- EU/EEA/Swiss nationals only (excluding Maltese nationals)
- Tax rate: 15% on remitted pension income
- A minimum tax requirement: €7,500 per annum (+€500 per additional applicants)
- Property Requirements:
- Rent: €9,600pa
- Buy: €275,000
- Application Fee: €2,500
Any non-Maltese national, who is an EU/EEA/Swiss national, may apply for status under the Malta Retirement Programme (MRP).
Status under the Malta Retirement Programme entitles the tax resident to a flat rate of tax of 15% on any pension income arising outside Malta which is received in Malta, subject to a minimum tax of €7,500 (+€500 per dependent) per annum (after deduction of double taxation ).
Applicants under the Malta Retirement Programme must be resident in Malta for a minimum of 90 days a year, and you must not stay in any one other jurisdiction for periods amounting to 183 days or more in any calendar year.
Several conditions must be satisfied for a person applying for status under the Malta Retirement Programme. These include a qualifying property holding (rented for at least €9,600 per annum or purchased for at least €275,000), possession of valid sickness insurance and passing a “fit and proper” due diligence test. A lower threshold for the qualifying property holding is available for properties situated in Gozo or the south of Malta.
The pension income of the tax residency in Malta must constitute at least 75% of the person’s chargeable income and must be all received in Malta.
To apply for tax residency status under the Malta Retirement Programme, you must apply through an authorised registered mandatory (such as Papilio Services Limited). Furthermore, the applicant must pay a non-refundable government application fee of €2,500 upon application.
Download – Malta Retirement Programme Legislation [S.L.123.134]