www.maltasir.com
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Malta Sotheby's International Realty

Launched on the Maltese islands in 2013, Malta Sotheby's International Realty had one clear vision and goal in mind – to offer our clients the highest level of commitment and quality of service in the high-end residential and commercial real estate market throughout the Maltese Islands. We derive our success from local expertise, professionalism, commitment, and discretion to meet any client’s needs. We understand the importance of finding a home that not only suits your needs but suits your vision for the future – a place that facilitates comfort, creativity and familiarity. We realise that a home is much more than a place to live - it is a sanctuary from where we build families and dreams. Our real estate professionals will guide you towards finding your ideal home throughout the entire buying and selling process. The culture of Malta SIR is defined by our knowledgable and dedicated diverse team which spans over multiple nationalities, whether you are a vendor or a buyer we speak your language.

The listing information set forth on this site is based upon information which we consider reliable, but because it has been supplied by third parties to our franchisees (who in turn supplied it to us) , we cannot represent that it is accurate or complete, and it should not be relied upon as such. The offerings are subject to errors, omissions, changes, including price, or withdrawal without notice. All dimensions are approximate and have not been verified by the selling party and cannot be verified by Sotheby’s International Realty Affiliates LLC. It is recommended that you hire a professional in the business of determining dimensions, such as an appraiser, architect or civil engineer, to determine such information.