Malta Yacht Registration
Provisional Registration
- A widely recognized, reputable and efficient EU based yacht registry;
- Efficient procedures for the registration, transfer and deletion of Maltese yachts, and the registration, transfer and discharge of mortgages registered over them;
- Presence of an active superyacht industry and world class berthing facilities;
- Serious and efficient maritime administration;
- Easy access to decision makers within the competent authorities;
- 24 hour availability of officers at the authority for transport in Malta;
- Availability of technical, legal, corporate and tax administration expertise;
- No restrictions on the nationality of the master, officers and crew serving on Maltese commercial yachts, nor on the nationality of shareholders and directors of Maltese shipping companies;
- All business is conducted in the English Language;
- A large and expanding double tax treaty network;
- Sound multilateral and bilateral relations with a number of other countries.
- Malta offers a number of advantages to owners operating commercial yachts, which advantages include the following:
- Maltese requirements are well known to main shipyards and main classification societies;
- No Malta VAT is chargeable by the yacht owner during the operation of the yacht if the lessee of the yacht concerned uses it for an economic activity;
- Input VAT incurred on goods and services acquired and attributable to the yacht owner’s chartering operations would be recoverable;
- No restrictions on the nationality of the Master, Officers and crew carried on board Maltese yachts;
- Flexibility of ownership – Yachts registered under the Malta flag may be owned by any citizen of the European Union or Switzerland or by any Maltese or foreign companies after that the necessary formalities have been abided with.
- Speedy, Efficient and consistent Services.
- Relentless effort to obtain bank accounts.
- Expert advice on structuring options.
- Dedicated ongoing compliance support.