The Malta Ship Registry is the largest merchant flag in the European Union and the sixth worldwide. As at end of December 2015, the registered gross tonnage under the Merchant Shipping Act was 66.2 million, an increase of almost 8.3 million gross tonnage representing a growth rate of 14.3 per cent over the previous year.
ADVANTAGES OF THE MALTESE FLAG
Anyone can own a yacht under the Maltese flag; EU / EEA /Swiss nationals may hold the yacht in their personal capacity whereas non-EU/ EEA /Swiss citizens would need to hold the yacht through a Maltese or foreign company. It is not required that the owner of the yacht resides in Malta, or indeed the EU. The place of residence of the ultimate beneficial owner is absolutely irrelevant . Where the owner is not resident in Malta or the yacht is not owned by a Maltese company we can actas the yacht’s Malta resident agent . This is probably the biggest advantage when compared to other EU jurisdictions which usually require the person to be resident in the country concerned.
- Yacht registration and annual renewal costs are also low.
- Beneficial owner of the yacht may appoint a fiduciary in order to achieve confidentiality on the ownership of his yacht.
- No restrictions on the sale or transfer of shares of a company owning a Maltese yacht;
- No restrictions on the sale and mortgaging of Maltese shipselit tellus, luctus nec ullamcorper mattis, pulvinar dapibus leo.
- Yacht registration and annual renewal costs are also low.
- Beneficial owner of the yacht may appoint a fiduciary in order to achieve confidentiality on the ownership of his yacht.
- No restrictions on the sale or transfer of shares of a company owning a Maltese yacht;
- No restrictions on the sale and mortgaging of Maltese shipselit tellus, luctus nec ullamcorper mattis, pulvinar dapibus leo.
A Quick and Efficient Operation
STEPS TO REGISTER A YACHT UNDER
THE MALTA FLAG
Anyone can own a yacht under the Maltese flag; EU / EEA /Swiss nationals may hold the yacht in their personal capacity whereas non-EU/ EEA /Swiss citizens would need to hold the yacht through a Maltese or foreign company. It is not required that the owner of the yacht resides in Malta, or indeed the EU. The place of residence of the ultimate beneficial owner is absolutely irrelevant . Where the owner is not resident in Malta or the yacht is not owned by a Maltese company we can actas the yacht’s Malta resident agent . This is probably the biggest advantage when compared to other EU jurisdictions which usually require the person to be resident in the country concerned.
Length overall of vessel;
Usage of yacht; pleasure or commercial;
Whether the owner is an EU / EEA/ Swiss national and whether confidentiality is required.
Existing or lastcountry of registration
Length overall of vessel;
Usage of yacht; pleasure or commercial;
Whether the owner is an EU / EEA/ Swiss national and whether confidentiality is required.
Existing or lastcountry of registration