Malta Shipping Companies

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.

Our Ship Registration Division is at your disposal to provide all assistance relative to the flagging of the vessel or yacht concerned.

ADVANTAGES

• Low company formation and ship registration cost;

• Complete tax exemption to owners, charterers and financiers of Maltese ships of over 1,000 net tons; this exemption may also be extended to smaller ships;

• No restrictions on the nationality of the master, officers and crew;

• No restriction on the sale or transfer of shares of a company owning Maltese ships;

• No restrictions on the sale and mortgaging of Maltese ships;

• No trading restrictions and preferential treatment to Maltese ships in certain ports;

• Offshore companies operating ships can enjoy all the exemptions and benefits provided for by the offshore legislation;

• Twenty four hour, seven days a week service in respect of urgent matters;

• Malta is an international maritime centre providing the whole range of maritime services.

  Ship registration    Eligibility for registration    Procedure for registration 

  Bareboat charter registration    Manning, International Convention, Mortgages.

  Malta Flag: Index

>> Contact us @ shipping@cc-advocates.com

 

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