The Malta Retirement Programme confers a special tax status to EU/EEA/Swiss nationals and Non-EU nationals in receipt of a pension constituting at least 75% of their chargeable income. Applicants are required to acquire property for not less than €275,000 or rent property for not less than €9,600 per annum and to have adequate health insurance covering the EU territory. Should the property be situated in Gozo or the South of Malta, the purchase value should not be less than €220,000 and the rental value should not be less than €8,750 per year. Applicants may not spend more than 183 days in a calendar year in any one foreign jurisdiction. Beneficiaries must spend in excess of 90 days per calendar year in Malta, averaged over a period of 5 years.

A 15 per cent rate of tax is charged in respect of foreign income received in Malta, with the possibility of claiming double tax relief. The minimum annual tax under this programme stands at €7,500, with an additional €500 per dependant and special carer, if any. A one-time administrative fee amounting to €2,500 is levied by the Malta Government.

Applicants can apply for the residence permit on the basis of their retirement in Malta.

An application for special tax status may only be submitted through an Authorised Registered Mandatory. EMD, as an Authorised Registered Mandatory, may assist you with your application for residency under this Programme as well as with any tax and compliance obligations related to the Programme.

For further information about the above Special Tax Programmes feel free to contact us on +35622030000 or send us an email on privateclients@emd.com.mt