transport malta yacht registration

Online services for yacht, boat registration under the Valletta Registry introduced

Transport Malta made the announcement on Friday

by Helena Grech

March 12, 2021

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In an effort to reduce the transmission of COVID19, Transport Malta announced on Friday that it has implemented measures to provide online services in relation to yacht and boat registration under the Valletta Registry.

These services include:

• Renewal of the Certificate of Registry;

• Provisional and permanent Registration;

• Transfer of Ownership;

• Any other ancillary services.

It said all payments are to be made by Debit or Credit Card.

All yacht and boat owners, including fishing vessels, are to make any requests for services under the Valletta Registry by email on [email protected] .

Malta is currently facing a rapid increase of daily COVID cases, with fresh restrictions such as the closure of schools, non-essential shops and services and several other measures introduced to mitigate the spread.

Alternatively, customers may wish to call on +356 21250360 for the appropriate guidance on the nature of service required.

Transport Malta thanked its customers for their cooperation in making use of the measures implemented.

Featured Image:

Transport Malta offices in Lija / Source: news.transport.gov.mt

Helena Grech

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Commercial Yacht Registration Malta

In order to qualify as a Maltese commercial yacht, the yacht in question must be coded in line with the Maltese Commercial Yacht Code, as per the following link.

Furthermore, although Maltese commercial yachts of less than 500 GT do not require to be certified in line with the Maritime Labor Convention (MLC), all Maltese commercial yachts require to be MLC compliant, and Certificates of Insurance issued in accordance with the MLC would have to be obtained for all Maltese commercial yachts of any size.

The Maltese Registry of Shipping (Transport Malta) launched the 3rd edition of the Commercial Yacht Code in 2015, which regulates the registration of all commercial yachts starting off from a minimum length of 15 meters, carrying not more than twelve (12) passengers and not any kind of cargo aboard.

All yachts covered by the Code must be surveyed, certified and maintained according to the applicable category requirements. An Initial Survey should be conducted when initially joining the Flag, and after completion Transport Malta will issue a Certificate of Compliance (COC) valid for five (5) years.

All Maltese commercial yachts under 24 meters should undergo an intermediate survey between the 2nd-3rd year and after joining the Flag. A Renewal one should be conducted within three (3) months before expiration of the Certificate of Compliance (COC), whereas all those over 24 meters should be undergoing an annual survey each year, and within this 5-year period.

All those surveys should be conducted either by recognized Classification Societies or Maltese Government approved surveyors.

Crew certification is subject to the yacht's length and gross tonnage. A Minimum Safe Manning Certificate (MSMC) should be compulsory for crafts over 24 meters. Any nationality of the crew should be acceptable.

According to the Commercial Yacht Code, all Maltese-flagged commercial yachts should be carrying onboard adequate transmitting/receiving radio equipment for the kind of commercial operation they are involved.

Provisional Registration could be done either under a Maltese Registered entity or a non-Maltese one (in the latter case this entity should be registered as an International Owner with the Registrar of Shipping and appoint a Resident Agent). For applying provisionally a proper application, complete with Declaration of Ownership, full list of radio equipment, certificate of insurance, MLC compliance, Builder's Certificate or the yacht's Certificate of Conformity (CE Marking) should be also submitted.

And for vessels over 24 meters additional documentation should be also submitted (anti-fouling, International Tonnage Certificate, Certificate of Class, ISM, Continuous Synopsis Record, etc).

Provisional registration should be granted initially for six (6) months, extended thereafter to another three (3), other two (2) and finally one (1).

Permanent registration should require original Bill of Sale, Carving & Marking, Certificate of Survey and original Deletion Certificate from the previous Registry/Flag.

Transport Malta fees for registration are dependent on the yacht's year of build, length & tonnage. Once we receive these details we will prepare our quotation which would include the applicable fees and costs for the first year of registration etc.

Yacht Registration Procedure

Malta has become a Flag of choice for yachts and superyacht Owners – either registering as a pleasure yacht or Commercial Yacht.

Yacht registration procedures are similar to commercial vessels but are dependent on whether they are private/corporate ownership as well as for sole use (pleasure) or charter (commercial).

Commercial Yachts

The registration and operation of Maltese Commercial Yachts is regulated by the Merchant Shipping Act and a code of practice known as the Commercial Yacht Code (for yachts carrying 12 or less passengers).

A yacht owner wishing to register and operate as a Maltese commercial yacht must comply with the requirements contained in this Code. The Code is administered by Transport Malta which is the Government authority responsible for the registration of ships under the Malta flag .

The Commercial Yacht Code imposes standards of safety, pollution prevention and crew welfare which were developed with the relevant IMO Conventions, EU Directives and industry Standards in mind.

In addition to this Code Transport Malta Directorate introduced the new Passenger Yacht Code (PYC) which came into force on the 25th May 2021.  This relates to Passenger Yachts which carry between 13 and 36 Passengers (but not more than 200 persons), which do not carry cargo and which are engaged on international voyages.

Pleasure Yachts

Maltese law provides for a comparatively simple regime for the registration of yachts designated as ‘pleasure yachts’, therefore that are neither categorised as commercial nor racing, and are intended solely for private use.  There is considerable flexibility in the applicable regime, particularly for pleasure yachts which are smaller in size.

Malta’s strategic position is the natural advantage our island has when it comes to the registration of pleasure yachts.  At the borderline between Europe and North Africa, Malta is a hub for the maritime sector.

As a consequence Malta has gained a leading world-wide position in the registration of pleasure yachts through logistical advantages, but also through legal advantages.  The registration process is straight forward with a registration being obtainable within only three days.  Having English as our official language makes the process even faster and secure, not to mention that Malta is a member of the European Union.

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YACHT REGISTRATION

Transport Malta’s Merchant Shipping Directorate considers a private registered yacht to be any pleasure yacht, of 6 metres in length or more, which does not carry passengers for reward and is not engaged in trade but is used for the sole purpose of the owner.  Under the Malta Flag a yacht may be registered as a Private yacht or a Commercial yacht.

A commercially registered yacht is considered a yacht, of 15 metres in length or more, which do not carry cargo, carries not more than 12 passengers and operated by the owner or body corporate owning the yacht for commercial use.

The following classes of yachts will be considered for commercial registration:  

• Yachts in commercial use of not less than 15 metres in length and not more than 24 metres.
• Superyachts in commercial use of more than 24 metres in length and less than 500 gross tonnes.
• Superyachts in commercial use of more than 24 metres in length and 500 gross tonnes and over.

Yacht registration whether private or commercial is a very simple and straightforward process subject that all documentation is in order. Yachts are first registered provisionally under the Malta Flag for six months (extendible for a further period, or periods not exceeding taken together six months) during which period all documentation needs to be finalised. 

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Yacht Registration in Malta: What you need to know!

• Published on May 7, 2024
• An Expert Article from Dr. Kelly Meli

Malta is one of the most sought-after regimes in the entire world when it comes to yacht registration. This should come as no surprise given the multitude of advantages enjoyed when registering a yacht in this country.

Malta’s strategic location at the heart of the Mediterranean as well as having English as an official language, makes it far easier to adapt. The success of this regime however, is more so based on the significant tax and VAT advantages, the low registration and renewal costs as well as having help and repair available at all times. Malta also offers a great amount of freedom to the yacht owners by having fewer restrictions in regard to the sale and mortgage of Maltese flagged ships.

This Article shall therefore serve as a guide for any individuals interested in registering their yachts in Malta; both as a private yacht as well as a commercial yacht, while also highlighting how DW&P can help turn your dream into reality.

Types of Yacht Registration in Malta

Yachts in Malta can be registered either as a private yacht or a commercial yacht. The Merchant Shipping Directorate in Malta defines both types of yacht registration.

A private yacht is defined as a yacht having 6 meters in length or more, which does not carry passengers for reward, and which do not engage in trade but are solely used for its enjoyment by the owner.

On the other hand, commercial yachts are generally defined as yachts having 15 meters in length or more, which do not carry cargo, which carry 12 passengers or less, and which are operated by the owner or body corporate owning the yacht.

There is no right or wrong answer as to which type of registration is preferred as it will all depend on the owner’s intended use. It is up to the owners to decide whether they want to use their yacht for recreational purposes or else for making a gain. Commercial yachts are a bit more regulated, and as a result, will come with slightly higher registration and annual fees.

It is also important to note that registering as one type will not exclude the possibility of changing your mind and opting to transition from one type to the other, provided of course that the yacht in question meets the necessary requirements.

The Resident Agent

Before one can start the registration process in Malta, non-residents must appoint a resident agent to act in their stead. This means that people living in the EU, Switzerland or residents of the European Economic Area, who are not living in Malta have to appoint a resident agent in Malta.

The resident agent shall act as the local representative of the international owner of the vessel here in Malta, and shall in brief, possess the following powers:

• act as a channel of communication between the international owner and Maltese government departments and authorities;
• sign and file on behalf of the international owner, any forms and/or documents as may be required by the Maltese Government departments and authorities;
• act as a judicial representative of the international owner;

amongst many other responsibilities as laid down by the applicable laws.

Provisional Registration

The first step in registering your yacht under the Maltese flag is to apply for provisional registration. This provisional registration shall be for a period of 6 months and can be further extended for certain periods not exceeding the aggregate 6 months.

In order to apply, the applicant would need to ensure that:

• all the documents necessary for the provisional registration are duly submitted to Transport Malta;
• the proposed name of the vessel is reserved with Transport Malta;
• proof of ownership is at hand;
• where necessary, a resident agent is appointed;
• a declaration of ownership is signed before the Registrar;
• an application for Ship Radio License is duly submitted (where necessary);
• the payment of the official registration fees and annual tonnage tax is affected;

amongst other requirements, which may become applicable on a case-by-case basis.

