Yacht Registration in Malta

Most people don’t realize that the Malta platform is one of the largest ship registers, not just in Europe but in the entire world. They are well established and highly reputable in the world of super-yachts, and the authorities in Malta have worked hard to create a framework that will enhance the industry and ultimately take them to the next level, as was done within the merchant fleet. Malta has developed a wide range of maritime services and facilities that have put them on the map as an International Center of Excellence. For that reason, people from all over the world are choosing Malta as the place to register their ship.

Registering a yacht in Malta, whether it is a commercial yacht or an individual pleasure yacht, is not as difficult as you might imagine provided you use a team of professionals that have intimate knowledge of the matter. Our yacht registration team has been assisting people for years with registering their yachts in Malta. We offer superb services and know the complex legal and regulatory matters that must be addressed in this process. We have in-depth knowledge of yacht registration and the tax implications involved in order to set up the best and most optimal tax structure. Furthermore, we offer VAT planning services in order to take advantage of the Malta yacht VAT regime.

Registering a yacht in Malta, whether it is a commercial yacht or an individual pleasure yacht, is not as difficult as you might imagine provided you use a team of professionals that have intimate knowledge of the matter. Our yacht registration team has been assisting people for years with registering their yachts in Malta. We offer superb services and know the complex legal and regulatory matters that must be addressed in this process. We have in-depth knowledge of yacht registration and the tax implications involved in order to set up the best and most optimal tax structure. Furthermore, we offer VAT planning services in order to take advantage of the Malta yacht VAT regime.

Commercial Yacht Registration in Malta

Malta has one of the most highly developed and experienced environments for offering flexible options related to yachting needs. The initial registration of a commercial yacht in Malta is a straightforward procedure. A provisional registration of six months will be granted, during which time the owner is required to submit certain documentation. After the fulfillment of all requirements, the yacht will obtain a permanent registration, which is renewable on an annual basis.

Corporate bodies that have been established in Malta or abroad can also register a yacht. The same can be said for EEA, Swiss nationals residing in Malta, or any other person who is qualified to own a Maltese yacht. Maltese law also provides an option to give international body corporates, non-resident Swiss citizens, or EEAs the option of having a resident agent in Malta as well.

Benefits of Registering a Yacht in Malta

Registering a commercial yacht under the Maltese flag has significant advantages, some of which include:

• Profit and loss statements
• Cash flow forecasts
• Account receivable and payable aging reports
• Actual vs. budgeted analysis
• Key performance indicators
• Cost centre and profit centre reporting
• Profitability of projects

Acta Fidelia offers a comprehensive range of yacht services, covering everything from the formation of a company to own or lease yachts, registration of the yacht under the Maltese flag, registration with the Maltese VAT Yacht Leasing Scheme, and extremely valuable tax advice. The services offered don’t even stop there. Acta Fidelia also offers accounting and bookkeeping services for yacht ownership and yacht leasing companies as well as payroll services for the crew. Whatever you need to seamlessly run your yacht, we can help provide it. We aim to make the process as easy and simple for you as possible.

Pleasure Yacht Registration in Malta

Any owners that are established either abroad or in Malta, in accordance with the Merchant Shipping Act, can register their yacht in Malta. That includes Swiss and EEA individuals and body corporates. Permanent registration will have to follow after the six-month provisional registration expires. Owners will have to submit documents and other requirements as necessary to get permanent registration, but once they do, the permanent registration can be renewed yearly by paying a fee.

It should be noted that the Merchant Shipping Directive defines a pleasure yacht as a yacht that is used for the private use of its owner and that is not engaging in trade. Also, it must be at least six meters in length.