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ARTICLE · 05 OCTOBER 2012

Pleasure Yacht Registration Under The Malta Flag

A pleasure yacht can be registered under the Malta flag provided that it is wholly owned by either citizens of Malta or European citizens or bodies corporate established under the subjects of the Laws of Malta or Foreign corporate bodies or entities, in accordance with Merchant Shipping Act and the relevant subsidiary legislation.

MaltaTransport
Charles Caruana
Charles Caruana

Malta is continuously establishing itself as a flag of choice within the pleasure yacht sector. Various factors have contributed to this but by and large it comes down to the efforts of Transport Malta. Yacht owners the world over obtain the peace of mind they so desperately require when registering some of their most prized possessions. Ironically enough, the problems afflicting some EU countries has helped Malta, whilst Croatia's accession into the EU next year has also meant that Croatian owners have begun looking for the best way to pay VAT on their yachts. Furthermore, the registration of a pleasure craft is a far less daunting task then often thought. As is clearly visible throughout the following article, the registration of a pleasure yacht under the Malta flag is in fact extremely straight forward.

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