During the provisional period the owner may still sail the yacht, provided that certain criteria are met beforehand and that the Provisional Certificate of Malta Registry is always kept by the owner on board the yacht.

The fees associated by this registration shall vary depending on the size and type of yacht being registered. The fees are also subject to change so it would be best to consult an expert beforehand.

Final Registration

Before the expiration of the provisional registration period, owners must provide the Merchant Shipping Directorate with the necessary documentation in order to be fully registered under the Maltese flag.

The main documents required are generally the following:

• the original builder’s certificate, if the vessel has not been registered elsewhere;
• a survey of the vessel, which survey shall be completed by a ship surveyor appointed by Transport Malta;
• the ship’s carving and marking note duly signed by a government survey or a recognized classification society;
• a radio inspection (where necessary); amongst any others which may be required on a case by case basis.

Once the documents have been duly provided and approved, a Permanent Certificate of Registration is issued for a period of 1 year. This can be renewed annually, and annual fees will apply. Much like the registration fees, the annual fees are subject to change and vary according to the size and type of yacht.

Technical Inspections

What makes Malta’s system so successful is not just the tax benefits and low fees, but also the security that comes with it. State authorities are responsible for ensuring that ships who fly their State’s flag are never below par. Inspections are therefore carried out regularly by the competent authorities on specific instructions.

More specifically, registered yachts have to undergo certain surveys which can be carried out by an appointed ship surveyor or a recognised organisation. Certificates of compliance will be issued and remain valid for a period of 5 years.

In terms of commercial yachts, the surveys have to be carried out, either annually if the ship is larger or equal to 24 meters or else as an intermediary survey if the ship is less than 24 metres in length.

Flagging the Yacht

Flying the flag of a certain State means that the owner accepts that the ship is under the legal jurisdiction and administrative control of that State. Therefore, for a person to choose to register under one State rather than another, they must do so on the basis of which legal regime is more beneficial in terms of the advantages being offered. Some of the most prominent advantages being offered in Malta are the following:

• vessels may be registered in the name legally constituted corporate bodies, irrespective of their nationality; or by European Union Citizens;
• affordable maritime administration;
• efficient registration process;
• low company formation costs;
• no trading restrictions and preferential treatment to Maltese ships in certain ports;
• no restrictions on mortgages;
• reduction in registration and tonnage tax costs for younger ships;
• no restrictions on the sale or transfer of shares of a company owning Maltese ships;
• VAT incentives for Companies interested in chartering their vessels;
• no restrictions on the nationality of members and employees onboard the vessel;
• competitive registration and annual fees;
• low tonnage costs.

Registering a yacht in Malta does not necessarily require the ownership of the yacht to be by a Maltese citizen. In fact, Malta leaves the door open for foreigners to register their yachts under the Maltese flag.

Ownership can either be by a natural person or by a legal person. Ownership by a natural person refers to when a private individual owns the yacht. Ownership by a legal person, on the other hand, reference to when a company validly owns a vessel.

Generally, legal corporations (i.e. legal persons) will be in the form of a Maltese shipping company, whereby the ownership of the yacht will be of the company rather than an individual.

This allows for easy trading and opens up the possibility for people living outside of Malta to register their ship under the Maltese flag. One must still remember however that in order to do this, they would still require a resident agent in Malta.

What can DW&P do for you?

Navigating through the entire process can get a little bit complicated and confusing, so that is where we come in. DW&P strives to simplify the process and place your mind at ease. That is why we offer a multitude of services, which include but are not limited to:

• Aiding in ships sales and acquisitions.
• Drafting and reviewing necessary contracts and agreements.
• Aiding with the registration of pleasure yachts and commercial yachts.
• Aiding with the provisional and final registration of yachts.
• Advice with regards to the type of registration suitable for you.
• VAT and Tax advice.
• Company formation.
• Assistance with yearly renewals and the compilation of the necessary documents, for renewal purposes;
• Acting as a resident agent for yacht owners living outside of Malta.
• Handling necessary documents and communicating with the relevant officials on your behalf.

If you are interested in finding out more about the services we offer, visit our services page here: https://www.drwerner.com/en/services/yacht-registration-malta/

Alternatively, if you would like to get started, feel free to book a free consultation here: https://www.drwerner.com/en/other/book-an-appointment/

Do you have any questions?

Request a free initial consultation now.​, related articles, onsite inspections by the malta business registry: ensuring compliance, what banks are in malta an overview.

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Yacht and ship registration procedure under Malta flag 2024

    Online Solution for the ship purchasing and Malta Flag Registration.     Advantages of registering the ship under Malta Flag in comparison with the other jurisdictions.     Reputation and international Maritime Law.     Taxation and Conditions of ship registration.     Maltese Legal System provides various advantages as follows.     Process of yacht registration in Malta 2024     Commercial yacht registration in Malta. Benefits and advantages.     Bareboat charter registration in Malta     Maritime services | Malta Flag – Providing By Griffiths + Associates.

Building on its long and varied maritime tradition, Malta, a member of the European Union, has today established itself as one of the leading maritime hubs and service centres in the Mediterranean region.

Malta offers a whole range of international maritime services and facilities as part of a comprehensive package for the maritime industry.

Malta has also developed a very strong maritime legal and regulatory platform that has enabled the Malta flag to become a reputable international ship register, which is now established as one of the largest in the world.

Vessel registration under the Malta flag and the operation of Maltese ships is regulated by the Merchant Shipping Act of 1973.

Those owners, whose decision is to register their boat under Malta flag enjoy with the advantages both of Maltese legal and of tax systems.

Online Solution For The Ship Purchasing And Malta Flag Registration:

The constantly developing technologies, software and internet facilities trigger the humans’ life progress and digitalization becomes an integral part of the everyday life.

Following the progress many businesses even those, which seems would never been supposed to operate online turned to the digital format.

The ship registration procedure in Malta has been happening “online” for a long time.

To register their yachts all non – Maltese residents are obliged by law to appoint a resident agent in Malta. There is no need for the client to come personally and follow the process. The client would need to provide an agent with the Power of Attorney that allows same to act on client’s behalf. Thus, the process of the registration itself is not impeded because of the lack of possibility to travel by the client.

However, the registration procedure is the last step of the purchasing process.

The number of the ship owners just recently had been growing steadily as the number of the Sailing schools, giving the opportunity to get the Day skipper licence easily.

Having the skipper licence encourages the new mariners to purchase their own boats, as this is one of the most considerable investments they can make.

The chartering companies have been also growing their fleet to supply clients who were eager to hire them for travelling on board.  However, the chartering segment has been hit hard and went down due to the lockdowns and restrictions on travelling. This fact made certain mariners to make a choice in looking at the purchasing a boat instead of hiring.

Having the possibility to travel for the purpose to purchase a boat/yacht, the ship owner could choose the one which completed to his requirements.

The current pandemic forced ship owners to make non – standard, but modern solutions to use online technologies as for the reason to purchase and to inspect the boat online as well.

The virtual solution is very possible nowadays since the digital technologies became available, such as live video 360°, yacht tours – walkthrough, Zoom live video conferences, etc.

In spite of the wide range of the new online facilities, client would still need help of the professional agent, who follows the procedure and manages to coordinate the operations.

Some of the ship owners may believe that agent or consultant are there to put extra expenditure on them. However, such a consideration would be erroneous. Dealing with the experienced agent/broker may help clients to avoid mistakes and extra expenses in the future.

The agents/brokers/sales persons may also advise the ship owner when considering to register his vessel; to make a right choice that finally helps to reduce the overall expenses.

Many of the selling agents recommend Malta as a prime European jurisdiction to get the boat registered.

Griffiths + Associates deals with the number of agents/brokers/sales persons on reciprocal terms being introduced to the ship owners. The firm can help to follow the registration procedure assisting the ship owner it may also be appointed as resident agent for the non – Maltese residents as well.

Advantages Of Registering The Ship Under Malta Flag In Comparison With The Other Jurisdictions:

The pandemic restrictions have also concerned the ship operating and berthing in different marinas and ports.

The European authorities control the vessels operating in the EU waters with the prejudices to avoid vessels registered in third part jurisdictions to be moored in ports in controversy to the international marine law.

Besides, particular European jurisdictions cancelled the possibility to register the pleasure yachts in the individual name of the non – resident ship owners. For instance, the International Certificate for Pleasure Crafts is a so called unofficial proof of ownership is no longer available for the non – residents of Holland as per January 1, 2021.

The Dutch ICP is actually a document of ownership but in that capacity, is accepted in most European countries (not ship registration certificate). This however is not accepted in Spain, Portugal and Italy.

The same situation had happened in Belgium, where since 1 September 2019 the registration in the individual name of the ship owner is only possible to Belgium residents or in the name of the corporate entity, which owned for at least 50% of Belgium share capital.

In this scenario, we would like to emphasise an advantage to register the boat/super yacht in Malta since the registration under Maltese flag is possible in the individual name of any European citizen regardless of his residence.

In case of registering the ship in Malta on the corporate body it is required to open a body corporate in Malta.

Some of the European jurisdictions offer opening UK Ltd/Irish)/off shores entities, which fall under UK/other legislation. That means that being an owner the company is registered in one jurisdiction and with the boat/yacht registered in other jurisdiction; the ship owner hence depends on the legislation of different countries. It may cause the difficulties in the future for ship owner, if the legal bases changes in one of those countries.

If both Certificates of the company incorporation and the ship registration are issued in the same country it promises the stability to the ship owner of such a vessel.

Yacht owners will not depend on the legislation of different jurisdictions, if they register their ship under Maltese flag and own a company to operate such a yacht in Malta .

Reputation And International Maritime Law:

The jurisdiction of the country of the ship registration is a very important element that should not be disregarded. If the country has a bright international reputation the crew and the ship itself are able to move freely around the world without encountering significant legal and bureaucratic obstacles.

Malta has flawless reputation in maritime community and follows international laws and conventions.

