As a foreign resident of Malta you only pay tax on income received in or remitted to Malta.  With 0% capital gains on income outside Malta, 0% wealth tax, 0% inheritance tax, Malta is a particularly popular retirement destination, ranking second best country to retire in the International Living’s Global Retirement Index.

Besides the excellent climate, magnificent scenery, warm and friendly people, rich history, living in Malta is easy and affordable and there is a very low crime rate.

The health care system in Malta is top class backed up by high qualified doctors and professional support staff and almost everybody in Malta speaks in English.

Malta has Double Taxation treaties with many other countries. People from these countries who retire in Malta can have their pensions sent to them free of tax in their country of origin (*), and will only pay 15% tax on their pensions in Malta if they have permanent residence status OR should they opt for Ordinary Residence, tax is paid as a Maltese citizen, that is up to 35% tax, only on income remitted to or generated in Malta.  As a foreign resident of Malta, one does not pay tax on worldwide income.

(*) It should be noted that some of the treaties do not cover civil service pensions other pensions paid in respect of government services.

We recommend talking to a qualified tax or financial advisor before making any decisions.  MXP Malta collaborates with tax advisors who can provide you with a full knowledge of possibilities and advice on how you can best benefit during your retirement. We can also assist you in fulfilling the formalities for residency in Malta as well as personal advice, relocation information, and other services depending on your requirements. Furthermore, together with our team of property consultants in Malta we will also help you in finding the property and location of your liking and will guide you throughout the whole process, from beginning to end.  Contact us with your requirements.