CASA MALTA e mercato immobiliare: le nuove norme che saranno in vigore per il 2016

CASA MALTA e mercato immobiliare: le nuove norme che saranno in vigore per il 2016



Per investire in un immobile, acquistare la tua casa a Malta, affittare un ufficio o un appartamento, CASA MALTA ti offre sempre una soluzione e una consulenza 

Perchè il mercato immobiliare a Malta è un alternativa all’investimento in obbligazioni

Further to yesterday’s Malta 2016 budget announcement, we thought of sharing with you the salient points pertaining to property matters.

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L’esenzione della tassa di acquisto sull’immobile da parte di un acquirente (anche NON cittadino Maltese) considerato “first-time buyer”, verrà estesa anche a tutto il 2016 con un limite di esenzione per le coppie pari a €5000

The exemption for the stamp duty for first-time buyers was a welcome measure in last year’s budget, and this will be extended all through 2016. New couples can now benefit from up to €5,000 if they are first-time buyers. Those who paid after 1 July this year (when the previous scheme closed) will be getting a refund.

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Il regime di tassazione secca al 15%, previsto per i redditi derivanti dall’affitto di proprietà immobiliari, viene esteso anche agli immobili commerciali e non più solo a quelli ad uso residenziale

In the 2015 budget, government had introduced a measure whereby income derived from the rental of residential property is chargeable to 15% final tax. This 15% final tax regime will now be extended to cover income from the rental of commercial property, but will exclude rents between related parties.


Al fine di promuovere la vendita di case e proprietà immobiliari lasciate libere e inutilizzate, per tutto il 2016 la tassa sull’acquisto si riduce dal 5% al 2,5% per gli immobili situati nelle aree UCA (Urban Conservation Area)

As a measure to promote sale of vacant properties, stamp duty on properties will be reduced from 5% to 2.5% on properties which form part of an Urban Conservation Area (UCA) where contracts are finalised during the period of 1st January 2016 to 31st December 2016.

Inoltre, la tassa prevista sulla vendita degli immobili situati nelle aree UCAs, viene ridotta dal 8% al 5% per i proprietari che vendono o ristrutturano questa categoria di edifici

In addition, the final withholding tax on property transfers is being reduced from 8% to 5% for home owners who sell or
regenerate buildings in UCAs. This regeneration must be in compliance with the existing law on this area.


Why German bonds could be even riskier than Greece’s

Why German bonds could be even riskier than Greece’s

…. or why bond are much riskier than they are perceived

Which will be the better investment over the next 10 or even 30 years: German bonds or Greek bonds?

If that sounds like a simple question, think again.

In the fallout from Sunday’s “no” vote in Greece, the price of “safe” German bonds has surged and that of “risky” Greek bonds has, predictably, plunged.

Bonds are like seesaws: When the price goes up, the yield goes down and vice-versa.

At today’s prices, a 30-year German Bund sports a yield to maturity of only 1.4%. Meanwhile, a 30-year Greek bond offers a theoretical yield of just under 13% — i.e., nearly 10 times as much.

Naturally the markets are predicting that Greek bondholders won’t get all that money. They’ll take what is generally called a “haircut,” meaning cuts in their coupons and final principal repayment.

But how big will the haircut be?

Unless Greek bondholders suffer a massive, catastrophic write-down, they will actually end up getting more money back on their bonds than German bondholders will. That’s because “risk” and “safety” cannot be understood without reference to the price you pay for an asset. A “solid” asset can end up being a risky or poor investment if you pay too much; a dubious or risky asset, as long as it has at least some value, can end up being a great deal if you get it cheaply enough.

Both could be the case right now. Greek bonds could be underpriced. And German bonds could be overpriced. A yield of 1.4% a year for three decades looks dismal from almost any standpoint.

Mathematically, Greek bondholders will end up ahead if their haircut is less than about 73%. Yes, really. Take a 30-year bond with a theoretical yield of 12.73%, and you have to cut coupons and principal overall by more than 73% before the owner ends up earning a net return of less than 1.4% a year.