Maltese jurisdiction is a priority in the European Union, ranked sixth in the world and accepted by Paris Memorandum of Understanding on Port State Control (MoU) and Tokyo MoU.

Malta is also white-listed by the Organisation for Economic Co-operation and Development and FATF has also no claims against Malta.

The latter are facts, which emphasise that flying Malta flag is very prestigious. Maltese ships have privileges such as no trading restrictions and preferential treatment to Maltese ships in certain ports in the world.

Entering to the Maltese fleet is a prestigious step for the ship owner that strengthens the position of such a ship in the commercial or tourist market.

Following the above we may underline the importance to get ship registration, which complies with the international law, in order to avoid possible difficulties when sailing in international waters or visiting foreign ports.

Taxation And Conditions Of Ship Registration:

Malta’s geographical location and infrastructure always attract investors from different spheres and marine industry is one of them.

Being an international financial centre, the island has a very flexible tax system, which is aimed to take off an extra finance burden from the ship owner.

⚓   The registration fees for any vessel are paid at the first time registration and then annually and depend on the gross tonnage of the vessel, its type and the age.

⚓  Tonnage tax ships (over 1000 net tonnage), which operate commercially are tax exempt.

⚓  For the other categories, the Maltese tax system gives the possibility to reduce the income tax rate from 35 to 5%% in effect.

⚓  The conditions of the registering a ship are very simple and strait forward as well.

⚓  The cost of servicing and maintaining the boat/yacht in Malta is one of the lowest in the European Union. In addition, it is possible to register the vessel older than 20 years, while in Panama or Cyprus this is not possible.

⚓  Low company formation, ship registration and tonnage tax costs.

⚓  No taxation on the transfer of shares in shipping companies.

⚓  No taxation on commercial yachts and tonnage tax ships registered in the name of Maltese company flying Maltese flag.

⚓  Attractive incentives to owners, registered charterers and financiers of Maltese ships of over 1,000 net tonnage;

⚓  Progressive reduction in registration and tonnage tax costs for younger ship.

⚓  Possibility of obtaining a low-VAT paid status on pleasure yachts flying the Maltese flag.

⚓  Participation Exemption allows tax neutrality throughout for the holding companies.

⚓  Benefits from extensive double taxation Malta’s treaty network.

Maltese Legal System Provides Various Advantages As Follows:

⚓  Ships may be registered in the name of legally constituted corporate bodies or entities irrespective of nationality, or by the individual name of EU citizen.

⚓  Option to register as a commercial or private pleasure boat, which is equipped already or under construction.

⚓  No restriction on the sale and transfer of shares of a company owning Maltese ships.

⚓  No restrictions on the nationality of the master, officers and crew.

⚓  No restrictions on the sale and mortgaging of Maltese ships.

⚓  No trading restrictions and preferential treatment to Maltese ships in certain ports.

⚓  Procedure for temporary admission of private yachts, registered by non-EU citizen and flying the non-EU flag, which makes possible to operate in the EU territorial waters for a period of not more than 18 months from the date of entering the EU waters without payment of VAT duty.

Process Of Yacht Registration In Malta 2024:

☛ Download the Guide to Ship Registration Malta

The registration process for any type of ships are very simple and straight forward provided all documentation is in order.

This process consists from 2 steps:

• Provisional registration
• Permanent registration

On the first stage of the ship registration owner applies for the provisional registration .

He is given of 6 months to have all documentation completed.

If not in time this period can be extended for a period or periods not exceeding in the aggregate six months.

Provisional registration in terms of the law has the same effect as the so-called permanent registration and can be obtained effected very quickly.

Requirements for the provisional registration for ship and superyachts are similar in general case and presented in the table below:

* Documentation provided where applicable.

** Ships of 10 years and over, but under 15 years must pass an inspection by an authorized flag state inspector before or within a month of provisional registration ;

Ships of 15 years and over are required to pass an inspection by an authorized flag state inspector prior to being provisionally registered .

As a rule, trading ships of 25 years and over are not registered.

*** The Certificate of Compliance is renewable every five years and survey may be carried out by an Appointed Ship Surveyors or by a Recognised Organisation.

**** In case the resident agent is appointed, the ship owner has to provide this agent with the Power of attorney authorising the agent to act on ship owner’s behalf in all matters relating to the registration of the yacht.

The second step towards the permanent ship registration and obtaining the registration Certificate is to submit the following documentation within 6 months of the provisional registration:

* Documentation provided for the yachts over 24 metres.

** Maltese registry is only accepted the ship surveyors, who are registered and licensed by any of the following authorities:

• American Bureau of Shipping (ABS)
• Bureau Veritas (BV)
• China Classification Society (CCS)
• ClassNK (NK)
• Det Norske Veritas (DNV)
• Germanischer Lloyd (GL)
• Korean Register of Shipping (KR)
• Lloyd’s Register (LR)
• Polish Register of Shipping (PRS)
• Registro Italiano Navale (RINA)
• Indian Register of Shipping (IRS)

Official website Transport Malta: https://transport.gov.mt/ship-registration

All yachts below 24 metres in length have to undergo an intermediate survey whilst yachts larger or equal to 24 metres in length that are commercially registered have to undergo annual surveys.

Once the paper work is provided the registration Certificate is issued directly by Malta Transport.

A certificate of Malta registry is subject to renewal on the anniversary of the Maltese registration.

Commercial yacht registration in Malta. Expert Advice

I. reasoning for the commercial registration..

It can be said that today the majority of the yachts in the EU fly the Maltese flag.

Following the statistics, the Malta Shipping Register is now the biggest register worldwide for superyachts.

By the end of the 2020 the number of superyachts over than 24m bearing Malta flag reached 860 vessels.

Based on the “quality, reputation and confidence” of the Maltese flag jurisdiction, the Maritime register continues increasing the number of the luxury vessels, including the “green solution” fleet.

On 5 th October 2021 the recovery and resilience plan for Malta was approved by the Ministry of Economy and Finance.

That allows Malta to access the EU’s recovery fund, facilitating of 672.5 billion Euro aimed to support the energy and ecological transition of the European economy.

The reforms and investments outlined in Malta’s recovery plan are focused on green and digital efforts, growth potential, and health and institutional resilience.

This fact is definitely completing the list of the advantages of the Maltese flag jurisdiction, such as favorable geographical position, infrastructure and workforce.

Once the yacht owner chooses Malta for the commercial yacht registration, he will find here the jurisdiction welcoming investment and easy from a regulatory perspective for his investment; an economically and politically stable jurisdiction supported by the Government allowing for the sustainable development.

Those, who own a corporate entity in Malta already, may enjoy the economic incentives provided by the Maltese Government and actually, can realize how those incentives help to increase profitability.

The Maltese jurisdiction attracts the international business offering beneficial tax schemes to maximise the overall capital outlay. An extensive double taxation Malta’s treaty network with the number of the countries involved helps to provide useful tax incentives as well.

Once a customer makes a decision to purchase a yacht for commercial use, he makes the right step towards a good investment and the Maltese Government facilitates this by offering special tax treatment for those yachts.

Another reason that may encourage the customer registering a commercial yacht in Malta is the fast and streamlined process rated as cheapest in the EU.

Of course, the most meaningful point of the commercial yacht registration is the commercial yachts, which fly the Maltese flag and are registered under the name of the licenced shipping organization are exempt to pay income tax on their profits.

Finally, a yacht purchased by the Maltese shipping company for the commercial purpose is VAT exempt for both reasons the yacht acquisition and the commercial supplies as well.

II.  Eligibility of the commercial registration.

Both sailing and motor yachts can be registered under the Malta flag for commercial use and they are subject to satisfy to the eligibility criteria of the shipowner and the yacht requirements.

Yacht for commercial use can be registered by the following shipowners:

• EU, EEA and Swiss national residing in Malta;
• EU/EEA/Maltese corporate entity;
• Non – EU citizens with the registered business in Malta.

Yacht requirements for the commercial use:

A commercially registered yacht is considered to be a yacht, of 15 metres in length or more, which do not carry cargo, carries not more than 12 passengers and operated by the owner or body corporate owning the yacht for commercial use.

The following classes of yachts will be considered for commercial registration:

• Yachts in commercial use of not less than 15 metres in length and not more than 24 metres.
• Superyachts in commercial use of more than 24 metres in length and less than 500 gross tonnes.
• Superyachts in commercial use of more than 24 metres in length and 500 gross tonnes and over.

You may follow the registration requirements by using the link:

https://www.transport.gov.mt/maritime/ship-and-yacht-registry/superyacht-registration-146

Maltese ship may also be a bareboat charter registered under another flag.

III.   Malta Commercial Yacht Code compliance.

In order to be registered permanently under Malta flag the yacht on commercial use needs to meet with the requirements of the Malta Commercial Yacht Code. 

You can download Commercial Yacht Code here 

Produced by Merchant Shipping Directorate of Transport Malta for better serve the yachting industry’s needs the new Commercial Yacht Code 2020 came into force on the  1st January 2021.

Compliance with the Commercial Yacht Code 2020 is verified through a special commercial pre-registration survey carried out by an Appointed Government Surveyor or by one of the listed Classification Societies recognised by Transport Malta:

• American Bureau of Shipping (ABS) b. Bureau Veritas (BV) c. China Classification Society (CCS) d. ClassNK (NK) e. Det Norske Veritas (DNV) f. Germanischer Lloyd (GL) g. Korean Register of Shipping (KR) h. Lloyd’s Register (LR) i. Polish Register of Shipping (PRS) j. Registro Italiano Navale (RINA) k. Russian Maritime Register of Shipping (RS)

There are no trading or age restrictions when it complies with the Commercial Yacht Code.

