Why Malta

By providing a fully transparent and cost-effective yacht and ship registration process, Malta – as a full member of the European Union – has in recent years managed to become the largest maritime shipping registry in Europe.

With a solid legal framework which provides yacht owners and finance lenders a high level of security, the Maltese Flag has firmly become a flag of confidence in the maritime industry.

Yacht-owners choosing to register under the Malta flag could benefit from:

  • Low company formation and registration costs.
  • Complete tax exemptions, and benefits for owners, charters and financiers of Maltese yachts.
  • No restrictions on the nationality of the master, officers and crew serving on Maltese vessels.
  • No restrictions on the nationality of shareholders and directors of Maltese shipping companies.
  • No restrictions on the sale and mortgaging of Maltese-registered yachts.
  • No trading restrictions.
  • Preferential treatment for Maltese yachts in certain ports.
  • Serious and efficient maritime administration.
  • Flag state inspectorate ensuring adherence to international standards
  • Easy access to decision-makers within the competent authorities, backed by a qualified and efficient team of technical officers available for urgent matters on a 24- hour basis.

 

Apart from an effective and highly transparent Malta Flag registration [link to Yacht Ownership page] process, the local authorities – in full co-operation with EU decision makers – have introduced fiscal incentives for yacht owners, such as:

  • YACHT LEASING SCHEME

whereby, upon importation into Malta, a yacht could effectively reduce the VAT due on the purchase of the yacht to as little as 5.4%.

Find out more HERE 

  • SPECIAL VAT TREATMENT OF SHORT-TERM CHARTERING

Whereby a yacht choosing to charter out of Malta could benefit from effective an effective VAT rate on the charter fee as low as 5.4%.

Find out more HERE 

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