Malta Retirement Program

Malta, a stunning Mediterranean archipelago, not only captivates visitors with its rich history and breathtaking landscapes but also offers an exceptional retirement program for individuals seeking tranquility and financial security in their golden years. With a range of benefits, straightforward requirements, and a streamlined procedure, retiring in Malta is an enticing prospect for those looking to enjoy their well-deserved retirement to the fullest.

Benefits

  1. Tax Incentives: One of the most attractive features of retiring in Malta is the favorable tax environment. Approved retirees enjoy a flat tax rate of 15% on foreign income remitted to Malta, subject to a minimum tax payment of €7,500 per year.

  2. Double Taxation Agreements: Malta has an extensive network of double taxation agreements with over 70 countries, ensuring that retirees are not burdened with excessive taxation on their global income.

  3. Low Cost of Living: Malta offers a relatively affordable cost of living compared to many European countries, making it an ideal choice for retirees looking to stretch their savings without compromising on quality of life.

  4. Healthcare Services: Renowned for its high-quality healthcare system, Malta provides retirees with access to excellent medical facilities and services. Additionally, Malta has reciprocal healthcare agreements with several countries, including the United Kingdom, allowing retirees to benefit from the National Health Service (NHS).

  5. Rich Cultural Heritage: Retiring in Malta means immersing oneself in a rich tapestry of history, culture, and traditions. With its ancient temples, UNESCO World Heritage sites, and vibrant festivals, retirees can indulge in a captivating and enriching lifestyle.

Malta Retirement Program
Eligibility Criteria

  1. Age: To qualify for the retirement program, applicants must be at least 61 years old.

  2. Financial Requirements: Retirees must prove that they have a stable and regular income sufficient to support themselves and their dependents without recourse to the Maltese welfare system. The minimum annual income required is €24,000 for a single applicant and an additional €5,000 for each dependent.

  3. Health Insurance: Applicants must possess comprehensive health insurance coverage, including hospitalization and repatriation.

How to apply?

  1. Application Submission: Prospective retirees need to submit an application to the Malta Residence and Visa Agency (MRVA) or engage the services of a licensed authorized representative.

  2. Documentation: Along with the application form, applicants must provide supporting documents, including a valid passport, evidence of stable income, health insurance coverage, and a police conduct certificate.

  3. Due Diligence Process: The MRVA conducts a thorough due diligence process, verifying the authenticity of the applicant's documents and assessing their background.

  4. Approval and Residence Permit: Upon successful completion of the due diligence process, the MRVA will issue a letter of approval. Retirees are then required to complete the necessary formalities, including payment of the program fees, before obtaining their residence permit.

  5. Relocation to Malta: Retirees must make arrangements to relocate to Malta within 12 months from the issuance of the residence permit.

  6. Ongoing Compliance: Approved retirees must adhere to the program's requirements, including the fulfillment of tax obligations, the maintenance of health insurance coverage, and the absence of criminal activities.

Retirement in Malta is not only about serene beaches and picturesque landscapes but also about financial stability and a high quality of life. With its retirement program offering favorable tax incentives, access to excellent healthcare, and a captivating cultural scene, Malta presents an ideal destination for retirees looking to embrace a fulfilling and secure retirement.

Our Guidance & Assistance

Through our dedicated experience in the field and building our dependable network over the years, we are confident in our abilities to successfully guide and support you through Citizenship and Residence programs.

Citizen Lane respects every client’s unique situation and will be able to discuss details in confidence. We will provide you with comprehensive advice and find the appropriate solution for you and/or your family. Visit us at our offices located in Malta, Austria, Germany, and Switzerland, or contact us by phone/email/contact form. Our team is ready to arrange a WhatsApp, Skype, or Zoom call with you.

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