Ships of 10 years and over, but under 15 years, must pass an inspection by an authorised flag state inspector before or within a month of provisional registration; and

Ships of 15 years and over are required to pass an inspection by an authorised flag state inspector prior to being provisionally registered. As a rule, trading ships of 25 years and over are not registered, however in the particular cases it may be considered.

The Certificate of Compliance is the subject to renewal every five years and is being issued through the renewal survey, analogous to the initial one.

IV.  Appointed resident agent.

For the NON EU / EEA / Swiss national owners as well as, if the owner of the ship is a foreign corporate entity a registration of resident agent in Malta is mandatory.

Shipowner needs to sign a Power of attorney giving the mandate to the appointed agent to carry out the yacht registration on his behalf.

We assist the international owner in process of the commercial yacht registration carrying out the function of the registered resident agent.

V.  Malta Commercial yacht registration procedure.

The procedure of the commercial yacht registration in Malta is streamlined and time optimized.

The registration process consists from two steps:

To apply for the provisional registration the application needs to be completed supporting by the Declaration of Ownership, MLC compliance, Builder’s Certificate, CE Certificate of Conformity, list of radio equipment.

For the yachts over 24 meters International Tonnage Certificate, Minimum Safe Manning Certificate, Certificate of Survey, Continuous Synopsis Record, etc. are also applicable.

A person is given three (3) months to have all documentation completed to apply for permanent registration. Upon good cause being given, this period may be extended on a month by month basis.

Provided all necessary documentation is in order, the Provisional Registration Certificate is being issued by Transport Malta within 2/3 days of application.

Permanent registration should require original Bill of Sale, Carving & Marking note, Certificate of Survey, original Deletion Certificate in case the yacht was previously registered in other flag jurisdiction.

Transport Malta fees are subject to be paid for the registration and depend on length, tonnage and year of building of the ship.

For the younger ships, the progressive reduction in registration and tonnage tax cost scheme is an advantage.

The full list of the documents, required for the commercial yacht registration can be reached out here. (link to the page https://griffithsassoc.com/publication/malta-ship-registration-ultimate-guide-2021/ )

Once we receive all the above details, we prepare all necessary documentation to obtain the provisional Malta registration valid for three months and on the second step – the Certificate of the permanent registration under Malta flag.

VI.  Incorporation of the Shipping Organization.

The process of incorporation of the Shipping organisations in Malta is the same like for the ordinary trading and holding companies.

Maltese company formation is a straightaway process, where the both positions of the shareholder and the director are not restricted by the nationality.

The registered Maltese shipping organisation is a licenced shipping organisation under the Merchant Shipping (Shipping Organisations – Private Companies) Regulations, 2004.

The principal objects of such a company are the ownership, operation (under charter or otherwise), administration and management of a ship registered as a Maltese ship.

Such a Shipping Company may benefit from the Tonnage Tax regime  where the company pays a Tonnage tax instead of income tax on its profits.

Minimum issued share capital requirement is Euro 1,200 subject to 20% paid up.

The low company formation fees amounting Euro 245 for the minimum authorised share capital is also considered as an advantage to incorporate a shipping company in Malta.

We assist our clients with the company incorporation and set up of shipping operations in Malta and international shipping structures using Malta as a shore for chartering and other shipping operations.

We provide such a clients with the accounting, auditing and administrative services for their shipping organizations; prepare the payroll for the crew and seafarers.

The company incorporation service also includes the directorship, company secretary, fiduciary shareholding, registered office, payroll provided by us.

VII.  Tonnage tax regime in Malta.

Every shipowner when purchases a yacht for the commercial use pursue a goal that is not only to gain the profit and also, to reduce the operational costs of the vessel.

The Tonnage tax treatment helps the shipowner to achieve those intentions.

To be qualified as a tonnage tax exempt and enjoy of the Tonnage tax regime in Malta the yacht has to be registered under the name of the shipping organization and to be declared as a Tonnage Tax ship.

Such a commercial yachts are Income tax exempt on any income resulting from their activity and operations

In this case, commercial yachts may benefit from having the profits generated on their shipping activities charged with a tonnage tax rather than income tax.

An annual tonnage tax based on the gross tonnage of the commercial yacht, and the annual registration fees need to be paid.

The minimum tonnage for those vessels is 1,000 gross tonnes.

We inform the shipowner of the annual tonnage tax/fees to be timely paid and liaise with the Shipping Directorate of Transport Malta for any matters related to the yacht.

VIII. Income tax incentives for the foreign establishments.

If the commercial yacht does not qualify as a tonnage tax ship, the yacht financiers may still benefit of the low effective income tax rate of 5%:

• Once, the company with the non-resident shareholding ends the financial year with the profit, Maltese taxation and legal system give those clients the opportunity to apply for the Tax refund, which may be claimed by a shareholder on the tax paid by the Maltese company, upon a dividend distribution. Such a tax refund, which is typically applicable at 6/7ths of the Malta tax paid (35% income tax), is repaid to the shareholder within fourteen (14) days of a submission of a valid refund claim form, and in essence enable an effective income tax rate of 5% in Malta;
• Possibility of tax consolidation for Maltese groups, to eliminate the need to claim tax refunds as aforesaid and wherein to pay directly the effective rate of 5%.

We provide our clients with the tax advisory and tax planning service as for the general conditions and for the particular situations as well; complete and submit the Tax and VAT returns.

IX.  Financial incentives of the Shipping Organization in Malta.

That shipowner, who acquires a yacht in the name of the Shipping organization established in Malta provided such a yacht is fallen under the tonnage tax scheme, may expect more advantages from operating of that Ship organization:

• No Malta tax is payable on any income, profits or gains derived from the sale or other transfer of the tonnage tax ship or from the disposal of any rights to acquire a yacht, which qualifies as the tonnage tax;
• No further Malta tax is chargeable on any gain deriving on the liquidation, redemption, cancellation or any other disposal of shares, securities or any other interest, including goodwill, held in any licenced shipping organisation owning, operating, administering or managing the tonnage tax ship;
• No Malta tax is chargeable upon the distribution of dividends on profits generated by the shipping organization, though the shareholder is a corporate entity;
• No stamp duty on the registration of the tonnage tax ship under the Merchant Shipping Act;
• No stamp duty on the sale or other transfer of the tonnage tax ship;
• No stamp duty on the issue, purchase, transfer, assignment of any security or interest of the licenced shipping organisation.
• VAT on short-term charters commencing in Malta is charged at reduced rates and depends on yacht’s lengths and the duration of spending within EU waters.

The Malta VAT department has issued guidelines for those charterin.

The chartering period for such a case is limited of 90 days.

Our tax advisory department cares of the financial interest of our clients advising the owners in international taxation, regulatory obligations and Maritime law.

X.  Other benefits and contributions.

On a final note, we would like to welcome to Malta the Ship Organizations, which support the “green solution” greening the existing Maltese commodity shipping fleet also increasing it with the new low emission ships.

Optimizing the efficiency of existing vessels using the new types of fuel is an immediate, significant, profitable, measurable, and repeatable component of marine decarbonisation saving the waters around our precious island.

We invite the shipowners to register their yachts in Malta and apart from the economic benefits to contribute to the sport sector promptly growing nowadays making Malta a popular place throughout the world maritime community.

Every yacht owner may participate in the international yachting annual event – Rolex Middle Sea Race starting in Malta’s spectacular Grand Harbour.

Settling the Shipping Company in Malta and getting the boat registered under Maltese flag, every shipowner can become a member of the Royal Malta Yacht Club, which is luxuriously located in a very fashionable area and enjoy with the additional benefits from the Club membership.

Bareboat charter registration in Malta

A bareboat charter is an agreement for the chartering or hiring of a ship, yacht or boat with no crew or provisions included.

In yachting a bareboat charter is usually for a short period and typically refers to sailing yachts, including catamarans.

A short chartering is considered as a lease of a boat for the arranged period by the agreement, during which the bareboat charter register in the name of the charterer under the Maltese Flag.

Charterer that is eligible to register a bareboat charter can be either corporate entity or other person qualified to own a Maltese ship.

Maltese law provides both for bareboat charter registration of foreign yachts under the Malta flag and also for the bareboat charter registration of Maltese yachts under foreign flag.

To benefit from the bareboat chartering in Malta the foreign yacht shall be registered in a compatible to the Maltese Ship Registry, such as Belgium, Cyprus, France, Gibraltar, Panama, Russia Federation, Turkey, Ukraine and some others.

Yachting bareboat charter registered in Malta enjoys the same right and privileges, and has the same obligations as any other yacht registered in Malta.

Yachting bareboat charter is subject to benefit from the VAT finance leasing structure (Item 12 of Part 2 of the Third Schedule to the VAT Act).

The requirements and registration procedure for the bareboat charter registration in Malta are similar to the yacht registration under Malta flag.

You can find more information and the documents need to be produced for the bareboat charter registration by following the link: https://www.transport.gov.mt/maritime/ship-and-yacht-registry/superyacht-registration/bareboat-charter-registration-151

Registration fees and annual tonnage tax for bareboat charter registration are the same as applicable for the normal registration.

Maritime service - Malta flag providing by Griffiths + Associates:

Appointed as a resident agent we help our clients to complete the file of the documentation needed to follow the yacht registration procedure and assist to the ship owners with all the formalities in registering a vessel liaising with shipping Directorate of Transport Malta to obtain the Ship Registry Certificate.

We act on behalf of the non – Maltese resident individual ship owner or corporate entity during the registration procedure as an appointed resident agent.

We deal with the Shipping authority as regards to the annual tonnage tax compliance.

Those ship owners, who register their vessels in the name of the corporate entity, we provide with the following services:

• We help the ship owner to incorporate a company for the ship owning.
• We provide the ship owner with services, such as opening the bank account, auditing and accounting services, payroll for captain/crew, and other legal formalities.
• We advise the ship owner with the respect to legal, maritime tax and regulatory obligations.

