Located in a strategic position in the Mediterranean, Malta boasts one of the largest and most prestigious ship registries of the world. With the enactment of the 1973 Merchant Shipping Act the Malta Flag formally attained the status of ‘open’ register. All kinds of sea going vessels, from cruise liners and tankers to superyachts may be registered under the Malta Flag. The Malta Maritime Authority (MMA) is responsible for the management and administration of the Malta Flag.
Registration and management of ships and yachts in Malta can be advantageous for a number of reasons:
A yacht may be registered under the Maltese Flag via two methods: by appointing a Maltese registered agent or by incorporating a Maltese company and registering the yacht in its name. The yacht owner has a choice of two types of company depending on whether he wishes to disclose his identity or not:
An onshore holding company where the owner would appear as a shareholder (and thus would reveal he is the owner)
An onshore holding nominee company whereby the owner would appoint nominees to act as shareholders.
For full details please see our brochure on Yacht Registration in Malta which may be downloaded below.
In conjunction with our Isle of Man office we provide the following services:
Registration of vessel in Malta or other jurisdiction – see our downloadable guide below
Creation and management of tax efficient ownership structures
Tax and VAT management
Assistance with vessel importation and delivery
Accountancy and financial services
Liaison with maritime authorities and other relevant authorities
Yacht leasing and chartering advice – see our downloadable guide below
Crew recruitment and financial management
Crew contacts and payroll
Compliance and technical