Valletta Townhouse for a Retired Civil Engineer from Edinburgh
€320,000 · 15 years · 3.75% fixed. A retired civil engineer from Edinburgh had fallen for Malta's historic capital Valletta - a UNESCO World Heritage city - and wanted to purchase a traditional Maltese townhouse for p...
The Client
Retirees Relocating Overseas
The Challenge
A retired civil engineer from Edinburgh had fallen for Malta's historic capital Valletta - a UNESCO World Heritage city - and wanted to purchase a traditional Maltese townhouse for permanent retirement. Malta's official language is English and it uses the euro, making it particularly accessible for UK retirees.
Our Solution
Doulton placed the mortgage with a Maltese bank. As an English-speaking euro-using jurisdiction, the process was more straightforward than many other markets. The client's UK pension income was fully accepted. Malta Global Residence Programme requirements were reviewed with a Maltese lawyer.
The Outcome
Townhouse purchased in Valletta's historic core. Client now a Maltese resident. Malta Global Residence Programme application submitted, offering a flat 15% tax rate on foreign-source income remitted to Malta. Key highlights: English-language process - straightforward for UK retiree; Malta Global Residence Programme reviewed; 15% flat tax on remitted foreign income - significant advantage.