Reviewing the advantages of the yacht registration in any country of the European Union the ship owner needs to be aware the procedure of the yacht registration , VAT status and the resident status of the ship owner are obviously different matters, which are independent but at times related.

Our company may provide bespoke advice for the interested clients considering of the requirements of the different ship jurisdictions including VAT status and the residential status of the ship owner.

Griffiths + Associates advises the clients following international and Maltese laws and clients choose Malta to establish or expand their business and to register a yacht and enjoy owning it in Malta or anywhere else.

Author: © By Liudmyla Skryvanek

• Corporate Services Malta
• Malta Company Registration
• Tax in Malta
• Business Outsourcing
• Accounting Services (CPA)
• Audit, Assurance and Reporting
• Trusts, Foundations, Associations
• Funds, Investments and Regulated Financial Services
• Maritime – Malta flag
• Immigration – Malta Residence

Our company’s mission – to provide quality financial services to our esteemed local and international clients, keeping their needs at the centre of our ethos; going the extra mile to efficiently and effectively assist them in growing and fulfilling their business and personal needs.

Need Our Assistance With Registration Your Ship Under Maltese Flag? Get Support From Our Specialised Professionals:

Liudmyla Skryvanek

Maritime Connections Worldwide Expert

We provide full array of maritime services:

• Advisory services to individuals and legal entities who wish to register yachts under the Malta Flag.
• Services on the adoption of efficient tax structures at maximising the particular needs of the yacht owner.
• Malta Company Registration.
• We may act as a resident agent for the registration of a company in Malta to act as owner of the yacht and liaise with certified surveyors as well as the shipping Directorate of Transport Malta in order to have the provisional / permanent registration.

Malta Business Publications:

We continue discussing issues related to client onboarding in the context of Corporate Services

Griffiths + Associates’ Client Onboarding Process

Reasons to relocate yourself and your business to Malta

Discussing a rather ambiguous question: “Is Malta a tax haven?”

Malta Nomad Residence Permit, new tax rules 2024

EU funding | Business Grants and other incentives for startup

Malta Yacht Registration Process

Malta offers  numerous  potential benefits and appealing incentives to yacht owners who register their vessels under the Malta flag. Any type of marine vessel, be it large cruise lines, super tankers or private yachts may be registered in Malta. Yachts, depending on their intended use, can be registered under the Maltese flag, as either private pleasure yachts or as a commercial yacht.

Whether your yacht is private or commercial, the process for registering a yacht in Malta is very straightforward and simple, and there are various advantages which the yacht owners could avail of.

STEP 1: Provisional Registration

Maltese Flag Yachts are first registered provisionally for six (6) months for the finalisation of the documents. Once all the required documentations are provided and the applications are submitted to the Authority for Transport in Malta, a non-operational Provisional Certificate Malta Registry is issued if fees are paid. Once evaluated, the Authority for Transport in Malta submits the necessary documents to the classified society for the issuance of the relative safety certificates, Certificate of Survey and International Tonnage Certificate.

STEP 2: Permanent Registration

After the provisional period, the Authority for Transport in Malta may require additional requirements depending on the type of vessels for the issuance of the permanent Certificate of Malta Registry. The Certificate is annually renewable from the date of registration.

Fly the Malta Flag: Advantages of Yacht Registration in Malta

Yacht registration in Malta offers a number of benefits, which include the following:

Anyone can register a yacht under the Maltese flag;

Simple and very efficient procedures for the registration, transfer, and deletion of Maltese yachts;

No restrictions on the sale or mortgaging of Maltese registered yachts and superyachts;

Low company formation, ship registration and tonnage tax costs;

Attractive tax incentives to yachts and superyachts owners encouraging commercial operation;

Massive presence of an active superyacht industry and world class berthing facilities;

Serious and efficient maritime administration;

Easy access to decision makers within the competent authorities;

24-hour availability of officers at the authority for transport in Malta;

Availability of technical, legal, corporate and tax administration expertise;

All business is conducted in the English Language;

A large and expanding double tax treaty network;

Simplicity when submitting a tax return, either in an established form or in terms of the Income Tax Management Act;

A sovereign state, member of the European Union with political, fiscal and social stability.

Yacht Registration Malta: Types of Vessels

Private yacht.

The Merchant Shipping Directorate considers a private registered yacht to be any pleasure yacht, of 6 meters in length or more, which does not carry passengers for reward and is not engaged in trade but is used for the sole purpose of the owner.

Commercial Yacht

Yachts operated for commercial use which are 15 meters in length or more, do not carry cargo and carry no more than 12 passengers, can be registered as commercial yachts subject to compliance with the requirements of the Commercial Yacht Code drawn up by the Merchant Shipping Directorate within the Authority for Transport in Malta. The Code set the required standards of safety and pollution prevention.

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  Malta Flag Yacht Registration

SHIPPING & YACHTING SERVICES

Backed by our expertise, high level of service, our dedication as well as our contacts within the super yacht industry in Malta, CSB Group is uniquely able to offer an integrated service for our clients’ yachting requirements. As a one-stop shop, CSB Group is one of the Malta-based specialists in yacht services with the necessary expertise to handle a variety of services including the registration under the Malta Flag. Under the Malta Flag a yacht may be registered as a Private yacht or a Commercial yacht.

Yachting in Malta

Malta has, for years, been a maritime nation of repute. Its strategic location in the centre of the Mediterranean, natural harbours and extensive range of maritime services such as shipbuilding and repair, Freeport, bunkering, ship supplies and towage services have contributed to making Malta a leading maritime hub. The island’s location has given it great strategic importance and Malta is now recognised as being an entree-port to the EU.

Besides offering world-class berthing facilities to the superyacht industry, Malta offers yacht owners several attractive solutions. As a one-stop-shop, CSB Group, via their dedicated team can provide the required professional and dedicated assistance on temporary importation, onward supply relief, commercial yacht registration and VAT-efficient finance leasing structures to name a few.

Notably, there are two main types of yacht registrations under Maltese Law; one may either register their yacht as a pleasure yacht wherein the yacht could be used for personal reasons or for charters within Maltese territorial waters, or else one may alternatively register their yacht as a commercial yacht wherein the yacht could be used for commercial reasons including the option of sailing and chartering outside Malta’s territorial waters.

As of the end of December 2020, there were a total of 4630 yachts under the length of 24m registered under the Merchant Shipping Act. The number of Superyachts over 24m in length flying the Malta flag has increased from the previous year by 6.6% to a total of 859 Superyachts. Malta continues to maintain its position as a leader in ship and boat registration, as the largest register in Europe, as well as the 6th largest register in the world in terms of gross tonnage.

The benefits of registering a yacht under the Malta flag

• Competitive yacht registration costs;
• Low company formation and registration costs;
• Attractive tax incentives to yachts and superyachts owners encouraging commercial operation;
• 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 registered yachts;
• No trading restrictions
• Straightforward Registration Process;
• Serious and efficient maritime administration;
• Flag state inspectorate to ensure adherence to international standards;
• A sovereign state, member of the European Union with political, fiscal and social stability;
• A dynamic registration with one of the largest ship registers in the world and very active in EU for and international organisation such as the IMO;
• 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.

Malta Yacht Registration Process

The CSB Group team of advisors provides full support throughout the whole process required to register a yacht in Malta.

1. Submission of Documents

The CSB Group team will assist you from start to finish to successfully obtain a permanent registration certificate smoothly and efficiently. As your advisors, we would act as an intermediary between yourself and Transport Malta to draft certain documents and submit all the documents required to complete the two-step registration process, consisting first in obtaining a Provisional Certificate of Malta Registry, valid for six (6) months, and subsequently a Permanent Certificate of Malta Registry. 

2. Provisional Registration

After the necessary initial documentation is provided to Transport Malta, if the application for registration of a yacht under the Maltese flag is to the satisfaction of the authority, a Provisional Certificate of Malta Registry will be issued against payment of the relative fee, which shall be valid for a period of six months (subject to further renewal). The same Authority will immediately communicate to the indicated classification society requesting inspection with a view to the issue of the relative documentation (if required).

3. Permanent Registration

Once provisionally registered, for permanent registration to be obtained, we would assist in submitting any additional original documentation required by the Transport Malta during the term within which the yacht holds the provisional registration certificate. 

In the event that the vessel has not been permanently registered after a year, registration must commence anew and the appropriate forms re-submitted and fees paid anew. Additional specific requirements may be imposed by the Transport Malta. Once obtained, the Permanent Certificate of Malta Registry is renewable on an annual basis from the date of initial registration at a fee, which we can also assist with as owner representative and/or resident agents.

Ancillary Yacht Services

Yacht financing.

Through a healthy working relationship with an independent and licensed European yacht leasing company, CSB Group is able to offer support in relation to obtaining a financial or operating lease for the purpose of completing the financing of yachts.

Tax Structuring & Administration

Structuring of tax efficient yacht owning framework.

Co-ordination of Temporary Importation Procedure

This procedure enables yacht owners, who are non-EU residents and whose yachts do not fly a Maltese flag, to stay within the EU and move freely within EU territorial waters for a period of 18 months. 

During these 18 months, the yacht can move freely with no further customs formalities and should the boat be laid up for any period of time it is also possible to disregard such laid up period for the purpose of reckoning the 18-month period. After such period however, the yacht would need to be exported out of the EU. In such a procedure, customs duties or VAT are not paid on the value of the yacht. 

Notably, should you opt to avail of this procedure, the Customs Authority in Malta will require the provision of a security or guarantee to cover the payment of the customs duties and VAT which would become due if the yacht does not leave EU territory.

