{"id":7121,"date":"2016-06-20T17:35:12","date_gmt":"2016-06-20T17:35:12","guid":{"rendered":"https:\/\/www.investmentimmigration.com\/?p=7121"},"modified":"2019-02-12T13:50:15","modified_gmt":"2019-02-12T18:50:15","slug":"malta-cip-investors-prefer-rent-property-instead-buy","status":"publish","type":"post","link":"https:\/\/www.investmentimmigration.com\/malta-cip-investors-prefer-rent-property-instead-buy\/","title":{"rendered":"Malta CIP Investors Prefer to Rent Property Instead of Buy"},"content":{"rendered":"<p>Successful applicants to Malta\u2019s <a href=\"https:\/\/www.investmentimmigration.com\/malta-citizenship-by-investment\/\" target=\"_blank\">citizenship-by-investment program<\/a> prefer to rent property rather than buy.<\/p>\n<p>Of 143 people given a passport until the end of April, 116 of them signed a five-year rental contract worth an average \u20ac21,000 a year.<\/p>\n<p>Under the terms of the program, applicants can choose to either invest in property worth at least \u20ac350,000, or lease a property for a yearly minimum rent of \u20ac16,000.<\/p>\n<p><img loading=\"lazy\" decoding=\"async\" data-attachment-id=\"7123\" data-permalink=\"https:\/\/www.investmentimmigration.com\/malta-cip-investors-prefer-rent-property-instead-buy\/malta-10-2\/\" data-orig-file=\"https:\/\/www.investmentimmigration.com\/wp-content\/uploads\/2016\/06\/malta.jpg\" data-orig-size=\"1000,750\" data-comments-opened=\"0\" data-image-meta=\"{&quot;aperture&quot;:&quot;0&quot;,&quot;credit&quot;:&quot;&quot;,&quot;camera&quot;:&quot;&quot;,&quot;caption&quot;:&quot;&quot;,&quot;created_timestamp&quot;:&quot;0&quot;,&quot;copyright&quot;:&quot;&quot;,&quot;focal_length&quot;:&quot;0&quot;,&quot;iso&quot;:&quot;0&quot;,&quot;shutter_speed&quot;:&quot;0&quot;,&quot;title&quot;:&quot;&quot;,&quot;orientation&quot;:&quot;0&quot;}\" data-image-title=\"Malta Citizenship by Investment Program Under Fire But Investor Demand Continues to Rise\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/www.investmentimmigration.com\/wp-content\/uploads\/2016\/06\/malta-300x225.jpg\" data-large-file=\"https:\/\/www.investmentimmigration.com\/wp-content\/uploads\/2016\/06\/malta.jpg\" class=\"alignnone size-full wp-image-7123\" src=\"https:\/\/www.investmentimmigration.com\/wp-content\/uploads\/2016\/06\/malta.jpg\" alt=\"Malta CIP Investors Prefer to Rent Property Instead of Buy\" width=\"1000\" height=\"750\" srcset=\"https:\/\/www.investmentimmigration.com\/wp-content\/uploads\/2016\/06\/malta.jpg 1000w, https:\/\/www.investmentimmigration.com\/wp-content\/uploads\/2016\/06\/malta-300x225.jpg 300w, https:\/\/www.investmentimmigration.com\/wp-content\/uploads\/2016\/06\/malta-768x576.jpg 768w\" sizes=\"(max-width: 1000px) 100vw, 1000px\" \/><\/p>\n<p>But only 27 applicants have taken the option to buy, spending an average \u20ac950,000.<\/p>\n<hr \/>\n<h3>Investment Requirements for Malta Individual Investor Program<\/h3>\n<ul>\n<li>Main Applicant: \u20ac650,000<\/li>\n<li>Spouse: \u20ac25,000<\/li>\n<li>Child under 18: \u20ac25,000<\/li>\n<li>Unmarried child aged 18-26: \u20ac50,000<\/li>\n<li>Dependant parent over 55: \u20ac50,000<\/li>\n<\/ul>\n<h4>After approval, the applicant must<\/h4>\n<ul>\n<li>Invest at least \u20ac150,000 in approved instruments and hold the investment for at least five years.<\/li>\n<li>Buy residential immovable property in Malta with a minimum value of \u20ac350,000 and hold the property for at least five years or lease a residential immovable property in Malta with a minimum annual rent of \u20ac16,000 for a period of five years.<\/li>\n<\/ul>\n<hr \/>\n<p>Furthermore, many of the millionaires who have applied for the program are apparently living in apartments in modest areas of the country.