The face value of Greece’s government debt is currently 170% of economic output, or gross domestic product. A decrease of 73% would reduce that to only 46% — about the same as that of Germany. That would be some cut.


The Malta Citizenship by Investment Programme

The Malta Citizenship by Investment Programme


Introduced in the first quarter of 2014, the Malta Individual Investor Programme (IIP) offers citizenship in a EU Member State that is stable, neutral and highly respected, tying in a solid investment and a lasting bond with the country. The program allows for the grant of citizenship to duly qualified, reputable foreign individuals and families (EU and non-EU nationals) who make a significant contribution to the economic development of Malta.
The new Malta Individual Investor Programme (also referred to as the Malta Citizenship Programme) will be a good opportunity for investors to contribute to the local Maltese economy whilst at the same time benefiting from a citizenship in Malta. Successful candidates will be granted citizenship by a certificate of naturalization, which can also be extended to include their families and dependent.
The Maltese authorities guarantee an efficient application process, and the world’s strictest due diligence standards and vetting of applicants, thus ensuring only highly respectable clients will be admitted.
Successful candidates will be awarded Malta citizenship, which automatically includes EU citizenship, thus giving the right of establishment in all 28 EU countries and Switzerland. Other benefits include the ability to work and/or set up business in Malta and visa-free travel to more than 160 countries in the world, including the USA.

Eligibility criteria for the Malta Individual Investor Programme


The main applicant must be at least 18 years of age and may also add to a citizenship application for his/her spouse, as well as children and parents or grandparents, given that certain conditions are met.
Financial contribution
All individuals and families applying to the Malta Individual Investor Program must make a significant contribution to the National Development and Social Fund established by the Government. This consists of a financial contribution of €650,000 for the main applicant and an additional €25,000 per direct dependents, including the spouse and minor children. In the case of dependent children that are 18 to 26 years of age, or dependent parents over 55 years, a €50,000 contribution is applicable.
The applicant must also commit to retain a residence in Malta for a period of at least 5 years, either through the purchase of a property for which the minimum value must exceed €350,000, or by renting out a property for which the minimum annual rent must exceed €16,000. Ask to us to advice and serve you on these matters and look into casa malta database

Bonds Investment
An investment of €150,000 in Government approved financial instrument is required, which must be maintained for a minimum period of 5 years. We can assist you as well
Residency status
on buying/renting their property in Malta, citizenship candidates are issued an identity card. Citizenship is granted after 12 months from date of property purchase or rental. Candidates need not spend 365 days in Malta before citizenship is granted. Residence is defined under Maltese law as an intention to reside in Malta for any fiscal year, usually evidenced by a stay of a minimum of 183 days or by the purchase / rental of property together with a visit to Malta.
Fit and proper test
applicants must show they are in good standing and repute and will undergo a ‘fit and proper’ test. They must also show they do not suffer from any contagious disease.
Clean Criminal Record
The applicant must have no criminal record. Applicants must provide a police certificate which may be submitted subsequently to the submission of the application but before approval. A person who has been denied a visa to a country with which Malta has visa-free travel arrangement shall not be entitled to apply under the program. A person who is deemed a potential national security or reputational risk, or is subject to criminal investigation will also be denied citizenship.

Application and Due Diligence fees
Standard due diligence fees are applicable as follows: For main applicant: EUR 7,500; for spouses, adult children and parents: EUR 5,000; for children between 13 and 18 years of age: EUR 3,000 each.
The programme is limited to the first 1,800 approved applications.
The application will be processed by Identity Malta (a government institution) and is to be submitted through a local Approved Agent.

Through its hands-on participation in promoting Malta on an international level, and in association with a number of local approved agents Frank Salt Real Estate can assist international clients in obtaining Malta residence and citizenship under the respective programs, including the Malta Individual Investors Programme.