Change in Registration Type with the Malta Flag

We can also assist in changing from the type of registration the yacht has been registered under the Malta Flag. Notably, changing from a commercial registration to a pleasure one would be a smoother transaction since there are less criteria to be satisfied for a yacht to be registered for private use. On the other hand, we may assist with change a pleasure registration to a commercial one, provided that the yacht is of 15 metres in length or more but not more than 3000 gross tonnes, does not carry cargo, carries not more than 12 passengers and is operated by the owner or body corporate owning the yacht for commercial use. In this regard, the Malta Commercial Yacht Registration considers the following classes of yachts

• Yachts in commercial use of not less than 15 metres in length and not more than 24 metres;
• Superyachts in commercial use of more than 24 metres in length and less than 500 gross tonnes; and
• Superyachts in commercial use of more than 24 metres in length and 500 gross tonnes and over but less than 3000 gross tonnes. 

Upon satisfaction of the above criteria, we will assist in the sorting out of all necessary elements for obtaining the commercial yacht certification, once the Commercial Certificate of Survey and the International Tonnage Certificate have been duly issued by the surveyor. This includes liaison with the registration and technical departments at Transport Malta in order to progress with the issuance of the Commercial Certificate of Registry. Simultaneously, we will also assist in liaison with the radio licencing department at Transport Malta to enquire whether anything would need updating considering the change in registration.

Yacht Certification

Sorting out of all necessary elements for commercial yacht certification.

Documentation Reviews

Evaluation of various documentation, including amongst others loan and security agreements, sale and purchase agreements, and mortgages..

Statutory Mortgage Deeds Procedures

Registration, amendments, transfer & discharge of contracts registered over Malta registered yachts.

Enforcement of Claims

Against Malta registered yachts or within Maltese territorial waters.

Crewing & Compliance Regulations

Handling on-going formalities with the relevant Maltese authorities. Importantly, commercial superyachts (more than 24 meters long) require a Minimum Safe Manning Certificate while commercial yachts (less than 24 meters long) are not required to obtain said certificate, but must adhere to the manning requirements found in the Commercial Yacht Code. Furthermore, foreign certificates in respect of the STCW 78 Convention need an endorsement from the local administration. 

On another note, the crewing of Maltese yachts is extremely flexible as it does not impose restrictions on the nationality of the crew (including master and officers). 

Deletion from Registry

When the owner of a Maltese registered ship or yacht wishes to effect a transfer to a foreign registry, an application to this effect would need to be sent to Transport Malta, accompanied by a number of documents as requested by the authority, which application we can assist with from start to finish to ensure a smooth process in the attainment of a Deletion Certificate from the Malta Registry.

Naturally, if you have any questions or clarifications please do not hesitate to contact us on  [email protected]  and should you seek to engage us to assist you with the above, we would be able to guide and advise you further with a step-by-step procedure on what would be required in terms of due diligence, fees and the overall process.

Key Contacts

Manager - Legal

Legal Advisor

OUR SERVICES

Shipping & Yachting Services

We offer the following related services.

Malta Flag Ship Registration

Incorporation of a shipping company, international ship owner bareboat charters, ongoing shipping support, registration of mortgages on malta flagged vessels, temporary importation and onward supply relief, yacht vat leasing in malta, registering a small ship under the maltese flag, yacht charters in malta, family office services, testimonial.

This is to express my absolute satisfaction in my dealings with Sacha Farrugia in the process of opening my company over the last few weeks. I was really blown away with their level of professionalism and customer service. They went above and beyond to ensure that all of my questions and curiosities were met and understood, and their level of knowledge was excellent. I would have no problem recommending your company to others in the future and will continue to use your services myself.

Phoenix Classic Charters Limited

"We have used CSB Group's Yachting Services in Malta and we would like to highlight the team's professionalism and reliability throughout the registration process of our vessel. We were very pleased and very appreciative of the great availability of the staff to help us and answer our questions."

Stephanie Butikofer

Tikiaora Inc Limited of Tikiaora

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Need our assistance with shipping & yachting services?

CSB Group is authorised by the MFSA to register vessels under the  Maltese flag  in terms of the Company Service Providers Act, 2013. Get support from our specialised professionals.

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Malta Yacht Registration

Introduction.

Malta is one of the most popular EU ports of registry for yachts.

Oceanskies (Malta) Limited is a Malta based yacht documentation agency that is responsible for a significant percentage of yacht registrations in Malta and the purpose of this guide to highlight the many advantages of the register and to introduce the Maltese yacht registration services that we provide.

About Malta

The Republic of Malta is situated in the centre of the Mediterranean, south of Sicily, east of Tunisia and north of Libya.

Malta gained its independence from the United Kingdom in 1964 and became a republic in 1974. In 2004 Malta joined the European Union.

Malta has a centuries old Maritime tradition and is well regarded as a leading international maritime service centre.

History of the Malta Register of Ships

The modern day Malta Register of Ships was established in 1973 as an open international register of shipping.

The regulator of the Malta Flag, the Malta Maritime Authority, was set up In 1991 the Malta Maritime Authority was established as the regulator and administrator of the Malta Register of Ships.

In 2010, the Malta Maritime Authority was incorporated into Transport Malta (TM) which is a governmental body responsible for maritime, land and air transport in Malta.

Port of Registry

The sole port of registry under the Malta flag is Valletta. This means that the word VALLETTA appears on the stern of all Malta registered vessels.

The Flag (‘Ensign’)

The Malta merchant ensign was adopted on the 12th November 1965. The design of the ensign was based on the flag flown by the Knights of the Order of St. John in Malta up to 1798 to which a white border has been added.

The Certificate of Malta Registry

Upon completion of registration formalities a Malta registered yacht is issued with a Certificate of Malta Registry valid for one year from the date of issue.

Eligibility – Yachts

Malta will accept private pleasure yachts of any size and commercial yachts over 15 metres in length that are based and operated anywhere in the world.

Eligibility – Owners

Malta is an international register meaning that the register is not just restricted to Malta registered companies or Maltese citizens; in fact the following citizens and companies may register a yacht in Malta in their own name:

• Any European citizen 
• A company or other body incorporated in any jurisdiction

A European citizen or a non-Malta company registering their yacht in Malta is known as an international owner.

An international owner must appoint a local resident agent in Malta to act as a channel of communication between the international owner and the registry in respect of all matters relating to the upkeep of their yacht’s registration and to act as the owner’s judicial representative in Malta. 

Oceanskies provides this service on behalf of international yacht owners through Oceanskies (Malta) Limited.

Summary of Features & Benefits of Yacht Registration in Malta

• Malta is a neutral, politically stable and well-regarded jurisdiction
• Government funded, operated, backed and staffed ship registry
• Neutral port of registry marked on the vessel, with ‘Valletta’, holding the reputation of a quality register that is familiar to port and customs authorities around the world
• High service levels driven by a customer first service ethos resulting in quick turnaround of applications
• No priority or rush fees – all applications are dealt with on a timely basis
• Wealth of experience – many yachts current on the register
• European time zone
• Malta registration is valid internationally and documentation issued in English so widely understood.
• Malta registered yachts do not have to ever physically visit Malta
• Ability to obtain a provisional registration to cover vessel for navigation immediately after purchase
• The Malta Register of Ships provides proof of title and enables the owner to register a mortgage on the vessel
• Yachts can be coded and operated as commercial charter yachts on the register
• Entitlement to register includes all EU citizens which can avoid the need for company formation for the majority of potential clients
• Malta has no nationality restrictions for crew giving yacht owners flexibility in whom they employ as crew onboard their vessel
• No minimum manning policy for private yachts 

Malta Yacht Registration By Oceanskies

Oceanskies (Malta) Limited provides a fixed fee yacht registration service to all yacht owners wishing to take advantage of the benefits of Malta registration for their yacht.

The registration service results in Oceanskies taking responsibility for the entire registration process on behalf of the owner.

Our fees include all registry fees and disbursements to provide the internationally recognised Certificate of Malta Registry valid for ten years and, if applicable, a radio licence for the vessel.

Example Pricing

Our fixed fee yacht registration package for the Malta  registration of any  private yacht under 24 metres in length overall and under 50GT lying within the EU costs EUR 3,000.00 in year one and then EUR 1,500.00 per annum in second and subsequent years and includes:

• Provisional Certificate of Malta Registry valid for six months
• Full permanent Certificate of Malta  Registry
• Provision of Malta resident agent
• Tonnage Survey Onboard vessel lying in EU
• All registry fees
• Radio licence allocating call sign & MMSI number

Crew Employment & Payroll for Malta Registered Yachts

Through Oceanskies Crew Limited we are able to provide crew payroll outsourcing services from for crew working onboard Malta registered vessels.

This service is a very popular ‘bolt on’ service for our clients as it simplifies the employment of the crew of their Malta registered yacht.

The yacht owner engages Oceanskies Crew Limited to employ and pay the crew of their vessel through a crew services agreement. As employers, Oceanskies Crew Limited issues the crew with contracts in line with the Marine Labour Convention guidelines, pays them, issues payslips, sea service testimonials etc.

Oceanskies Crew Limited can also handle Malta social security contributions.

For further information please refer to the crew employment and payroll section of our website at the following link:

• Oceanskies Crew

Other Malta Yacht Registration Services by Oceanskies

Oceanskies are able to provide a range of stand alone fixed fee additional registration services including:

• Obtain provisional Malta registration valid for six months;
• Provision of Malta resident agent enabling foreign owners access to the register;
• Registration of new owner details in event of vessel transferring to a new owner qualified to maintain the Malta registration of the vessel;
• Drafting of sale documents such as a Bill of Sale in the Malta format and any supporting documentation required by the Buyer of the vessel;
• Transfers of vessel registration to Malta from other registries, (and vice versa);
• Performance of tonnage surveys and issue of Certificates of Survey for Malta registration;
• Effect change of vessel name;
• Make amendments to registered particulars of vessel;
• Manufacture and supply of tonnage plates displaying official number for Carving & Marking purposes;
• Registration / discharge of marine mortgages;
• Arrange deletion / cancellation of Malta registration to provide a Closed Transcript of Registry (Deletion Certificate); and
• Obtain Current Transcripts of Registry to provide at the time of issue a ‘snapshot’ of the register confirming: – Vessel dimensions and particulars such as the builder, length, breadth, tonnage, year of build and engine details; – Details of the current registered owner; and – Details of any mortgages or encumbrances such as a bank loan registered against the vessel.

