The Best Tips for Retiring in Malta: Your 2025 Checklist

Thinking of retiring in Malta? This beautiful Mediterranean island is a UK retiree’s paradise with year round sunshine, rich history and culture and a thriving expat community. With its laid back lifestyle, stunning scenery, and great quality of life, Malta has everything you need to live the dream.

In this guide, we’ll cover the essential tips for retiring in Malta, from navigating your residence options, the Malta Retirement Programme and the Global Residence Program to the affordable cost of living and the high quality healthcare system. Whether you’re looking for a quiet coastal village or a bustling city steeped in history Malta has a place for everyone. So Malta has it all. Now read on for your 2025 to-do list

1. Why Retire in Malta?

Malta is a Mediterranean island that boasts a climate characterised by hot summers and mild winters, making it a paradise for retirees seeking year-round warmth. The pleasant weather ensures that you can enjoy outdoor activities and the beautiful scenery throughout the year, contributing to a healthy and active lifestyle.

Beyond its climate, Malta is renowned for its rich cultural heritage. The island is dotted with historical sites, traditions, and festivals that enrich the retirement experience. Imagine exploring ancient temples, attending vibrant local festivals, and immersing yourself in the Maltese way of life. The cultural vibrancy adds a unique flavour to everyday living, making every day an adventure.

One of the significant benefits of retiring in Malta is its thriving expat community. Retirees will find a vibrant and welcoming network of like-minded individuals who have chosen to call Malta home. This community provides ample opportunities for social interaction and support, ensuring that you never feel isolated or lonely. Whether you are looking to make new friends or find support for your transition, the expat community in Malta has got you covered.

Living standards in Malta are exceptional, offering retirees a good quality of life with access to modern amenities and stunning surroundings. From healthcare facilities to shopping centres, everything you need is within reach. The combination of high living standards and a picturesque environment makes Malta an attractive destination for those looking to enjoy their golden years in comfort and style.

2. Residence Options for Retirees

When considering retirement in Malta, one of the first steps is understanding the various residence options available. Retirees have several pathways to secure their stay in this beautiful island nation, each tailored to different financial circumstances and duration of stay. Whether you are looking to invest in property or rely on your pension income, Malta offers flexible residence options to suit your needs

The main residence options include the Malta Retirement Programme (MRP), the Malta Permanent Residence Program (MPRP), and the Global Residence Program (GRP). Each program comes with its own set of requirements and benefits, catering to different types of retirees. Factors such as financial stability, tax residency status, and the desired duration of stay will influence your choice.

Each of these options is worth exploring in detail.

Malta Retirement Programme (MRP)

The Malta Retirement Programme (MRP) is the official scheme designed by the Maltese government to attract retirees from non-EU countries. If you are a third-country citizen aged 55 or older and receiving a pension, the Malta retirement program could be your gateway to a serene retirement in Malta.

Qualifying for the MRP requires investing in property, either through purchasing a home valued between €220,000 (£185,718) and €275,000 (£232,192) depending on the location) or renting a property with an annual rent ranging from €8,750 (£7,387) to €9,600 (£8106). Additionally, you need to demonstrate a stable pension income and make a financial contribution to the Maltese economy. Once accepted, the residence permit granted under the MRP is valid for five years and can be renewed.

Participants in the MRP must also comply with annual requirements, such as confirming their rental conditions to maintain their permanent residency status. This ensures that retirees continue to meet the program’s criteria throughout their stay in Malta.

Malta Permanent Residence Program (MPRP)

The Malta Permanent Residence Program (MPRP) is another attractive option for retirees seeking a long-term stay in Malta. This program is designed to attract high-net-worth individuals and their families who meet specific investment criteria. Successful applicants are granted permanent residency without the need for renewal, offering a sense of stability and security.

Applicants qualify for the MPRP by investing in Maltese real estate, either purchasing property valued at a minimum of €300,000 (£253,335) in Southern Malta or Gozo, or €350,000 (£295,557) in other areas of Malta. Alternatively, a five-year lease with an annual rent of at least €10,000 (£8,444) in Southern Malta/Gozo or €12,000 (£10,133) in other parts of Malta can also qualify. Proof of financial stability and a minimum duration of property investment for five years are required.

Family members, including spouses, children, parents, or grandparents, can be included in the permanent residence application under the MPRP, although additional fees apply. The program also allows applicants to spend up to nine months outside Malta each year, providing flexibility for those who wish to travel frequently.

Global Residence Program (GRP)

The Global Residence Program (GRP) is tailored for non-EU nationals looking for a flexible residency option in Malta. Applicants must demonstrate a stable income, health insurance, and proof of accommodation to qualify. This program offers a five-year residence permit, which is renewable, allowing retirees to enjoy their stay in Malta with peace of mind.

