Maritime

The Maltese maritime industry is flourishing, owing to countless aspects such as Malta’s membership with the European Union and several international maritime conventions, the local establishment of several companies offering comprehensive maritime services, and, going back to its roots, its attractive weather conditions and numerous marinas, deep harbours, and port facilities.

The success of the Maltese Maritime Industry is obvious in the ranking of the Malta Flag as the foremost in Europe and sixth International Ship Register worldwide as well as its great contribution to Malta’s economic landscape.

The local industry stands out for its operational efficiency and financial benefits. Notably, Malta has implemented a quick and effective procedure to have vessels registered under the Maltese Flag, which is complemented by low ship registration costs. The Maltese Flag is also characterised by the absence of trade limitations and the preferential treatment it offers for vessels in terms of port charges and taxes, thanks to bilateral agreements.

Registering a yacht in Malta also proves to be financially advantageous for both individuals and corporate entities engaged in yacht operations. This stems from the exemption of these companies from income tax on all earnings derived from their yacht activities, provided that the yacht has a permanent registration under the Malta flag and the annual tonnage tax has been settled with the Authority of Transport in Malta each year.

Owing to our extensive knowledge in both Maltese and English law, which are often the difficulty of maritime issues, we can assist our local and international clients in various maritime-related matters.