How much do I need to retire in Malta?

Frequently asked questions about retiring in Malta

How much you need to retire in Malta depends on your spending habits but generally speaking, the cost of living isn’t high in Malta. Some expats get by with $2,600 per month or less. Rent for a one-bedroom apartment averages around $750 to $800 per month.

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Just so, is it easy to retire in Malta?

Retiring in Malta is easy and affordable

Malta offers a variety of visa options for non-Europeans wishing to live or retire on the islands, including both a pensioner option for retirees and a self-sufficient person’s visa, which gives self-employed people the opportunity to live on the islands.

Thereof, how do I get a retirement visa in Malta? The best
  1. Have a net worth of at least $39,5127.33 or earn an annual income of at least $26,039.
  2. Provide a clean criminal record.
  3. Go through an interview process.

Secondly, can I retire to Malta after Brexit?

Living in Malta after Brexit

British citizens are now treated like non-EU nationals, so they have to apply for a residency permit to live in Malta.

Is healthcare free in Malta?

Most state healthcare services in Malta are free. Prescribed medicine is free when you’re a hospital inpatient and for 3 days after you’re discharged. After that, you pay for prescriptions. How much you pay depends on the medicine and is set by the Maltese government.

Where do most expats live in Malta?


How much does a house cost in Malta?

Average price per m² by housing type in Malta

Housing type Gozo North Harbor
Apartments 1449 € 3126 €
Renovated houses 2186 € 3083 €
Maisonettes 1477 € 2517 €
Penthouses 1810 € 3042 €

What is the cost of living like in Malta?

Rent for a one-bedroom apartment—even those just a short walk to the seaside—averages around $750 to $800 per month. Groceries are inexpensive, with basic items such

Expense U.S. $
Healthcare $350
Maid service (four half-days per month) $141
Monthly Total $2,331

How expensive is it to live in Malta?

The Cost of Living in Malta

A couple could live well on a budget of $2,000 a month. Spend $500 to $600 of that budget on groceries and you’ll get plenty of wine, cheese, good cuts of meat and fish, and more. Utilities average $120 a month.

How can I get permanent residency in Malta?

EU/EEA/Swiss nationals and their family members may apply for permanent residence upon completing a continuous five-year period of legally living in Malta. Applicants must not have absented themselves from Malta for more than six months a year.

What is the minimum pension in Malta?

Following the enactment of the 2006 reform law, a person born on or after the 1st January 1962 who reaches pensionable age and who is not entitled to a Service Pension shall be entitled to a Guaranteed National Minimum Pension (GNMP) which shall be payable at a rate that is not less than 60 per cent of the National …

How long can you live in Malta without a visa?

Malta is a party to the Schengen Agreement. This means that U.S. citizens may enter Malta for up to 90 days for tourist or business purposes without a visa. Your passport should be valid for at least three months beyond your planned departure date.

How do I retire to Malta from UK?

You have to apply for new residence status by the latest 30 June 2021 to secure your rights as a UK Citizen living in Malta. Britons who were already resident in Malta before Brexit will all be eligible for a ten year residency permit.

Can you just move to Malta?

As long as they have a confirmed job offer, they can move to Malta, and their spouse and kids can join them there. Retirees with a certain minimum income and health insurance coverage can move to Malta without much hassle.

Can a British citizen move to Malta?

Through the UK’S EU withdrawal agreement, you will be able to live, work and study in Malta as an EU citizen until the 31st December 2020. After that date, if you are moving to Malta for the first time, you will need to apply for residency.

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