Malta is increasingly becoming a financial services centre of
repute looked at by a number of financial services operators as the
ideal platform to set up their private pension schemes. Malta's
success is attributable to the flexible and prudent manner in which
the industry is regulated, providing the desired certainty, while
allowing room for flexibility and innovation.
Moreover, Malta's tax regime, together with over 60 double
taxation agreements, ensures a favourable tax regime, while
providing relief from double taxation.
Taxation of retirement schemes
An occupational retirement scheme is a vehicle whereby
contributions are made by the employer and the employees, for the
benefit of the employees. The main purpose of a retirement scheme
is to provide benefits payable after retirement, or upon permanent
invalidity or death of the beneficiary of the scheme. Any income
and capital gains derived by a licensed retirement scheme or
retirement fund established in