Please do not hesitate to contact for a free no obligation proposal for any of our Malta yacht registration services or any general yacht registration query that you might have.

Relevant Guides

More information, who to contact.

Oceanskies on Instagram

Oceanskies on twitter, guernsey office.

Oceanskies Limited Castle Emplacement St. Peter Port, Guernsey GY1 1AU Channel Islands, Great Britain

Oceanskies Support Services Limited International House Solent International Business Park George Curl Way Southampton SO18 2RZ Great Britain

Malta Office

Oceanskies (Malta) Limited Premiere Business Centre, Suite 1, Level 2 Constitution Street Mosta MST 1750 Malta

Email Crew: [email protected]

Email Registration: [email protected]

Call: +44 1481 711994

Oceanskies Limited is registered in Guernsey (company number 56102) | Registered Office: Castle Emplacement, St.Peter Port, Guernsey GY1 1AU, Channel Islands, Great Britain

Oceanskies Support Services Limited is registered in the United Kingdom (company number 14539527) | Registered Office: 80 Grove Lane, Holt, Norfolk, United Kingdom, NR25 6ED

Oceanskies Malta Limited is registered in Malta (company number C 77899) | Registered Office: Premiere Business Centre Suite 1, Level 2, Constitution Street, MOSTA, MST 1750, Malta

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Yacht Registration Is On The Rise – Where To Register Your Pleasure Yacht?

Contributor.

The global tourism industry was brought to a halt as COVID-19 restrictions saw holidays being cancelled 'en masse' last year. As international travel looks to be opening up again, HNWIs will play a key role in reviving the sector and one particular trend we have seen them be part of, is the purchase and registration of private yachts and/or the chartering of private yachts.

Registering your Yacht

As with any valuable asset, the ownership structure of your yacht must be carefully considered and the jurisdiction in which the yacht is to be registered is also very important. The flag chosen for registration is one of the most important decisions. Dixcart has extensive expertise in registering yachts in a variety of jurisdictions, where we have offices, in order to help simplify the process. Here are also some top tips to think about when registering your yacht: Luxury Yachts - Top Tips for Tax Efficient Registration .

Here is a snapshot of some of the best jurisdictions for yacht registration around the world:

Cyprus is a key maritime centre and is recognised as one of the most accessible registries in the EU. It has not only grown in size in the last two decades but has also made a considerable effort to increase the quality of its fleet and related services. As a result, the Cyprus flag is now classified on the whitelist of the Paris and Tokyo MOUs*.

Due to its strategic location at the gateway of Europe, Africa, Asia, and the Middle East, it is a hub for shipowners and investors from all over the world, and there has been a rapid growth in the number of Cyprus shipping companies in recent years.

The procedure for registering vessels under the Cyprus flag has been designed to attract foreign investment and to build a dependable reputation, to be recognised by all of the international shipping authorities.

Cyprus offers competitive yacht registration fees, low ongoing annual fees for yacht owners, and an attractive tax treatment for officers and crew working on a Cyprus registered yacht (whereby they are not subject to income tax), as well as a series of other tax advantages including no tax on profits from operational or management profits, no tax on income or dividends received from a ship management company, and a favourable tonnage tax scheme, based on gross tonnage.

The common practice for those wishing to register a vessel under the Cyprus flag is to incorporate a company in Cyprus, which will either acquire the yacht in its name, or bareboat charter the yacht. Cyprus offers a competitive rate of corporate income tax at 12.5% and low operating costs for Cyprus-owned companies. In addition, there is no estate duty on the inheritance of shares in a Cyprus shipping company and no stamp duty is payable on the ship mortgage deeds.

Find out more: Key advantages of registering your pleasure yacht in Cyprus

As a crown dependency, Guernsey has a very reputable yacht registry. It is a member of the 'Red Ensign Group' of British ship registries and its yachts enjoy the high standards associated with the red ensign flag.

By registering a yacht in Guernsey, owners can benefit from the advantages of a tax efficient and stable jurisdiction and the favourable tax laws of the Bailiwick of Guernsey. There is also the advantage of using a Guernsey Corporate structure to own and operate a yacht which can provide asset protection for the owner, together with other benefits.

Guernsey registration is valid internationally and all documentation is issued in English which is widely accepted around the world. There are no requirements for a Guernsey-registered yacht to physically visit Guernsey and owners have the ability to obtain a provisional registration to cover the vessel for navigation immediately after purchase.

Another very attractive factor is that Guernsey is outside the VAT territory of the EU making the register useful for non-EU resident owners wanting to operate their vessel VAT free in Europe, and who are eligible to do so under Temporary Admission (Temporary Importation) relief.

Find out more: Benefits of Registering a Yacht in Guernsey

Malta has the largest shipping register in Europe and is the sixth largest in the world. The procedure for registering a yacht in Malta is relatively straightforward; the Maltese authorities are approachable, whilst at the same time, meticulously follow a rigid framework of guidelines and regulations, creating a cutting edge for Malta within this sector.

The Malta flag is a European flag, a flag of confidence and a flag of choice.

Many leading international banks and financiers often recommend the Maltese register. This is due to the several advantages available:

• No trading restrictions and preferential treatment in many ports.
• The Maltese flag is on the white list of the Paris MoU, Tokyo MoU and on the Low Risk Ship List of the Paris MoU*. In addition, Malta has adopted all international Maritime Conventions.
• All yachts can be registered in the name of legally constituted corporate bodies or entities (irrespective of nationality), or by European Union Citizens.
• A Maltese yacht may also be bareboat charter registered under another flag.

Provisional registration is valid for six months, although this can be extended by a further six months; by this time all of the documentation must have been completed for the permanent registration.

Individuals interested in registering their yacht in Malta, might wish to consider using a Maltese Cell Company. Shipping and Aviation Cell Company Regulations provide the opportunity to use a new cell structure for companies operating in the fields of shipping and aviation, and are treated as separate legal entities. This means assets and liabilities relevant to the individual cell can be segregated from the assets and liabilities of non-cellular elements, and from the other cells which may be held within the structure. A relatively simple example might be where one cell owns yacht A, the second cell owns yacht B, the third cell owns yacht C, and cell D owns the business matters in relation to 'yacht management'. They can all be separated within the structure to ensure extra protection of the assets.

Malta is continuously reviewing their maritime legislation and introducing new regulations, 'leading the way' in terms of new initiatives in this sector. This includes yacht owners that have larger vessels and need to meet obligations for commercial passenger ships.

It is widely recognised when considering the operational pattern and risk profile of yachts, that these requirements, are in some instances disproportionately onerous and impractical in terms of design and implementation. As the trend for larger commercial yachts is growing, the 12-passenger limitation rule has become more problematic, resulting in an increase in administration for a number of organisations. This, combined with encouragement from the yachting industry, has provided impetus for Malta to develop the 'Passenger Yacht Code', to meet industry demands.

The introduction of the 'Malta Passenger Yacht Code' is applicable to passenger yachts which carry between 12 and 36 passengers, do not carry cargo, and which sail internationally. It is certainly a welcome development for those who plan to register larger commercial yachts under the Malta flag. It offers a solution to the many technical issues and concerns which were previously faced by prospective registrants.

Find out more: Why Malta is a great location for flagging or reflagging a yacht

PORTUGAL - MADEIRA

Madeira is part of Portugal and has full membership of the EU. This enables yacht purchasers to fully comply with EU legislation and the International Shipping Register of Madeira (MAR) is internationally recognised as a credible and competitive option in comparison to other shipping registers.

MAR maintains the high quality and safety standards of an EU register. It is regarded by the International Transport Workers' Federation (ITF) as a flag of convenience and is included in the Paris Memorandum of Understanding (MOU) White List*.

An advantage of registering a yacht in Madeira is that it is an EU Register which allows full access to navigation in EU waters without any types of restriction for either commercial or private yachts.In addition, its EU standing has the advantage of providing substance to the VAT status of yachts registered in Madeira that operate within EU waters.

Madeira also takes into consideration the purchase of second-hand yachts. Portuguese VAT is applied to the lower acquisition price, as rules allow for devaluation suffered by the yacht (deemed market value). This can lead to a significant reduction in VAT.

Yachts that are commercially registered in MAR and are (i) used for navigation on the high seas and (ii) engaged in commercial/charter activities, benefit from several VAT exemptions:

• the acquisition price of the yacht;
• repair, modification and maintenance operations of the yacht;
• fuel and oil supply;
• the supply of goods (provisions) to have on board; and
• the supply of equipment.

In addition, there are no citizenship requirements for the crew, and they are exempt from personal income taxes. The crew also benefit from a flexible social security regime; crew members are not obliged to contribute to the Portuguese social security regime, provided that an alternative pension scheme is guaranteed.

As mentioned above, when we have looked at other jurisdictions, many yacht owners choose to register their vessel via a company structure. The International Business Centre of Madeira (MIBC), with its advantageous tax regime, provides a highly competitive package of tax benefits. Its reduced direct taxation, with effective corporate income tax rate of 5% until 2027, combined with an exemption from withholding tax (providing the shareholders are resident in an EU jurisdiction) on payments of dividends, interest, and royalties to non-residents of Portugal, make s it an attractive location for yacht operating companies.

Madeira companies also benefit from automatic VAT registration on incorporation and are instantly provided with a VAT registration number. This makes it easier for such companies to take advantage of the various benefits available.

Madeira yacht owning companies are exempt from the initial yacht registration fee and receive a 20% reduction in the annual yacht registration fee. Plus, withholding taxes on dividends can be eliminated by routing the investment in the Madeira company through an EU holding company, for example a Maltese holding company.

