
Retire In Malta

Eligibility Criteria
1. Pension Income: Applicants must receive a pension that constitutes at least 75% of their total chargeable income. This pension must be remitted to Malta and supported by documentary evidence. 2. Property Requirements: Applicants must own or rent qualifying property in Malta:- - Purchase: Minimum value of €275,000 in Malta or €220,000 in Gozo or the south of Malta. - Rental: Minimum annual rent of €9,600 in Malta or €8,750 in Gozo or the south of Malta. 3. Residency Requirements: Must reside in Malta for at least 90 days per year, averaged over five years. Cannot reside in any other single jurisdiction for more than 183 days in a calendar year. 4. Health Insurance: Applicants and their dependents must have comprehensive health insurance covering Malta and the EU. 5. Clean Criminal Record: Applicants must provide a police conduct certificate demonstrating a clean criminal record. 6. Non-Domiciled Status: Applicants must not be domiciled in Malta and must not intend to establish domicile in Malta within five years from the application date. 7. Tax Obligations: A flat tax rate of 15% applies to foreign income remitted to Malta, with a minimum tax liability of €7,500 per year. An additional €500 per year is required for each dependent. 8. Other Conditions: Applicants must not benefit from other Maltese tax programs. Employment in Malta is generally not permitted, though holding non-executive posts on the board of a Maltese company is allowed.

Application Process
1. Engage an Authorized Mandatory: Applicants must appoint an Authorized Registered Mandatory to handle the application process. 2. Submit Application: Complete the application form and submit it along with the required documentation, including proof of pension, property ownership or rental, health insurance, and a police conduct certificate. 3. Pay Application Fee: A non-refundable application fee of €2,500 is required. 4. Receive Letter of Approval: If the application is successful, the applicant will receive a letter of approval in principle, valid for 12 months. 5. Satisfy Remaining Conditions: Before final approval, applicants must provide evidence of meeting all program requirements, including payment of the minimum tax and fulfillment of property and insurance obligations.

More Information
For more detailed information and to begin the application process, you can visit the official Malta Retirement Programme page provided by the Commissioner for Revenue.

Malta Retirement Programme
The Malta Retirement Programme (MRP) is a programme designed to attract nationals of the EU, non EU nationals, EEA and Switzerland who are not in an employment relationship and are in receipt of a pension as their regular source of income. Individuals benefitting from this Programme may hold a non-executive post on the board of a company resident in Malta. This implies that the beneficiary would be prohibited from being employed by the company in any capacity. Such individuals may also partake in activities related to any institution, trust or foundation of a public character and any other similar organisation or body of persons, which are also of a public character, that is engaged in philanthropic, educational or research and development work in Malta.
Guidance notes on these provisions are available by here.