Archive for June, 2010

Classic yachts to grace Grand Harbour – Article, The Times of Malta, 17th June 2010

June 17, 2010

Eighteen classic sailing boats will sail to Malta from Saint Tropez, France as part of the 580-miles Trophée du Bailli de Suffren race.

Eighteen classic sailing boats will spend three days here in a 12-day race from Saint Tropez, France to Grand Harbour as part of the Trophée du Bailli de Suffren.

Now in its ninth edition, only classic yachts can take part in the 580-mile race, which kicks-off on June 26 and ends on July 7.

“The Trophée du Bailli de Suffren is a great boat show and we are very proud to be hosting the final juncture of this exclusive classic yacht event,” said Vittoriosa marina manager Ben Stuart.

“Few events around the world offer the spectacular views this regatta is bound to provide as this fleet will be entering our Grand Harbour. Our Grand Harbour Marina, with Malta’s mediaeval bastions as a natural backdrop, is the ideal berthing location for these amazing boats whose timeless beauty will grace Malta’s waters for three days,” he added.

The Trophée du Bailli de Suffren highlights the antique connection between Malta and France.

The race is named after Pierre André de Suffren, an admiral of the French Navy who visited the island in 1748.

For further information, kindly contact 77 Great Estates on (00356) 2125 2455; (00356) 9944 7444; skype: info.77GreatEstates or info@77GreatEstates.com.

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Beautiful Elena – Article, The Times of Malta, 15th June 2010

June 15, 2010

 

A 55-metre classic schooner, Elena, berthed at Grand Harbour Marina in Vittoriosa recently. Grand Harbour Marina general manager Ben Stuart described the Elena as one of the finest yachts in the world. She stole the show at last year’s 2009 Voiles de St Tropez regatta and at the Antibes Boat Show last April.

For further information, kindly contact 77 Great Estates on (00356) 2125 2455; (00356) 9944 7444; skype: info.77GreatEstates or info@77GreatEstates.com.

Metamarine, Baia win Malta Grand Prix of the Sea – Article, Sunday Times of Malta, 13th June 2010

June 14, 2010

Furnibo surfing the waves during Saturday’s Sprint Race. Photo: Darrin Zammit Lupi

Italian teams Metamarine Corse and Baia Attolini clinched overall victory at the 2010 Malta Grand Prix of the Sea after winning today’s Endurance Race along the Sliema coast.

There was some disappointment for local powerboat enthusiasts as Aaron Ciantar’s Ukrainian Spirit were only conspicuous by their absence at the weekend after the team lost their race against time to fine-tune the new engines on their Chaudron boat.

In the Evolution class, Metamarine Corse, manned by Marco Pennesi and Gianpaolo Montavoci, improved on their second-place in Saturday’s Sprint race by seizing victory in today’s Endurance race to go top of the world championship standings after two rounds.

Baia Attolini strengthened their grip on top position in the overall standings of the Supersport class after they bounced back from a disappointing fourth place in Saturday’s sprint race – won by Karelpiu – by posting the fastest time in today’s second leg.

The Italian trio of Stefano Acanfora, Renato Guidi and Vittorio Foglia Manzillo stormed to victory in today’s 16-lap Endurance Race after finishing ahead of Britain’s Team 26 and Seagull Ukrainian Spirit.

For further information, kindly contact 77 Great Estates on (00356) 2125 2455; (00356) 9944 7444; skype: info.77GreatEstates or info@77GreatEstates.com.

Relocation

June 1, 2010
 An EU citizen of the EU has 2 options:1st Option:

One may set up residence in Malta, under the “normal” Immigration Regulations (Legal Notice 205/04), whereby EU citizens can set up residence and work in Malta.  The application is vetted and permit issued by the Immigration Office, the Malta Police.  The procedure consists of an application for a residence permit, and an application for an employment licence (or proof of self-employment).

Such a resident will be treated as a Maltese resident for tax purposes, and will pay tax at 35% on income that arises in Malta or is remitted to Malta.

Breaks in residence must not exceed 6 consecutive months.

2nd Option:One may set up residence in Malta under the optional Residents Scheme Regulations (Legal Notice 428/04).  This scheme is administered by the Expatriates Section of the Inland Revenue Department.  The appropriate application with supporting documents is to be filed with the Commissioner of Inland Revenue; the Police Authorities will also carry out certain checks.  In this case a reduced personal rate of 15% tax on funds brought into/or income arising in Malta is paid; subject to a minimum annual amount of €4,150.  There are also exemptions/reduced tax on personal effects (including a car) brought to Malta.The main requirements and restrictions:

  • The applicant must have a capital (bank deposits, investments and immovables) worth  €349,406, or an annual income of €23,293.  
  • Brings into Malta a minimum annual amount of  €13,976 (plus €2,329 for each dependant).
  • Within a year of taking up residence, the resident permit holder is required to either lease a premises at a rent of not less than €4,150 per annum, or purchase a house of not less than €116,468 or an apartment of not less than €69,881.  There is no minimum stay requirement.
  • The exercise of a profession, occupation, or any employment or engagement in trade/business is prohibited.
For further information, kindly contact 77 Great Estates on (00356) 2125 2455; (00356) 9944 7444; skype: info.77GreatEstates or info@77GreatEstates.com  
   
 

About Malta

June 1, 2010
 At the geographical and cultural crossroad between West and East, North and South, Arab and Western Culture in the centre of the Mediterranean, Malta – and its smaller sister island Gozo – is ideally situated to act as a commercial hub and stepping base for regional and continental expansion.

Malta is located about 96 km south of Italy and 290 km north of Libya. The capital city is Valletta where our Head Office is located.

Malta, and its two sister islands, boast of pre historical monuments – predating the Egyptian pyramids – and other unique neolithic sites; its architecture dates from Roman to Norman times and from magnificent Baroque edifices to modern structures.

Malta’s history is laced with the glorious story of the Order of the Knights Hospitallers of St John. Based on its past European culture, Malta is now formally part of the EU (2004). With a strong sound economy (the currency is Euro ” € “) and relatively high social standard of living, Malta enjoys a Mediterranean climate with clear blue seas, sun and beaches – sandy and otherwise – and an interesting typical countryside and reputably healthy cuisine. Malta has an area of 246 square kilometers, a population of around 400,000 and 1,200,000 tourists annually. The Maltese are friendly and hospitable. Maltese, English and Italian are spoken fluentlyVehicles drive on the left hand side of the road: public picturesque transport is available. The Maltese real estate, with property enjoying beautiful sea and locally typical scenic views and surroundings, has proven to be an extremely sound and profitable business. Real estate prices have always steadily increased. It is expected that such an investment will retain and increase its value due to the islands limited space.

For further information, kindly contact 77 Great Estates on (00356) 2125 2455; (00356) 9944 7444; skype: info.77GreatEstates or info@77GreatEstates.com.