Malta Retirement Programme
The Malta Retirement Programme offers special tax status to all nationals. The programme gives a 15% flat tax rate on any foreign pension income received in Malta. In 2020, this tax residence programme was opened to Non-EU nationals as well as EU citizens.
As Authorised Mandatories (ARM00905), we can help our clients obtain this special tax status. Contact us and we will arrange a residence planning consultation to understand your situation and start the application process for the Malta Retirement Programme.
Why Retire in Malta?
Requirements for the Malta Retirement Programme?
To be eligible for the Retirement Programme, and subsequently, it’s attractive tax status, you must:
What is the Application Process to Apply for the Malta Retirement Programme?
Step 1: Applicants must complete an application form and questionnaire ready to submit to the Maltese Government. This would be completed with guidance from the Authorised Mandatory. Moreover, there will be additional KYC documents required to be given to the Authorised Mandatory.
Step 2: After successfully completing the paperwork, the Authorised Mandatory will submit your documents to the authorities along with your non-refundable application fee of €2,500.
Step 3: The Maltese Government will check your documentation and conduct relevant interviews with the main applicant.
Step 4: If successful, the main applicant will receive a letter of approval in principle. This letter is valid for 12 months. To benefit from the Malta Retirement programme, you must provide evidence that:
Step 5: On the successful completion of the application process, the applicant would qualify for Retirement programme and subsequently benefit from 15% tax rate.
If your application is accepted, Maltese authorities will tax 15% on any income originating outside of Malta, which is received in Malta. However, any income issued in Malta is subject to tax at the standard rate. If you are planning on retiring in Malta, you are required to pay a minimum tax of €7,500 per annum and an additional minimum tax of €500 per dependent and carer.
Are you considering retiring in Malta? We are accredited agents through Identity Malta to offer this tax residency programme. Contact our team and we will arrange a residence planning consultation to discuss the conditions of the Malta retirement programme in more detail as well as answer any questions you may have.