Retire in Malta
In 2012, a scheme offering an attractive tax structure was specifically introduced
to address the needs of retirees called the Malta Retirement Programme.
In June 2013, the Global Residence Programme was introduced.
By virtue of Legal Notice 47 of 2014, The IIP Individual Investor
Programme of the Republic of Malta (IIP), allows for the granting of citizenship
by a certificate of naturalisation to individuals and their families who contribute
to the economic and social development of Malta. Malta is the ideal destination
for retirement. Besides all the advantages the island offers and its
excellent tax advantages, Malta boasts excellent health care facilities.
In 2000, the World Health Organisation rated the Maltese Health Care System as the
5th best system in the world . Since 2000 Malta’s health sector has excelled even
further with the opening of the government–run Mater Dei Hospital, a state of the
art public hospital, which opened its doors for the first time on the 29th June
2007.
Contrary to other retirement destinations that have recently hit the press with
potential bail out and debt issues, in January 2011, the International Monetary
Fund (IMF) lauded and praised Malta for its effective policy actions in ensuring
its stability and weathering the Global crisis relatively well. Malta's stability,
fiscal policy agreements, EU membership, its official language being English, and
its WHO top 5 rated health service highly differentiates Malta to other EU or Mediterranean
retirement locations.
Double taxation agreements with specific countries may also mean that retirees taking
on permanent residence in Malta may have their pensions remitted to them in Malta
free of income tax and then taxed at 15% in Malta.
With our vast experience in the field of retiring in Malta, we can offer you a tax-intelligent
plan for your private retirement finances. A large percentage of retiree and high-net-worth
clients already living in Malta, have utilised our specialised knowledge in these
niche to relocate and retire in Malta. Our professional relocation service ensures
that our clients enjoy the quality of life and tax advantages that Malta has to
offer.
Find out more about Malta by downloading the Visit Malta Guide in your preferred
language.