As retirement arrives, many seniors seek out a haven where they can savour their post-work years in comfort, surrounded by a pleasant climate and opportunities for relaxation and adventure. And Malta is one of those countries that matches all the criteria listed above.
In this guide, we’ll explore the various pathways available for retirees looking to make Malta their home, along with the considerations that come with each option.
Why Choose Malta for Retirement?
Making Malta your retirement destination comes with some beneficial perks, both economically and culturally. Find out more about Why Malta should be the go-to destination for your retirement.
Discover Malta’s Retirement Program
Malta presents four distinctive retirement programs designed to fulfil various needs and preferences. Each program has its own criteria, ensuring retirees can find the ideal fit for their lifestyle and goals.
Note: As we often remind readers, EU/EEA and Swiss nationals can retire to Malta or any other European Union country without requiring any form of visa or residency permit. See our guidance for Ordinary Residency for EU citizens for more information. However, the Malta Retirement Program is unique in that it also applies to EU/EEA and Swiss nationals who are not employed, receive a pension, and have through this programme the benefit of paying a reduced tax rate on the income they receive.
Malta Retirement Program (MRP)
The Malta Retirement Program (MRP) caters to EU/EEA/Swiss nationals and non-EU individuals aged fifty-five or above seeking retirement in Malta. Participants can obtain a five-year residence permit, provided they meet specific criteria:
- Minimum annual income of €12,700, with 75% derived from an approved pension.
- Permanent residence through property ownership or long-term lease, meeting specified value thresholds.
- Owning a property up to €275.000 / Or renting a property – €9.600 total year
- Tax benefits: A flat 15% tax rate on foreign income received in Malta, with a minimum annual tax liability of €7,500.
- Must spend not more than 183 days in a calendar year in any one other foreign jurisdiction and must spend in excess of 90 days per calendar year in Malta averaged over a period of 5 years
- A non-refundable administrative fee of €2.500
Requirements & documentation to apply for the MRP
Documentation for the application process needed are:
- Certified passport photos
- A valid travel document;
- Birth certificate & marriage/divorce certificate (when applicable)
- Police conduct certificate from the country of origin
- Sworn affidavit
- Proof of pension
- Health insurance policy
- A purchase/lease agreement in Malta
Furthermore:
- The applicant must hold health insurance applicable in Malta.
- They must also be able to communicate in English or Maltese.
- And finally, the applicant cannot benefit from any other programs.
For a better understanding of the process, feel free to check the necessary documents that provide a complete guideline for retirees.
Optional Programs to Retire in Malta Through Investment
- Read more about the Global Residence Program (GRP).
- Malta’s Exceptional Investor Naturalization (MEIN)
Note: The Malta Individual Investor Programme (MEIN) offers retired individuals the opportunity to gain Maltese citizenship through a direct investment ranging from €600,000 to €750,000, purchase or rent property in Malta meeting specified financial thresholds, and contribute a minimum of €10,000 to an NGO.
Read more about Maltese Citizenship by naturalization for exceptional services by direct investment.
- Read more about the Malta Permanent Residence Program (MPRP)
Where to Retire in Malta
Finding your dream area in Malta is a simple task. Begin by identifying your priorities, whether you love a rich cultural area, proximity to the sea, a more vibrant nightlight or access to healthcare facilities. Once you’ve pinpointed your main considerations, explore the various options available. Here are our suggestions:
- Sliema: A coastal town renowned for its scenic views and lovely atmosphere.
- St. Julian’s: Known for its nightlife and leisure options, including beaches and cultural sites.
- Mellieha: A peaceful residential area boasting stunning sea views and a close-knit community.
- Gozo: A real island retreat with beautiful landscapes and a traditional way of life.
- Valletta: The capital city offers a little bit of everything, historical charm, cultural attractions, and modern amenities.
Conclusion
The available retirement programs in Malta make life easier for those who want to start a new chapter with confidence, in a completely new country. With all the benefits it offers, this program has some restrictions you need to be aware of.
Important Note: The Malta Retirement Programme residence permit does not allow you to work or set up business in Malta. This program does not lead to Malta (EU) citizenship / the Malta (EU) passport
