The maritime industry in Malta is a major economic driver. Malta’s strategic location in the Mediterranean Sea, its well-developed infrastructure, and its competitive costs have made it a popular choice for maritime businesses around the world. The maritime industry in Malta also plays a leading role in the development of new technologies and services and the Maltese government is committed to supporting the maritime industry and promoting its growth by focusing on innovation and sustainability in alignment with the trends in the global maritime industry.
The maritime industry in Malta is diverse, encompassing a wide range of activities, including ship registration. Malta has one of the largest ship registries in the world, making it to the top 10 flag states by registered tonnage. Its high standards have earned it a reputation as a ‘white flag state’. This means that the Maltese flag is not considered a flag of convenience, and it is trusted by foreign investors in the Maltese shipping industry.
There are several advantages to registering a ship in Malta such as flexibility, cost-effectiveness, and reputation in the authority that regulates this sector. Additionally, the country’s tax system provides significant fiscal benefits to operators and ship managers. Ships of all types and sizes can be registered in Malta, including commercial vessels, yachts, and private vessels.
To register a ship in Malta, in principle the owner must submit a set of documents to the Malta Ship Registry through Transport Malta, at the Maritime section, namely a bill of sale, a survey certificate, ownership documentation and payment of registration fees. Once the registration process is complete, the ship will be issued a Maltese flag certificate and a registration number.
The maritime industry in Malta is a dynamic and growing sector that is playing an important role in the country’s economy, and it is expected to continue to grow in Malta in the coming years.
The experts at Sciberras Advocates are well-equipped to guide clients through the ship and yacht registration process. Whether you are a ship owner or manager, we can help you leverage the cost-effective registration fees and service charges available in Malta, resulting in substantial cost savings for you and your company.
Article written by Ms Charlene Sciberras, B.A. (Hons), guest writer, is a marketing and business administration specialist with a special focus on corporate, accounting, and legal matters.
Sciberras Advocates founded by Dr Adrian Sciberras, is a law firm based in Malta. The firm prides itself to be multi-disciplinary, innovative and flexible in order to meet the changing times and any challenges in the local and international legal scenario. No matter what private or corporate complex demands are called for, Sciberras Advocates offers practical and cost-effective legal solutions to achieve your desired results. You may reach Sciberras Advocates by phone on +35627795222 or via email on [email protected].