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Yachts

Our team of experts possesses extensive knowledge and experience in the yachting industry, ensuring you a seamless experience. Our services encompass the preparation and submission of required paperwork, serving as the primary point of contact and representative with Transport Malta and any other relevant authority, as well as any other third parties involved in the process.

Registering your yacht under the Maltese flag offers several benefits, including:

  1. Competitive Tonnage Tax System: Malta employs a tonnage tax system, providing favorable and predictable taxation for yacht owners.
  2. Efficient Registration Process: Malta has a well-established and efficient yacht registration process, ensuring a smooth and timely registration experience.
  3. International Recognition: The Maltese flag is well-regarded internationally, enhancing the reputation and marketability of your yacht.
  4. Flexible Ownership Structures: Malta allows for flexible ownership structures, enabling ownership by individuals, companies, or entities.
  5. No Restrictions on Nationality: There are no restrictions on the nationality of the yacht’s owners, allowing for diverse ownership.
  6. EU Membership: Malta is a member of the European Union (EU), providing yachts registered under its flag with access to EU waters and benefits.
  7. Professional Maritime Services: Malta has a robust maritime infrastructure, offering professional services and support for yacht owners.
  8. Tax Exemptions for Commercial Yachts: Commercial yachts may benefit from VAT exemptions and reduced corporate tax rates, enhancing the financial attractiveness of Malta as a flag state.
  9. Strong Legal Framework: Malta has a comprehensive legal framework for maritime matters, providing clarity and legal security for yacht owners.
  10. Supportive Authorities: The Maltese authorities are known for their support and cooperation, facilitating effective communication and resolution of issues.

These factors collectively make Malta an attractive and competitive option for yacht registration, appealing to both private and commercial yacht owners.

Malta Flag Yacht Registration

We at Fides are well-equipped to assist you throughout the entire yacht registration process, whether the yacht is intended for recreational or commercial use. Our team of experts possesses extensive knowledge and experience in the industry, ensuring a seamless experience. Our services encompass the preparation and submission of required paperwork, serving as the primary point of contact and representative with Transport Malta and any other relevant authority, as well as any other third parties involved in the process.

VAT treatment of yachts in Malta

1. VAT on Acquisition:

  • When a yacht is acquired, VAT may be applicable based on the principle of taxation at the time of entry into free circulation within the European Union (EU).
  • Malta generally applies a standard VAT rate on the importation of goods, including yachts. However, certain conditions and exemptions may apply.

2. VAT Exemption for Commercial Yachts:

  •  Commercial yachts used for commercial purposes, such as chartering, may benefit from a VAT exemption or a reduced rate, subject to specific criteria.
  • Conditions for the VAT exemption may include the yacht being used for a qualifying commercial activity and meeting the necessary registration and

3. VAT Paid Status:

  • Yachts that have had VAT paid in an EU member state may benefit from a “VAT Paid” status, which can simplify transactions when the yacht is transferred or sold.

4. Yachts in Free Circulation:

  • Yachts already in free circulation within the EU, having had VAT paid in an EU member state, generally do not attract additional VAT upon entering Malta.

Malta Shipping Companies

Companies who for their principal objects carry out specific shipping activities may seek recognition as a shipping organisation in Malta and have the option to undergo incorporation and regulation according to the Merchant Shipping (Shipping Organisations – Private Companies) Regulations (MSR) rather than the Companies Act. This choice allows for non-Maltese nationals to serve as shareholders and directors, and eliminates the necessity for a company secretary, among other advantages such as:

  1. Competitive tax system using tonnage tax, offering substantial tax benefits and cost savings for shipping organizations.
  2. Efficient ship registration process in a reputable flag state with a well-established maritime legal framework.
  3. Competitive registration costs and low corporate formation and maintenance fees.

International Owner & Resident Agent

The flexibility of the Malta flag allows a non-Maltese owner to register a Malta flagged yacht in his name provided that such international owner appoints a resident agent in Malta. The Foreign owner may either be an EU citizen or an international company.

The resident agent shall
(a) Serve as the intermediary for communication between the international owner and various Maltese government departments and authorities.
(b) Execute the signing and submission of declarations and forms mandated by Maltese law on behalf of the international owner to the relevant Maltese government departments and authorities.
(c) Function as the legal representative of the international owner during judicial proceedings in Malta. According to the Act, any official notice dispatched to the resident agent at their latest registered address will be considered as duly received by and notified to the international owner.

Fides Services Limited may assist our international clients with resident agent services via our own corporate resident agent – RESAG limited.

We at Fides are well-equipped to assist you throughout the entire yacht registration process, whether the yacht is intended for recreational or commercial use.

What Sets Us Apart

Tailored Solutions

We understand that every business is unique. Our team works closely with clients to tailor solutions that align with their specific goals and challenges.

Expertise Across Industries

Whether you are a startup, a multinational corporation, or anything in between, we have the expertise to navigate the complexities of various industries.

Integrity and Compliance

At Fides, we operate with the highest standards of integrity and are committed to ensuring that our clients are fully compliant with local regulations and international best practices.

Crafting your vision into a reality.

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