Malta Retirement Programme
The Malta Retirement Programme (MRP) is 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. Individuals benefitting from this programme may hold a non-executive post on the board of a company resident in Malta. This implies that the beneficiary would be prohibited from being employed by the company in any capacity. Such individuals may also partake in activities related to any institution, trust or foundation of a public character and any other similar organisation or body of persons, which are also of a public character, that is engaged in philanthropic, educational or research and development work in Malta.
Malta Retirement Programme - Application requirements
Applications have to be submitted by an Authorised Registered Mandatory. Once the applicant has been granted a Registration Certificate, he or she may then apply for tax status within the MRP which benefits from a 15% tax rate.
- Applicants must be from an EU or EEA country, or a Swiss national.
- Individuals must receive a pension in Malta, which constitutes at least 75% of the beneficiary’s chargeable income.
- Must be covered by health insurance.
- Individuals benefitting from MRP status must not live in any other country for more than 183 days a year and must also reside in Malta for a minimum of 90 days a year averaged over a 5 year period.
- Individuals must own or rent a property in Malta or Gozo
- For purchase there is a minimum value of €275,000 for Malta and €250,000 for Gozo.
- For rentals there is a minimum annual value of €9600 for Malta and €8750 for Gozo. When renting there is also a minimum term required of 1 year which has to be supported by a copy of the lease agreement.