Citizenship and Residence Schemes

Malta Retirement Programme

Malta’s warm climate, ideal location in the middle of the Mediterranean sea, and its status as a safe country, have long made it an attractive retirement location. These rules are thus meant to provide further incentives for individuals wishing to retire in Malta with a certain peace of mind.

Benefits:

Pay tax at a flat rate of 15%

Requirements:

The applicant must:

  • Be an EU/EEA/Swiss national, excluding Maltese nationals
  • Pay a minimum amount of €7,500 in annual tax. An additional €500 is to be paid annually for every dependent and every special carer engaged. Tax is to be paid by the 30th of April of the year immediately preceding the relevant year of assessment (or before the special tax status is granted if the year of the grant of the tax status starts before the 30th April)
  • Receive a pension in Malta constituting at least 75% of his chargeable income. The applicant may therefore only generate up to 25% of his total chargeable income from additional income. In order to benefit from this scheme, the applicant cannot remain in employment and any additional income derived must be from non-executive posts only
  • Purchase or rent property in Malta or Gozo with the following minimum values:
Owned
Immovable property situated in Malta €275,000
Immovable property situated in Gozo or the south of Malta €220,000
Rented
Immovable property situated in the north of Malta €9,600 per annum
Immovable property situated in Gozo or the south of Malta €8,750 per annum
  • Pay a one-off non-refundable administrative fee of €2,500
  • Not be benefiting under any other Maltese residence scheme
  • Be in possession of a valid travel document
  • Be in possession of sickness insurance in respect of all risks across the whole of the EU normally covered for Maltese nationals for himself and his dependents
  • Not be domiciled in Malta and does not, within 5 years from the date of application, intend to establish his domicile in Malta
  • Reside in Malta for a minimum of 90 days in each calendar year averaged over any 5-year period, and must not reside in any other jurisdiction for more than 183 days in any calendar year during which the programme is availed of
  • Be a fit and proper person

The applicant may lose his status as beneficiary:

  • if, at any time, after the appointed day, he does not hold a property meeting the required criteria
  • if he becomes a Maltese national or a third country national
  • if he fails to receive in Malta all the pension indicated above
  • if, after the appointed day, he is not in possession of sickness insurance as indicated
  • if he establishes his domicile in Malta
  • if he acquires a permanent residence certificate
  • if his stay is not in the public interest
  • if he resides in Malta for less than 90 days a year averaged over any five-year period
  • if he stays in any other jurisdiction for more than 183 days in a calendar year

Registration under the Malta Retirement Programme must be done through a Registered Authorised Mandatary. GTG Advocates is registered to provide such services and can assist you and apply on your behalf.

Should you require additional information or if you have any queries on the Malta Retirement Programme, kindly get in touch with us on info@gtgadvocates.com