The Malta Retirement Programme

Malta Retirement Programme

Malta is an ideal place for EU citizens to retire. Being a small Mediterranean island enjoying the typical beautiful Mediterranean sunshine , beautiful sand and rocky beaches and azure seas.Ai?? Moreover the hospitality of the Maltese is well known . English and


Italian together with Maltese are wildly spoken , Crime rates are amongst the lowest in Europe . All of this coupled with very attractive tax

Foreigners residing here are only taxed on income remitted to Malta and on any income earned in Malta. There is no tax on capital gains arising outside Malta, no wealth tax an no property tax regime for foreigners taking up residency , seeking to retire or doing business in Malta? All this makes Malta an extremely attractive destination.

Tax Treatment of the for individuals under the Malta Retirement Programme

In a nutshell under this programme an individual’s entire pension or pensions have to be declared in Malta and these pensions together have to make up at least 75% of the individual’s total chargeable income in Malta.

The chargeable tax rate is a flat rate of 15% on the gross pension/s subject to a minimum tax charge of €7500 per annum which increases by €500 per dependent. For married couples this minimum rate increases to €8000. Eligible persons must not be residing in Malta and cannot in any other jurisdiction for more than 183 days in any year and must also reside in Malta for a minimum of 90 days a year averaged over any five year period.

Application requirements

Applications can only be submitted through an Authorised Registered Mandatory .

Once an EU / EEA / Swiss national has acquired the right to reside in MaltaAi??one may also apply to be eligible for special tax status offered under the Malta Retirement Programme (MRP).

Documents required :

4 passport sized photographs (colour) for each applicant
Birth and Marriage Certificate
Copies of Passports
A Police Conduct Certificate in English
A declaration on Oath or a Solemn Declaration stating that the individual does not have any on going criminal or civil proceedings
Original Statement/s from the pension provider stating the full pension details
Health Cover ai??i?? this may be either by the transposition of EU Health rights via the S1(E121) or by having private medical healthcare
A non-refundable administrative fee of €2500

In order to qualify for the Malta Retirement Programme status, the applicant must either own property or lease property in Malta or Gozo. Lease must be taken for not less than a twelve month period and evidenced by a certified lease agreement submitted together with the application.

The minimum amounts are as follows:

Purchase of Property in Malta €275,000
Purchase of Property in Gozo €250,000
Lease of Property in Malta €9,600 annually
Lease of Property in Gozo €8,750 annually

Ciantar Associates are authorised as Registered Mandatory for the Malta Retirement Programme amongst other programmes.