United Nations Pensions Programme (UNPP) in Malta

Property Requirement for the UNPP in Malta

In addition to the above, you must hold a qualifying property for a minimum of 5 years. You have the choice to either rent or purchase a property in Malta or Gozo.

If you decide the purchase the qualifying property, the value should be at least €275,000. If the property is in Gozo or the south of Malta minimum price will be €220,000 to satisfy the conditions.

If the qualifying property is rented, the minimum rent is €9,600 per annum. If the property is situated in Gozo or the south of Malta, the minimum rent is €8,750 per annum.

In all cases the property should be occupied by the applicant and your primary residence must not be shared with other persons except for his/her dependents, including spouse, parents, children and household staff.

Considerations for the United Nations Pensions Programme in Malta

On successful application to the programme, the applicant would qualify for a special tax status and therefore qualify for an exemption/15% flat tax rate. It should be noted that the minimum tax payable, regarding any income remitted, is €10,000 per annum. An additional €5,000 is payable regarding a spouse in receipt of a United Nations pension.

A person qualifying under the UNPP rules must not stay in any other jurisdiction for more than 183 days in any calendar year.

How much does the United Nations Pensions Programme Cost in Malta?

A non-refundable application fee of €4,000 (€3,500 if the applicant is settling in Gozo or the south of Malta) is payable to the Commissioner of Inland Revenue on application. Moreover, there is a minimum tax of €10,000 per annum.