The Maltese islands are an attractive base for the registration of commercial and pleasure yachts, as well as super yachts.
There are already over 300 super yacht owners who have chosen Malta as a base for their yachts in order to take advantage of the location of the country and the cost-effective services provided by marinas and ancillary companies, as well as the regime for boat ownership which offers a number of specific incentives to boat owners.
Malta holds one of the largest shipping registries in the European Union, and thanks to the high standards required by Transport Malta, the authority which regulates the sector, it has distinguished itself internationally as a white flag state. Since the Maltese flag is one of the top flags in the world, this has ensured that the national flag of Malta would not become a flag of convenience. As a result, this has helped gain the trust of foreign investors within the Maltese shipping industry. Another advantage of registering a vessel in Malta is that Transport Malta fees are amongst the lowest in the European Union. Furthermore, the country’s tax system provides considerable fiscal benefits to operators and ship managers.
The team at Sciberras Advocates can assist clients with the ship and yacht registration process. As a ship owner or manager, we can help you benefit from the highly affordable registration costs and fees of service charged in Malta. This will surely result in substantial savings to you or your company.