The GRP is particularly beneficial for retirees who have secure income sources outside Malta, providing them with a straightforward path to residency. Meeting the program’s requirements allows retirees to live in Malta without major property investments.

3. Cost of Living in Malta

One of the most appealing aspects of retiring in Malta is its relatively low cost of living compared to other European countries. Overall living expenses in Malta are approximately 18.6% lower than those in the UK, making it an attractive destination for retirees seeking financial stability. From groceries to transportation, the cost of living in Malta is manageable and affordable.

For retirees, the recommended amount to live comfortably in Malta is between €2,000 (£1688) to €2,500 (£2111) a month. This budget covers essential living costs, including housing, food, healthcare, and leisure activities. The average monthly cost for one person living in Malta is around €1,388 (£1172), which is significantly lower than many Western countries.

Rental Costs

Understanding rental costs is crucial for budgeting as a retiree in Malta. Inexpensive one-bedroom apartments can start at around €350 (£295) per month, offering a cost-effective living arrangement for those looking to manage their expenses. Valletta, the capital city, offers even lower rental costs, being 225.4% less expensive than New York.

When planning your retirement, it’s essential to consider the annual rent and other associated living costs. Malta offers a range of rental options from budget-friendly apartments to more luxurious accommodations, allowing retirees to find a home that fits their lifestyle and budget.

Healthcare Costs

Healthcare costs are another important consideration for retirees. Private health insurance premiums for seniors in Malta range from €150 (£126) to €250 (£211), providing access to quality healthcare services without breaking the bank. Malta’s healthcare system is ranked as the 5th best globally by the World Health Organisation, ensuring that retirees receive top-notch medical care.

Understanding healthcare expenses is crucial for planning a comfortable retirement. With relatively low costs for private health insurance and high-quality healthcare facilities, Malta offers a reassuring environment for retirees to enjoy their golden years.

4. Healthcare System in Malta

Malta’s healthcare system is one of the best in the world, ranked 5th globally by the World Health Organisation. This high ranking reflects Malta’s commitment to providing excellent healthcare services to both its citizens and residents. The public healthcare system is financed through taxes, offering free medical services to citizens and EU residents.

The island boasts a network of eight public hospitals and numerous private clinics, ensuring that medical care is always accessible. Emergency medical services are reliable and can be quickly accessed by dialling 112, with response times generally under 20 minutes. For those who prefer faster treatments and services, private health insurance is available and provides access to private hospitals.

Most medications can be acquired over-the-counter at widely accessible pharmacies across Malta. The healthcare infrastructure continues to improve through partnerships with international healthcare organisations, ensuring that retirees receive the best possible care.

5. Tax Considerations for Retirees

you need to live there for over 183 days. This is a key requirement for residency status. Tax residency determines where you live primarily for tax purposes. One of the significant benefits of Malta’s tax regime is that foreign-source income not sent to Malta is not taxable.

For retirees, the tax rate on foreign income remitted to Malta is 15 per cent, with a minimum annual tax contribution of €15,000 (£12,664) if they remit income to Malta. Malta offers double taxation relief, preventing expatriates from being taxed in both Malta and their country of income origin. Under the Malta Retirement Programme, retirees pay a 15% tax on pensions remitted to Malta.

US citizens and other expatriates, including third country citizens, must submit appropriate declarations to claim tax correctly in Malta, taking advantage of the favourable tax regime that appeals to many retirees and paying taxes properly.

6. Best Places to Retire in Malta

Selecting the perfect location to retire in Malta is a delightful task, with several charming towns and regions to choose from. The northern region of Malta is particularly popular among retirees due to its urban lifestyle and proximity to modern amenities. The strategic location of Malta also makes it easy for retirees to travel to other European destinations.

Places like Gozo offer a serene environment and slower pace of life, while areas such as Sliema and St. Julian’s provide a lively ambience with stunning coastal views. Whether you prefer the hustle and bustle of city life or the tranquillity of a peaceful town, Malta has something to offer for every retiree.

Sliema

Sliema is recognised for its stunning seaside promenade and variety of local amenities. The picturesque views, lively atmosphere, and coastal charm make it an appealing location for retirees looking to enjoy the best of what Malta has to offer. Many British citizens ex-pats reside in Sliema, contributing to its vibrant expat community

St. Julian’s

St. Julian’s is known for its vibrant nightlife, beautiful beaches, and cultural attractions. The area offers a dynamic lifestyle with numerous bars, clubs, and entertainment venues that attract a diverse crowd. For retirees who enjoy an active social life, St. Julian’s provides the perfect mix of leisure and excitement.

In addition to its lively nightlife, St. Julian’s is home to stunning beaches and notable cultural landmarks like Spinola Palace. The combination of natural beauty and cultural richness makes St. Julian’s a sought-after destination for retirees.

