Malta Retirement Programme
The Malta Retirement Programme was set up to attract EU/EEA and SWISS nationals to reside in Malta for a minimum period per year and remit their high net worth pensions to Malta and be granted a special tax status.
Eligible applicants could not hold residency for more than 183 days within another jurisdiction and have the option to either rent or purchase a property with minimum requirements and possess a health insurance cover. The tax benefit was a flat 15% tax rate on the pension remitted to Malta with a minimum threshold of €7,500 tax payable yearly for the main beneficiary plus €500 for each dependant.
Other advantages for retiring in Malta
Climate
Malta has a warm climate all year round with short mild winters and enjoys 230 days of sunshine with average daily temperatures of 19’C going down to 10’C at night making it very popular for outdoor activities.
Easy Travel
Located within close proximity of mainland Europe, Malta holds one of the strongest passports in the world offering easier and free travel movement within the Schengen Zone and visa free travel to 198 countries and territories worldwide.
Economy
Malta has a thriving and stable economy driven mainly by Tourism, Real Estate, Financial Services, and Online Gaming. With a recorded GDP growth of 6% in 2024, it is projected to grow further and be one of Europe’s leading economies in the coming years.
Investment Opportunities
Malta has low sales taxes on Real Estate with a 15% final withholding tax on Rental Income making it ideal for pensioners to invest in Buy to let properties.
Quality of Life
Malta offers a Mediterranean Island lifestyle with a slow pace of life. It has an average cost of living which is considered to be low when compared to other European countries with low tax rates and no council tax or rents. Malta is consistently ranked as one of the safest countries to live in the world with a low crime rate.
Health
Malta boasts of having the most accessible and world renowned health care system
Language
English is also spoken in Malta being the second official language making it easier for expats to communicate.
Links
Malta Property Buying Process – Fees & Taxes here
View Lifestyle (SDA) Properties For Rent here
View Villas and Properties with pool For Rent here
View Lifestyle (SDA) Properties For Sale here
View Villas and Properties with pool For Sale here
Need help with Residency Application or Looking for a specific property contact us here