<\/p>\n<p>A 12-month residency rule was added to the program in order for it to achieve European Commission approval, which it now has.<\/p>\n<p>As of the end of April, 667 applications for the program had been received, of which 143 were approved and 84 rejected. The remaining are still being considered.<\/p>\n<p>Maltese Prime Minister Joseph Muscat said recently the success of the citizenship program was down to <a href=\"https:\/\/www.investmentimmigration.com\/politicians-should-not-run-citizenship-by-investment-programs\/\">allowing technical experts to run it<\/a>, instead of politicians.<\/p>\n<p>The program is regularly picked out as one of the best in class for citizenship-by-investment. It has raised more than \u20ac1 billion in the 18 months since it was introduced.<\/p>\n<hr \/>\n<h3>Malta Residence Investor Program: Tax Summary<\/h3>\n<ul>\n<li><a href=\"https:\/\/www.investmentimmigration.com\/guide-malta-investor-programs-progressive-tax-policy\/\" target=\"_blank\">Progressive tax rates<\/a> ranging from 0% to 35% based on the annual income of the resident<\/li>\n<li>No tax on foreign capital gains and unremitted foreign income<\/li>\n<li>No minimum annual tax liability<\/li>\n<\/ul>\n<hr \/>\n<p><b>Further reading<\/b><\/p>\n<ul>\n<li><a title=\"Permalink to Politicians Should Not Run Citizenship-by-Investment Programs, Says Malta Leader\" href=\"https:\/\/www.investmentimmigration.com\/politicians-should-not-run-citizenship-by-investment-programs\/\" rel=\"bookmark\">Politicians Should Not Run Citizenship-by-Investment Programs, Says Malta Leader<\/a><\/li>\n<li><a title=\"Permalink to Guide to Malta Investor Program\u2019s Progressive Tax Policy\" href=\"https:\/\/www.investmentimmigration.com\/guide-malta-investor-programs-progressive-tax-policy\/\" rel=\"bookmark\">Guide to Malta Investor Program\u2019s Progressive Tax Policy<\/a><\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<p>Successful applicants to Malta\u2019s citizenship-by-investment program prefer to rent property rather than buy. Of 143 people given a passport until the end of April, 116 of them signed a five-year rental contract worth an average \u20ac21,000 a year. Under the terms of the program, applicants can choose to either invest in property worth at least&hellip;<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"footnotes":"","_jetpack_memberships_contains_paid_content":false,"jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":false,"jetpack_social_options":{"image_generator_settings":{"template":"highway","enabled":false}}},"categories":[454],"tags":[],"jetpack_publicize_connections":[],"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"","jetpack_shortlink":"https:\/\/wp.me\/p8hnWW-1QR","jetpack_likes_enabled":true,"_links":{"self":[{"href":"https:\/\/www.investmentimmigration.com\/wp-json\/wp\/v2\/posts\/7121"}],"collection":[{"href":"https:\/\/www.investmentimmigration.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.investmentimmigration.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.investmentimmigration.com\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.investmentimmigration.com\/wp-json\/wp\/v2\/comments?post=7121"}],"version-history":[{"count":0,"href":"https:\/\/www.investmentimmigration.com\/wp-json\/wp\/v2\/posts\/7121\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.investmentimmigration.com\/wp-json\/wp\/v2\/media?parent=7121"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmentimmigration.com\/wp-json\/wp\/v2\/categories?post=7121"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmentimmigration.com\/wp-json\/wp\/v2\/tags?post=7121"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}