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ARTICLE · 03 DECEMBER 2008

Ship Registration Under Malta Flag

Cefai & Associates Advocates & Tax Consultants
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Vessel registration under the Malta flag and the operation of Maltese ships is regulated by the Merchant Shipping Act of 1973, a law based mainly on United Kingdom legislation but subsequently revised and amended in 1986, 1988, 1990 and 2000.

MaltaTransport

Vessel registration under the Malta flag and the operation of Maltese ships is regulated by the Merchant Shipping Act of 1973, a law based mainly on United Kingdom legislation but subsequently revised and amended in 1986, 1988, 1990 and 2000. The main legislation is supplemented by a comprehensive set of rules and regulations.

Advantages include:

  • ships may be registered in the name of legally constituted corporate bodies or entities irrespective of nationality, or by European Union citiziens.
  • low company formation, ship registration and tonnage tax costs; progressive reduction in registration and tonnage tax costs for younger ships
  • attractive incentives to owners, registered charterers and financiers of Maltese ships of over 1,000 net tonnage; these incentives may also be extended to smaller ships

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