Taxation Merits tied to the Malta Citizenship by Investment Programme
The acquisition of Maltese citizenship under the IIP does not have any tax consequences, and even if one’s residence is moved to Malta, one would still retain the status of a non-domiciled person and thus have a limited, advantageous tax exposure.
The acquisition of Maltese citizenship under the IIP does not have any tax consequences, and even if one’s residence is moved to Malta, one would still retain the status of a non-domiciled person and thus have a limited, advantageous tax exposure.
Candidates that become residents and domiciled in Malta are required to pay income tax on their worldwide income. Personal income is taxed at progressive rates of up to 35%. However, individuals that are resident in Malta but not domiciled in Malta will only be required to pay tax on income arising in Malta and income (excluding capital gains) that arises outside Malta that is received in Malta.
Capital Gains Tax: Malta does not impose estate or donations tax but it does levy a capital gains tax on various assets (mainly immovable property and shares). Capital Gains Tax is not levied on transfer of immovable property if the person transferring the property has owned it and occupied it as his main residence for a period of three years and has not vacated it for more than one year. Otherwise tax shall be levied at the 0 to 35% tax regime on the gain if the property is sold within the first 12 years of ownership or 12% of the sales consideration if the transfer is effected after 12 years of ownership. However the 12% final tax does not apply if the individual property owner is not resident in Malta.
Malta has concluded double taxation treaties with around 70+ countries with a number of other agreements signed but not yet in force.
The standard VAT rate in Malta is of 18%. The corporate tax rate is 35%, however special tax concessions apply for non-resident / non-domiciled owners.

2015, giù il bond tedesco e ulteriore discesa per l’Euro, bilancia, proteggi e sviluppa i tuoi asset con un investimento immobiliare a Malta

2015, giù il bond tedesco e ulteriore discesa per l’Euro, bilancia, proteggi e sviluppa i tuoi asset con un investimento immobiliare a Malta

Investors’ eyes remain on the U.S. Federal Reserve and when it will raise interest rates this year, which helps widens the gap between the U.S. and the eurozone and their respective currencies, according to Nossek.

Capital Economics forecasts the euro to decline to around $1.15 by the end of this year and $1.10 in 2016 in a sustained period of weakness, due to indebted economies, poor growth and the implementation of quantitative easing in Europe.

“Even if the euro-zone’s current account surplus remains large, these factors could prompt an increase in net capital outflows from the region, keeping the currency under pressure,” wrote senior European economist Jennifer McKeown and chief markets economist John Higgins in a note published 6 January.

Eurozone bond yields might also become volatile. German short-term bond yields are in negative territory and Nossek said investors might look towards U.S. or UK fixed income securities as alternatives to euro-denominated bonds.

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Una splendida immagine da  San Francisco con la sua imperdibile icona del Golden Gate Bridge, per spiegare la curva dei rendimenti in relazione alla Maturity dei bond.

Per il 2015 la vera alternativa al mercato obbligazionario mondiale è un immobile a Malta con Malta way e Casa Malta

Guarda le lezioni precedenti

Lezioni di Investmento per famiglie: BOND Lezione 2 – BOND, rischio di credito, rating, tassi di interesse

maltaway_malta_sliema_notte 2

Lezioni di Investmento per famiglie: BOND Lezione 2 – BOND, rischio di credito, rating, tassi di interesse

Uno splendido esempio per trasformare l’arte di iniziare un nuovo business o una start up, in una lezione sui BOND ed il relativo rischio di credito, la valutazione del rating e del realtivo tasso di interesse sul prestito

vedi anche

BOND lezione 1

casa malta la casa degli italiani che investono a malta

cerca il tuo immobile a malta con casa malta

maltaway investimenti


Finance and Investments for family: BOND lesson 2 about credit risk, rating, interest rates

Finance and Investments for family: BOND lesson 2 about credit risk, rating, interest rates

Great way to transforms the art of starting a business into a lesson about credit risk and related rating and interest rates

BOND, DURATION, Bond Price, Interest Rates lesson 1