Maltese shipping companies may be used to own or operate a Maltese-flagged
vessel and may therefore be of interest to ship or yacht owners wishing to flag
or re-flag under the Maltese flag that is currently the 5th largest ship
register in the world.
Companies owning or operating (including under bare boat charter) Malta-flagged
vessels may apply for a 100% exemption from Income Tax on the resultant profits;
companies owning or operating Malta-flagged yachts outside of Malta may apply
for a ruling as to ITC status above.
Maritime Law Unit is at your disposal to provide all assistance
relative to the flagging of the vessel or yacht concerned.
Registration of ships and yachts under the Maltese flag offers several
low company formation and ship registration costs;
no restrictions on the nationality of the ship owner;
complete tax exemption for private yachts and ships over 1000 Gross Tons;
effective tax rate of 4.17% and VAT exemption for chartering of commercial
no restrictions on the nationality of the master, officers and crew;
no restrictions or taxation on the sale or transfer of shares of a company
owning Maltese registered ships;
no restrictions or taxation on the sale and mortgaging of Maltese registered
no trading restrictions and preferential treatment to Maltese ships in certain
Malta is an international maritime centre providing the whole range of maritime