CITIZENSHIP BY INVESTMENT BLOG

The Malta Retirement Program (MRP)

Welcome to our latest blog post, where we explore the Malta Retirement Program, a topic requested by several of our readers. The "Malta Retirement Programme" (MRP) is designed to attract retirees from the EU and non-EU countries to enjoy their golden years in this Mediterranean paradise. Let's look at the application requirements, benefits, and key details of retiring in Malta.

1. Application Requirements

To qualify for the Malta Retirement Program, applicants must meet the following criteria:

Age: The primary applicant must be at least 55 years old.
Malta Citizenship Application Steps
Employment Status: Applicants must not be employed in Malta. However, they are allowed to hold non-executive positions on the boards of companies, foundations, or other organizations.

Pension: Applicants must receive a pension that constitutes at least 75% of their total income chargeable in Malta. This pension must be transmitted to / received in full in Malta. Total income includes income derived from cash receipts, rental income, interest, dividends, and other sources if earned outside of Malta and brought into the country, or arising from activities inside Malta.

Property: Applicants must own or rent property in Malta. The property must have a minimum value of €275,000 (reduced to €220,000 if located in Gozo or the South of Malta) or be rented for at least €9,600 annually (reduced to €8,750 in Gozo or the South of Malta). Feel free to browse available real estate listings on our website.

Residency: Applicants must reside in Malta for at least 90 days per year on average over a five-year period and must not reside in another country for more than 183 days per year.

Health Insurance: Comprehensive health insurance is required.

Clean Criminal Record: A clean criminal record is mandatory.

Minimum Tax: Pension payments transferred to Malta are subject to a special reduced tax rate of 15%. Double-taxation agreements with other countries are in place to avoid your pension payments being taxed twice. A minimum annual tax of €7,500 is required, with an additional €500 per dependent.

2. Benefits of Retiring in Malta

Retiring in Malta comes with a multitude of benefits, making it an attractive destination for retirees:

Mediterranean Climate: Malta enjoys over 300 days of sunshine each year, offering a warm and pleasant climate.

High Standard of Living: Malta boasts a high standard of living, with excellent healthcare facilities, a low crime rate, and a rich cultural heritage.

Affordable Cost of Living: Compared to other European countries, Malta offers a relatively affordable cost of living, making it easier for retirees to enjoy a comfortable lifestyle.

English-Speaking Environment: English is widely spoken in Malta, which helps retirees adapt easily and communicate effectively.

Vibrant Expat Community: Malta has a large and welcoming expat community, providing ample opportunities for socializing and making new friends.

3. Important Note: Malta Citizenship / the EU Passport

While the Malta Retirement Program offers numerous benefits, it is important to note that that it does not grant Malta citizenship or an EU passport. For those who are interested in obtaining Malta citizenship (which includes the EU passport, enabling the holder to live, study, work, and retire in any European country), the Malta Citizenship by Investment Program is a distinct option that allows individuals to acquire citizenship through a substantial investment.

Conclusion

Malta is an idyllic destination for retirees seeking a sunny, relaxed lifestyle with numerous benefits. The Malta Retirement Program provides a straightforward and attractive option for those looking to spend their retirement years in this beautiful Mediterranean country. If you're considering retiring in Malta, we encourage you to explore this program further and take advantage of the unique opportunities it offers.

For more information or assistance with your application, feel free to contact our team. We're here to help you make the most of your retirement in Malta!


Because immigration by investment programs can change over time please contact us to speak with an advisor or to receive a preliminary quotation. The information provided in this blog post is intended for educational and informational purposes only. It should not be construed as legal or financial advice.



Click here for the Malta citizenship by investment program. Click here for the Malta residency programs.

To start the application process online please register here.

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