Retire in Malta with tax-efficient living
Why choose the Malta Retirement Programme?
The Malta Retirement Programme (MRP) offers retirees a unique opportunity to take up residence in one of Europe’s most picturesque and welcoming destinations. Combining tax efficiency with a high quality of life, Malta is quickly becoming the preferred choice for retirees worldwide.
With the MRP, you’ll benefit from:
- A flat 15% tax rate on your pension income remitted to Malta.
- Minimal tax commitments – just €7,500 annually for the beneficiary and €500 for each dependent.
- Flexibility for retirees of diverse nationalities, including third-country nationals, offering a tailored approach to retirement.
- Year-round sunshine, rich culture, and a thriving expat community.
Malta isn’t just a destination – it’s a lifestyle. Discover a sunny, serene, and financially smart way to retire with the Malta Retirement Programme (MRP).
Are you eligible for the
Malta Retirement Programme?
To benefit from the MRP, you need to meet the following criteria:
What are the tax obligations
under the MRP?
The Malta Retirement Programme offers unparalleled tax benefits for retirees, making it a standout option for those seeking tax-efficient living. Overall, the MRP offers retirees:
Flat 15% Tax on Pensions
Global pension income remitted to Malta will be taxed at a competitive flat rate of 15%.
Minimum Tax Payable
The minimum annual tax is €7,500 for the beneficiary, accompanied by an additional €500 per dependent.
No Tax on Foreign Income Not Remitted to Malta
Any foreign income or capital gains not brought into Malta will not be subject to Maltese tax.
Moreover, there is no tax on capital gains or inheritance for those who establish residency under the MRP. This means you can enjoy your retirement savings without worrying about hefty taxes eating into your funds.
However, it’s important to note that if you have any local Maltese source income, such as rental income from property in Malta, that will be taxed at the normal rates up to a maximum of 35%. It’s also crucial to keep thorough records and declare all sources of income to the Maltese tax authorities.
Secure a financially savvy retirement in a tax-friendly haven.
How RHJ Law can help
Navigating the application process can be complex, but that’s where we come in. RHJ Law is here to simplify the process, offering dedicated and expert support every step of the way.
Personalised eligibility assessment
Unsure if you qualify? We’ll walk you through the requirements and confirm your eligibility.
End-to-end application assistance
From paperwork to ensuring compliance, we’ll handle it all.
Tax planning and advice
We’ll help you maximise the tax advantages of your retirement in Malta.
Local guidance
With our deep knowledge of Maltese regulations and culture, you’ll feel informed and confident about your move.
Malta
Centris Business Gateway Level 2M, Triq Is-Salib Tal-Imriehel, Central Business District Zone 3, Birkirkara CBD3020
Lisbon, Portugal
+351 217503119
RHJA Accountants Lda, R. Hermano Neves 18, Piso 3, Escritório 7, V5109, 1600-477 Lisboa
Porto, Portugal
+351 220280143
RHJA Accountants Lda, Sitio Work – Costa Cabral, Rua de Costa Cabral 2066, 4200-217 Porto
Dubai, UAE
+971 42239633
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London, UK
+44 207 692 7006
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Sheffield, UK
+44 114 227 0070
The Quadrant, 99 Parkway Avenue, Sheffield, S9 4WG