Malta Retirement Programme
Malta and Gozo have been known as top retirement destinations for decades. The Mediterranean climate of the islands is a prominent and attractive feature for anyone seeking to retire. However, Malta also offers a high level of safety, an excellent healthcare system, tax benefits, and an appealing Mediterranean lifestyle. Topping it all is the fact that Malta is a bilingual country, and communicating in English makes moving to the island very smooth and easy
If you are seeking to retire in Malta, it is essential to familiarize yourself with the Malta Retirement Programme (MRP). Designed for EU/EAA/Swiss retirees seeking relocation to retire, the programme has some key benefits, including a flat tax rate of 15% on eligible foreign income remitted in Malta (subject to a minimum tax payment). Other income not remitted in Malta is not taxed.
Through the Malta Retirement Programme, retirees have access to high-quality healthcare through public and private systems and freedom to travel within the Schengen Zone provided that one resides in Malta for at least 90 days per year and is renting or has bought the property in Malta that is inline with the established minimum thresholds. Applicants cannot be employed in Malta but can hold non-executive positions in companies and must have a minimum pension income along with health insurance covering Malta and the EU.
Upon approaching us to apply for the Malta Retirement Program, we will start by conducting an eligibility assessment and reviewing financial status. With regard to the application preparation, we will handle all the paperwork, including tax residency declarations. Tax planning is also provided to ensure that you are optimizing tax benefits. Should the need arise, we will guide you with property assistance so you can purchase or rent the right type of qualifying property.
The Malta Retirement Programme is an attractive option, and at Pauliana Said Accountancy and Tax Consultants, you can rest assured our expertise in taxation, residency, and financial planning ensures peace of mind that all has been taken care of