The developer insists that the apartments and duplexes will offer clients “affordable luxury in a secure, car-free and clean environment, close to all that matters. They come with the added value of some of the most exciting investments and retail options so lacking in the south,” according to the press statement.

“The entire project is to be built all at once,” said Andrew Gatt, Sales and Marketing Manager at The Shoreline Residence Ltd. “The shopping mall is set to open to the public in Q1/2022, handover of the first finished units to clients is scheduled for Q3/2022. Meanwhile, the Shoreline is currently evaluating the construction tender as construction works are planned to start by the end of this year.”

In terms of environmental responsibility, Maltese company En-sure Ltd is carrying out site monitoring following international standards, using sampling protocols in accordance with approved method statements.

Block A will be composed of 18 two-and three-bedroom units with panoramas, while Block H will present a foreshore row of terraced units on three levels with private lifts that offer views on the Mediterranean Sea.

There will be approximately 370 luxury apartments, served with a two-storey, double-height shopping mall covering 25,500 square meters, with space for underground parking, overlooking the Smart City Laguna, recreation areas and other amenities. “The Shoreline is considered as one of the largest private construction projects in Malta to date,” the developer says.

As these residences enjoy a Special Designated Area Status (SDA), they can be purchased by both EU and non-EU nationals with the same acquisition rights as Maltese citizens, and without the need to obtain Acquisition of Immovable Property (AIP) permits, as the press statement sent to BM says.

Polidano Group started works on The Shoreline Residence’s multi-purpose project at Ricasoli near SmartCity Malta in mid-May. Malta-based Polidano won a tender for the complete excavation of the site of the residential and retail project.

The post The Shoreline project announces two residential blocks first appeared on The Malta Business Weekly.

Citing its figures, the government says that Malta is home to approximately 13,000 UK nationals, out of whom 5,000 are in employment, all exercising their EU treaty rights.

Under the decision of the Maltese government, UK citizens “who are, or will be exercising their freedom of movement rights in Malta” until 29 March 2019 will be able to maintain their freedom of movement with the conditions outlined below:

• The residence document they currently hold as EU nationals will continue to be valid until a new document is issued reflecting their new immigration position;
• A new document will be issued in the format specified by Regulation 1030/2002 (the uniform EU document laying down the standard specifications for third-country nationals), as suggested by the European Commission;
• The application for a new residence document and the issue of the document will be free of charge;
• The new and special immigration status of such UK nationals shall be valid for a ten-year period.
• The document shall be renewed when it expires, providing the criteria continues to be met.

Government agency Identy Malta says it is committed to facilitating “matters to ensure a smooth and streamlined process for those in possession of a residence document as EU nationals and can prove that they were residing in Malta on the withdrawal date.”

The Maltese government says that UK nationals will have unrestricted access to the local labour market for ten years, and will be exempt from the need to hold an employment licence.

“The government has decided to give UK nationals moving to Malta after 29 March 2019 residence documents valid for ten years, as long as they satisfy established criteria. Fees currently applicable to third-country nationals will apply,” the entry on the government’s official website says.

The fact sheet published by the Maltese government with further details is available on their official website.

The post Maltese gov’t plans to maintain ‘free movement’ for UK nationals first appeared on The Malta Business Weekly.