Find out more: Why consider Portugal for yacht registration?

Dixcart Air Marine assists clients who own, or wish to own, a yacht. Our team of experienced professionals can provide a wide variety of services including; pre-structuring and ownership advice, registering the yacht, the accounting, added value services, tax planning, assistance with crewing and payroll (if required), and ongoing annual requirements.

*White List Paris and Tokyo MOUs: Flags securing the highest rating in relation to the Memorandum of Understandings on Port State Control.

Full Fiduciary Licence granted by the Guernsey Financial Services Commission. Guernsey Registered Company Number: 6512.

Originally published 27 October 2021

The content of this article is intended to provide a general guide to the subject matter. Specialist advice should be sought about your specific circumstances.

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Malta Yacht Registration latest updates

Malta yacht registration – latest updates:.

Tuesday 24 November was a busy day for all those connected with the Malta Yacht Registration industry.  Despite the challenges brought by the Covid19 pandemic, the Maltese ship registry announced really exciting updates.

Biggest Superyacht register worldwide

The Transport Minister for Malta announced that “The Malta shipping register is now the biggest register worldwide of superyachts, with 850 vessels bigger than 24m”.  This was a 7% increase over 2020 following last year’s impressive increase in Ship Registration .

Improved Commercial Yacht Code (CYC) 2020

In the meantime, the Transport Malta Registrar announced that a new and improved Commercial Yacht Code (CYC) 2020 shall be applicable to all commercial yachts and is effective as from the 1st January 2021. Existing commercial yachts already certified in accordance to the CYC 2015, shall comply with the requirements of the CYC 2020 by not later than the yacht’s first periodical survey carried out after the 1st June 2021.

MS Notice 165

An MS Notice 165 was issued in relation to Training and Certification of Crew engaged on Yachts and Workboats (International Voyages).

Malta Passenger Yacht Code (PYC) 2020

Transport Malta also issued a draft version of the Malta Passenger Yacht Code (PYC) 2020 and has now started a 3-month long consultation period.  The PYC is specifically designed and intended for Passenger Yachts ≥ 500 GT, which carry more than 12 passengers up to 36 passengers, carry not more than 200 persons, which do not carry cargo and which are engaged on international voyages.

Browse our website for more information.

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Malta Yacht Registration Summary

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This information is subject to change and should be confirmed with the respective agency.

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Malta Yacht Registration Register your boat under Maltese Flag

Malta Yacht Registration – let us take care of it!

The registration process in Malta is very straight forward, if you know your way around it. Malta Yacht Registrations can register your vessel with a provisional registration of 6 months within 2/3 days, if you have provided us with the correct documents. This provisional registration can be used all over the world while we continue with your permanent registration.

Anyone can own a yacht under the Maltese flag but EU, EEA and Swiss nationals may hold the yacht under their personal name while others 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 even in the EU. The place of residence of the owner is not relevant at all.

If the owner is not resident in Malta or the yacht is not owned by a Maltese company we will act as the vessels resident agent. This is a big advantage when compared to other EU vessel jurisdictions which usually require the person to be resident in the country concerned.

In order to receive the permanent registration, we will have to send Maltese Registrar of Ships additional documents but as mentioned we have 6 months to comply. If you cannot get all paperwork finished within 6 months we will apply for an extension giving us another 6 months to collect the papers needed.

Malta Boat Registration Advantages:

• Tax Benefits: Malta offers one of the most attractive tax incentives for yacht owners in the EU. Owners can benefit from a reduced VAT rate on the value of the yacht, as well as significant tax savings on income generated from the yacht.
• Flexible Registration Options: Malta offers a range of registration options, including commercial and pleasure vessels, which means that owners can choose the registration option that best suits their needs.
• High Standards of Safety: Malta is a member of the International Maritime Organization (IMO) and the European Maritime Safety Agency (EMSA), which ensures that Maltese-registered vessels are held to high standards of safety and compliance.
• Efficient Registration Process: The Malta flag registration process is known to be efficient and relatively quick, with most applications processed within a few days.
• International Recognition: Malta is a reputable jurisdiction that is recognized internationally, which means that Maltese-registered vessels are accepted in most ports around the world.
• Low Maintenance Costs: Malta has a well-developed marine industry that offers competitive prices for yacht maintenance and repairs, which means that owners can benefit from low maintenance costs.

Restrictions on certain vessels There are no age restrictions on pleasure yachts or yachts registered under the commercial yacht code.

Note on older vessels:

• Vessels of 15 years and over, but under 20 years must pass an inspection by an authorised flag state inspector before or within a month of provisional registration end
• Vessels of 20 years and over but less than 25 years must pass an inspection by an authorised flag state inspector prior to being provisionally registered.
• Vessels of 25 years and over require express permission by the authorities to be registered.

Pleasure Vessel Registration In Malta

Documents required for the Pleasure Registration of a vessel:

• Original memorandum and articles of owning a company, only incase the owner of the vessel is a company
• Recent good standing certificate of owning company, only incase the owner of the vessel is a company
• Previous ITC (if vessel over 24 meters in length) - in case of new build ITC issued by the builder.
• Declaration of antifouling (if vessel is over 24 meters length)

Documents required for permanent registration:

• Original Builders Certificate (in case of new building)
• Original bill of sale
• Original certificate of survey
• ITC (if the vessel is over 24 meters in length)
• Carving and marking note duly signed
• Original deletion certificate
• Surrender the original provisional certificate

Recognised organisations: Survey, tonnage and convention certificates may be issued on behalf of the Malta government by the following recognised organisations: American Bureau of Shipping, Bureau Veritas, China Classification Society, ClassNK, DNV-GL, Korean Register of Shipping, Lloyd’s Register of Shipping, Polish Register of Shipping, Registro Italiano Navale and Russian Maritime Register of Shipping.

REGISTRATION FOR NON EU/EAA SWISS NATIONAL

• If the owner of the ship is an NON EU / EEA / Swiss national, a registration of resident agent in Malta is mandatory, we will assist you with that. We require a declaration appointing us as Malta resident agent (notarized and apostilled) and a certified copy of owner’s passport (notarised and apostilled).
• If the owner of the ship is a Maltese company created by us, we will provide all the required documentation.
• If the owner of the ship is a foreign corporate entity, a registration of resident agent in Malta is mandatory, we will assist you with that. Please see below which documents are necessary in order to register your vessel with the Maltese Registration.

Commercial Vessel Registration in Malta

Documents required for the provisional registration for commercial vessels:

• Inspection Report
• Radio Report
• Radio Application
• MLC Compliance Certificate
• Certificate of Survey
• Previous tonnage certificate
• Previous certificate of survey (if applicable)
• International antifouling certificate
• International load line certificate
• Application for registration
• Declaration of ownership
• Safe manning application form
• Certified copy of previous registration certificate

Documents required for permanent commercial registration:

• Original bill of sale (dated before the provisional registration)
• Original Builders certificate
• International tonnage certificate obo Malta
• Certificate of Survey obo Malta
• Carving and Marking note
• Surrender of provisional registration certificate

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Online Payments - Renewal of Registration of Small Ships

Transport Malta is offering a secure and easy way for boat owners to renew their Small Ship Registration online without having to go to the Small Ships register Office in Hal Lija. As of June 2022 , a new electronic application form service has been created for users with an e-ID who wish to renew their small ship registration online from the comfort of their home, including online payment. The e-form can be accessed by clicking here . This service will be replacing the old online system.  Kindly note that the online application form allows applicants to pay via an online card payment once their application passes vetting and is approved by the Transport Malta SSR Office. Boat owners opting to renew their registration online need to be in possession of an e-ID account. A copy of valid insurance certificate may be required if applicable. You may request your eID by calling on +356 25904300 or sending a request by email on [email protected] .

eResidence Document Holders: Visit one of the eID Registration Offices in Blata l-Bajda or in Rabat (Gozo). Presentation of one’s residence document and an email account are required to apply for an eID account.

For more information kindly contact Transport Malta on +356 21222203 or by-email at [email protected] .

Useful links

• ( New ) E-Form to apply for small ship registration renewal
• (Legacy)  User guide for further assistance on how to use the system
• (Legacy)  Log on to the system

‘Malta has become the jurisdiction of choice for super yachts’ – Transport Malta’s Daniel Balzan

Mr Balzan joined Transport Malta earlier this month.

by Benjamin Abela

7 July 2022

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Daniel Balzan, Director of Marketing and Communications at Transport Malta took to social media to celebrate the recent record increase of super yacht registrations under the Maltese flag.

Transport Minister Aaron Farrugia recently announced that the Maltese flag witnessed an increase of over 51 per cent in the registration of super yachts over 24 metres, meaning that over 1,030 super yachts are now registered under this jurisdiction.

“Malta’s super yachts registry continues to grow […] Well done to [Registrar General] Ivan Sammut and his team at the Malta Ship Registry,” Mr Balzan wrote.

“These results are a testament that Malta has become the jurisdiction of choice for super yachts,” he continued.

Mr Balzan joined Transport Malta earlier this month following a four-year stint at national carrier Air Malta.

The super yacht registration results were revealed by Minister Farrugia during the Malta Superyacht Symposium, organised by the Malta Chamber of Commerce and the Malta Maritime Law Association.

“This is a record growth, never registered before, and that gives us more strength to continue working towards making this industry a strong economic niche for our country that will continue to help us diversify and exploit our sea and geographical position in the middle of the Mediterranean,” the Minister said.

“Just as Malta has become a global leader in ship registration and as a transhipment hub, so too Malta’s vision is to develop the island as a leading yachting hub in the Mediterranean,” he added.

The Minister went on to note that Malta’s ship register has grown ‘not only in numbers but also in repute,’ with the country increasingly adding high-class yachts to its fleet.

Benjamin Abela

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