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MALTA FLAG REGISTRATION

Malta offers competitive and attractive incentives to yacht owners and charterers of pleasure yachts seeking to register their yacht under the Maltese flag. Besides being the  largest maritime flag in Europe, Malta offers a solid legal framework which provides yacht financiers with the desired level of security.

We know it's important for you to stay up-to-date on all the latest regulations, so we want to help make the flag registration process as easy as possible.
The guide below will explain the process of registering a yacht under the Maltese flag and the benefits that come with it.

Yacht-owners registering their vessels under the Malta flag may benefit from the following advantages:

 

If one is an EU resident yacht can be registered under their own name by appointing a local resident agent

One can also choose to register under a Maltese company with low company formation and registration costs.

Complete tax exemptions, and benefits for owners, charters and financiers of Maltese yachts.

No restrictions on the nationality of the master, officers and crew, serving on Maltese vessels.

No restrictions on the nationality of shareholders and directors of Maltese shipping companies.

No restrictions on the sale and mortgaging of Maltese yachts.

No trading restrictions.

Preferential treatment for Maltese yachts in certain ports.

Serious and efficient maritime administration.

Flag state inspectorate to ensure adherence to international standards

Easy access to decision-makers within the competent authorities, backed by a qualified and efficient team of technical officers available for urgent matters on a 24- hour basis.

Sound multilateral and bilateral relations.

Active participation in international shipping fora.

 

What steps are involved?

Yacht registration in Malta is a simple and straight forward operation which can be split as follows:

 

Step 1 – Incorporation of a Maltese company
The reason for incorporating a Maltese company is for the purpose of registering the yacht in the name of a Maltese body. 

The yacht owner has a choice of two types of companies depending on whether he wishes to disclose his identity or not and these are as follows:

  • Onshore Holding Company (the owner appears as share holder)

  • Onshore Holding Nominee (the owner appoints nominees as apparent shareholders)

Alternatively,  if the owner of the vessel is an EU national it is also possible to register a yacht under their own name and appoint a local resident agent.

 

Step 2 – Yacht Registration under the Malta Flag
Upon incorporation of the company we will proceed to effect the yachts registration. This is done in two stages:

Provisional Registration
 

During this six month period the yacht may navigate freely with a provisional certificate of registration. This gives the owner sufficient time to obtain cancellation of the previous registration and to prepare the necessary documentation. A point to mention is that at this stage the bill of sale to the Maltese company is not needed hence the owner as a trial period may utilize this period. Should the owner decide to go ahead with permanent registration and providing all the necessary documents have been obtained we may proceed to register the yacht permanently.

 

Permanent Registration
Upon receipt of all the necessary documents, including a bill of sale to the holding company a permanent registration certificate is issued.

At no stage in the operation do transfer taxes apply.

 

The Cost of Maltese Flag Registration

The cost of registration depends on the type of company that the owner wishes to incorporate i.e. an onshore company (owner appears as share holder) or an onshore nominee (owner appoints licensed nominees as apparent shareholders)

The initial registration costs are incurred only once for setting up and first year’s operation.

During the ongoing process the annual costs only apply.

Additional information may be obtained from the official Transport Malta website

Yachting Partners Malta Ltd can assist you in the full process to register a yacht in Malta.

If you have any queries or would like any further clarifications kindly contact us.

SUPERYACHT AGENCY MALTA

Malta enjoys a strategic location within easy reach of most major European cities. It is fast establishing itself as a centre of excellence in the service, maintenance and refit of yachts of all sizes. The facilities, services and workmanship which are available in Malta are of the highest standards.

Our services include

Berth Reservations

Itinerary Planning

Yacht Clearances/Formalities

Bunkering

Technical Services and Support

Cruising, Customs and Immigration Procedures

Travel and Transportation

Tourism Arrangements

Exclusive Excursions

Hotel and Restaurant Reservations

Helicopter and Jet Rental

Fresh Provisions/Supplies

Courier Service

Freight Handling

Banking Transactions

VIP Concierge Services

On-board Entertainment

Emergency repairs

Sail repairs and valeting

Duty Free provision

 

It is recommended to contact us beforehand with your itinerary.

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GUARDIENAGE IN MALTA

To own a boat is a rare pleasure available to a relative few. With ownership however, comes time-consuming responsibilities that diminish your enjoyment. We have several packages each designed to cover a certain degree of requirement. A well maintained yacht leads to a higher degree of confidence in the vessel, leaving the owner and crew more relaxed to enjoy time aboard. Everything is aimed at the one and only goal ‘more time and fun onboard.

WHAT WE PROPOSE

In the absence of yacht owners/skippers on board, we offer a complete care and maintenance schemes at very reasonable rates comprising the following:

  • Daily Checking of Mooring lines

  • Routine weekly cleaning

  • Regular running of engines, checking oil levels, fuel and water.

  • Battery Maintenance

  • Bilge checking and pumping as necessary

  • and de-humidifying interior airing

  • Internal cleaning

  • Annual boat maintenance

  • Service and repair work

On agreement, during bad weather spells, our crew also continuously checks all mooring lines for the duration of bad weather even during the night.

Our turn key boating package offers are designed to make boating an enjoyable stress free experience, giving discerning owners the opportunity to arrive at their boat with the covers off, engines checked, water and fuel tanks filled, and any provisioning. When departing, leave the boat and we will arrange everything that needs to be sorted ie. Covers, linen, cleaning fridges etc.

Enjoy your boat to the full and eliminate hassle, worry and work. Whether or not your boat is in use, you can be sure it’s being looked after every bit as well as you would yourself. Finally, we believe communication is fundamental to our exceptional boat-care partnership, so it is our policy to keep you fully informed so that you can rest assured your beautiful boat is in the very best hands.

Interested in this services ? 

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Yachting Partners Malta offers you 10 tips for this winter: 

  • Remove as many soft furnishing as you can and store them on shore over winter.

  • Empty and deep clean any fridges; consider turning off and leaving open until they are used again. 

  • Ensure all on-deck electronic covers are tightly fitted. 

  • Install a dehumidifier and stand up any remaining soft furnishings and mattresses and open lockers to air can flow around the boat.

 

  • For sailboats, remove sails and then get them laundered and stored over winter.

  • Ensure the fuel tank is topped up, to make sure condensation doesn't occur. If your boat is staying in the water over winter, then ensure that the engine is run regularly. 

  • Inspect the rudders, propellers and shafts, and other exterior surfaces for barnacles,removing them as you go.

  • Flush the engine with antifreeze using an intake hose connected to the water pump and ensure to change the boat’s transmission fluid.

  •  Remove the spark plugs, and clean the engine with fogging spray.

  • If you're boat is staying in the water over winter, make sure to add extra mooring lines and fenders, to ensure your boat is secure in preparation for bad weather.  Make sure to check her regularly over the winter months.

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