Mellieha

Mellieha is known for its stunning views of the Mediterranean Sea, peaceful atmosphere, and strong community feel. The town’s welcoming community and family-friendly environment make it an attractive option for retirees who value a sense of belonging and tranquility.

Gozo

Gozo is famous for its stunning landscapes and historic landmarks. It is also known for its traditional ways of life.

This small island offers a peaceful atmosphere perfect for retirees looking to escape the hustle and bustle of city life.

Attractive locations in Gozo include:

• Victoria
• Zebbug
• Rabat
• Mdina

Each location offers a unique blend of rich history and culture.

With easy accessibility from Mellieha via a short drive and ferry ride, Gozo is an ideal spot for those who appreciate peace and a rich historical backdrop.

7. Purchasing Property vs. Renting

When deciding whether to purchase property or rent in Malta, several factors must be considered. Renting is often quicker and more flexible, taking only about two weeks compared to the three months typically needed to purchase a property. This can be particularly advantageous for those who want to settle into their new home without delay.

For those interested in purchasing property, the minimum price for a home in the south of Malta or Gozo is €300,000 (£253,285) while in the northern regions, it is €350,000 (£295,499). Non-EU citizens need to obtain an Acquisition of Immovable Property Permit (AIP) to buy property in Malta. However, properties in Special Designated Areas (SDA) can be purchased without needing an AIP permit, adding a layer of convenience.

Purchasing property can provide stability and potential investment growth, making it an attractive option for many retirees. On the other hand, renting offers lower initial costs and greater flexibility, allowing retirees to adapt more easily to their new environment. Both options have their merits, and the decision ultimately depends on individual preferences and financial circumstances.

8. Financial Planning for Retirement

Financial planning is crucial for ensuring a stable and enjoyable retirement in Malta. UK retirees, in particular, should consider consulting a financial adviser familiar with international finance for tailored advice. Using regulated financial advisors ensures compliance and protection when planning for retirement abroad.

Maintaining foreign bank accounts can provide flexibility and ease in accessing funds while living in Malta. The Global Residence Program is beneficial for retirees with secure income sources outside Malta, offering a straightforward path to residency.

Proper financial planning is essential to make the most of your retirement years and ensure a worry-free experience.

9. Integration and Lifestyle

Integrating into Maltese society and enjoying the local lifestyle is an exciting part of retiring in Malta. The local population is welcoming and friendly, enhancing the experience for expatriates. Engaging with local festivals and exploring Maltese cuisine are excellent ways to immerse yourself in the culture and traditions of your new home.

Joining expat groups can provide support and help in making connections with both locals and other expatriates. Participating in community events further enhances your integration into Maltese society, making you feel at home more quickly.

Places like St. Julian’s offer a variety of leisure activities, dining options, and cultural sites, making it a popular spot among retirees.

10. Legal Requirements and Documentation

Applying for a temporary residence permit in Malta necessitates specific documentation. You must provide proof of a clean criminal record. Additionally, you need to show proof of income and proof of health insurance. The processing time for a temporary residence permit application can take up to three months, so it’s important to plan ahead.

Residency applications are processed through the agency Identità, which ensures that all legal requirements and documentation are in order. Ensuring you have all the necessary paperwork will make the transition to your new home in Malta smoother and more straightforward.

11. How to Move Personal Belongings and Pets

Moving your personal belongings and pets to Malta requires careful planning and consideration. Personal items can be shipped to Malta without import duties if they have been used for a minimum of six months before departure. Clearing customs requires a Certificate of Registration and proof of residency in Malta.

Pets may need to undergo quarantine upon arrival, so it’s essential to check the specific requirements beforehand. Utilising a specialist company like Simpsons International Removals can help manage the export packing and customs clearance, ensuring a smooth relocation process.

The typical method for relocating items to Malta involves sea freight transportation, with comprehensive door-to-door services available to handle the packing, exporting, and delivery of household items directly to your new address in Malta.

Do you require help to move to move to Malta?

Malta retirement combines stunning scenery, rich cultural heritage and a warm community, so it’s no wonder it’s top of the list for UK retirees. By looking into the Malta Retirement Programme and the cost of living, healthcare and tax benefits, you can plan your move to this Mediterranean haven.

Whether you like the buzz of Sliema and St. Julian’s or the picturesque scenery of Gozo, Malta has the option to suit your retirement lifestyle. With the right planning and support, it’s a smooth transition into your new life so you can get on with enjoying the laid back pace and charm of the island.

Simpsons International Removals will make your move to Malta easy. We take care of everything from professional packing and customs clearance to delivery, whether it’s a small move or a full house move. Start your stress free retirement today—get an online quote or visit our Removals to Malta Guide for more info.