Retirement Program

The Malta Retirement Program is aimed at attracting EU/EEA and Swiss nationals who are in receipt of a pension as their regular source of income and who are not in an employment relationship, yet may hold a non-executive post on a board of a company resident in Malta. The beneficiary under this program is not allowed to be employed by the company. Other roles and activities relating to institutions and bodies of persons of a public character, which are engaged in philanthropic, educational or research and development work in Malta may be partaken by the said individual.

 Who may apply for this program?

  • EU/EEA/Swiss nationals
  • The applicant must own/purchase immovable property in Malta as their principle place of residence world wide worth a minimum of Eur 275,000, or Euro 250,000 if the property is situated in Gozo; alternatively one may lease the property for not less than Eur 9,600 per annum if the property is in Malta or Eur 8,750 if the property is situated in Gozo.
  • The applicant must have applied for a Registration Certificate in Malta in terms of the Free Movement of European Union Nationals and their Family Members Order and a copy of the acknowledgement or Residence Card/Document is to be submitted with the application.
  • The applicant must be in possession of a valid travel document, certified proof of which is submitted together with the application. 
  • The applicant must also be in possession of health insurance which covers himself/herself and his/her dependents in respect of all risks across the whole of the EU normally covered for Maltese nationals.
  • The individual must not be domiciled in Malta and must not intend to establish his domicile in Malta within five years from the date of application.
  • The applicant must satisfy the fit and proper test
  • The applicant must not reside in any other jurisdiction for more than 183 days in a Calendar Year
  • The applicant must reside in Malta for at least 90 days per year
  • The applicant must be in receipt of a pension.

Tax Treatment

The individual shall be subject to a flat rate of 15% on any pension that is received in Malta from foreign sources. The pension received in Malta must constitute at least 75% of the individual’s income, and therefore only 25% of one’s income may be generated from other allowable sources as aforesaid. The minimum amount of tax payable shall be that of Eur 7,500 and a further Eur 500 for each dependent.

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