The Malta Retirement Programme (MRP) is designed to offer retirees a peaceful and rewarding life in one of Europe’s most desirable locations. With its sunny climate, world-class healthcare, and advantageous tax regime, Malta is an ideal destination for retirees seeking both relaxation and financial security.

This programme is tailored for EU, EEA, and Swiss nationals who receive a pension as their primary source of income. Beneficiaries enjoy a flat tax rate of 15% on income remitted to Malta, with the opportunity to optimise their overall tax obligations. The programme also grants EU residency status, providing access to Malta’s services and the freedom to travel within the Schengen Zone.

Key Benefits of the Malta Retirement Programme

• Favourable Tax Treatment: Beneficiaries pay a flat tax rate of 15% on pension and other income remitted to Malta, subject to a minimum annual tax of €7,500 plus €500 for each dependent.
• EU Residency and Schengen Access: Enjoy unrestricted travel within the Schengen Zone while benefiting from residency in Malta, an EU member state.
• Family Inclusion: The programme allows spouses, children, and dependent parents to benefit from the same residency status, making it ideal for family-oriented retirees.
• No Wealth Tax: Malta does not impose inheritance tax, wealth tax, or capital duty, making it a tax-efficient destination for retirees.

Eligibility Requirements

To qualify for the Malta Retirement Programme, applicants must meet the following conditions:

• Receive a Pension: The majority of the retiree’s income must come from a pension or similar retirement fund.
• Property Requirement: Applicants must either own or rent property in Malta or Gozo. The minimum property purchase requirement is €275,000 in Malta and €250,000 in Gozo or the south of Malta. For rentals, the minimum annual rent must be €9,600 in Malta or €8,750 in Gozo.
• Health Insurance: Comprehensive health insurance covering all risks within Malta and the EU is mandatory.
• Fit and Proper Person Test: Applicants must pass a due diligence check to ensure they have no criminal history and are deemed suitable by the Maltese authorities.

Ongoing Obligations

• Annual Tax Filing: Beneficiaries must file annual tax returns and maintain compliance with Maltese tax regulations.
• Maintain Property Ownership or Lease: The property requirement must be maintained for the duration of the programme.
• Minimum Tax Payment: The minimum annual tax obligation must be met to retain the benefits of the programme.

How FACT Can Help You

At FACT, we provide end-to-end support to ensure a seamless application process and ongoing compliance with the Malta Retirement Programme. Our services include:

• Initial Eligibility Review: We evaluate your financial and personal situation to ensure you meet the criteria for the programme.
• Property Assistance: Our team helps you find and secure the right property, whether for purchase or lease, that meets the programme’s requirements.
• Documentation Preparation: We assist with compiling and preparing all necessary documents, including proof of pension income, property contracts, and health insurance coverage.
• Application Submission and Follow-Up: We handle the application submission, monitor its progress, and address any issues that arise.
• Ongoing Compliance Support: Our experts provide guidance on annual tax filings, renewals, and any updates to your residency status.

Why Retire in Malta?

Malta’s Mediterranean climate, rich history, and welcoming community make it an ideal destination for retirees. With a well-regulated economy, exceptional healthcare, and proximity to other EU countries, Malta offers a high standard of living and financial peace of mind.

Let FACT Guide You to a Secure Retirement

With our expertise, you can enjoy a stress-free transition to retirement in Malta. Contact FACT today to begin your journey toward an optimised, comfortable, and secure retirement under the Malta Retirement Programme.