Ship Registration in Malta - Advantages

The following advantages are offered to ship owners who wisely choose to register their ships in Malta. The major advantages and tax concessions may be summarised as follows:

Low company formation and registration costs.

Tax exemptions to owners, charterers and financiers of Maltese ships over 1000 net tons.This may be extended to smaller ships.

No exchange control restrictions.

No restrictions whatsoever are imposed on the nationality of the master, officers and crew.

There are no restrictions on the sale of ships registered in Malta to foreign nationals.

There are no restrictions on the mortgaging of ships registered in Malta in favour of foreign nationals.

There are no trading restrictions on Maltese ships.

No inspections are necessary for vessels under 15 years, whereas vessels aged between 16 and 20 years may carry out an inspection within one month of provisional registration, without incurring any inspection fees.

There is no restriction on the sale or transfer of shares of a company owning a Maltese ship.

Fast registration and de-registration system.

A serious and efficient maritime administration

Active participation in international shipping fora.

Preferential treatment of Maltese ships in certain ports.

 

Valletta Port

 

Flagport Ltd. Malta - Ship registration Malta,Registry Malta,Ship Malta
Flagport Ltd. Malta - Ship registration Malta,Registry Malta,Ship Malta
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