Malta Retirement Programme

The number of people wishing to retire in a new country, with a favourable climate and also offering a good quality of life has increased. Malta is not only an attractive destination in itself but offers a specific programme for people wishing to do that. Offering a beneficial tax rate of just 15%, the Malta Retirement Programme has established itself as an attractive tax residence and retirement programme.

The Malta Retirement Programme (MRP) is a tax residence programme which provides a beneficial tax rate to individuals looking to retire in Malta. The MRP provides for a beneficial tax rate of 15% on foreign income which is received in Malta, subject to a minimum annual tax of €7,500. The individual's pension must be wholly received in Malta and must constitute not less than 75% of the total chargeable income.

In view of the fact that this is a tax residence programme, our tax team plays an essential role in advising clients who are looking to retire in Malta about the benefits of the MRP. Individuals who obtain tax residence in Malta through the MRP will be considered to be tax resident but not domiciled in Malta and therefore only taxable on remittances (and not on worldwide income). Our team at Seed ensures that all the conditions are satisfied in order to be certain that the application will be accepted, and the individuals may become resident, and benefit, through the MRP. Also, we support annual compliance to the programme. Benefits of the programme include:

  • Obtain a beneficial tax status in Malta at a rate of 15% on foreign which is received in Malta

  • Be taxed on a remittance basis of taxation and not on world-wide income

  • Retire in a warm climate which is proven to improve one's well-being

Reach Out

Feel free to get in touch should you want to speak to us or have any particular enquiries. We’re here to help.
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