€ 275 000 If in Malta
€ 250 000 If in Gozo
€ 9 600 per year if in Malta
€ 8 750 per year if in Gozo
Applicants must be in receipt of a pension as supported by documentary evidence, all of which is received in Malta and constitutes at least 75% of the beneficiary’s chargeable income.
Applicant must reside in Malta for not less than 90 days a year, averaged over any five year period. He may not stay in any other jurisdiction for more than 183 days in a calendar year.
Applicant must be in possession of health insurance in respect of all risks across the whole of the EU normally covered for Maltese nationals, for himself and his dependants
€ 2 500 is charged for each application
Tax is chargeable at the rate of 15% on any income arising outside Malta which is received in Malta by the beneficiary or dependent, with the possibility to claim relief of double taxation.
Minimum amount of tax payable in terms of this scheme for any year of assessment shall amount to €7,500 in respect of the beneficiary and €500 per year for every dependent.
Income of a beneficiary or dependent not falling under the scheme, shall be charged as separate income at the rate of 35%
Applicant must not be domiciled in Malta and he does not, within five years from date of application, intend to establish domicile in Malta.