Retirement in Malta

Forbes has listed Malta among the top 15 countries to retire in. Malta’s popularity is based among others on the mild winters and an abundance of sunshine and also that it is a few hours’ flying time from mainland Europe. Other favourable points are the very low crime rate, rich history and picturesque scenery.

The health care system in Malta is backed up by high qualified doctors and professional support staff while English is the official language of Malta, together with Maltese making it very easy to communicate with locals.

Malta has in place ‘The Malta Retirement Programme’, which is a programme designed to attract nationals of the EU, EEA and Switzerland who are not in an employment relationship and are in receipt of a pension as their regular source of income. Tax shall be a flat rate of 15% on the gross pension that shall be chargeable to tax in Malta. There is a minimum tax liability of €7,500 per annum which is increased by €500 for each dependent.

Malta also has an extensive double taxation treaty network with other countries, which presently exceeds 60 countries.

For further information on taxation in Malta contact us by email here.