Malta has, for years, been a maritime nation of repute. Its strategic location in the centre of the Mediterranean, natural harbours, and extensive range of maritime services such as shipbuilding and repair, Freeport, bunkering, ship supplies and towage services have contributed to making Malta a leading maritime hub. The island's location has given it great strategic importance and Malta is now recognised as being an entree-port to the EU.
Malta has retained its importance in the shipping and yachting world not only because of its geographic location but also because it offers attractive and competitive incentives, thereby making Malta one of the top flags in the world. Malta's solid roots as a maritime settlement continue to enhance and expand the island's footing in the maritime industry.
Besides offering world class berthing facilities to the super yacht industry, Malta offers ship and yacht owners several attractive solutions. As a one-stop shop, CSB Group, via their dedicated team can provide the required professional and dedicated assistance on temporary importation, onward supply relief, commercial yacht registration and VAT-efficient finance leasing structures to name a few.
Shipping and Yachting Services
CSB Group's maritime practice enjoys wide professional recognition, placing us amongst the leaders in Maltese ship registration and finance transactions in Malta. We provide a comprehensive package of legal and advisory services pertaining to all aspects of shipping, including purchasing and leasing of yachts, company formation, registration of vessels, drafting of documents and provision of legal opinions on statutory mortgages in Malta. We also provide services related to the Sale and Purchase of Yachts and Vessels, Bunkering, Environmental Advisory, and Ship Recycling.
Vessels of all types, from passenger ship to yachts, tanks, oil rigs and other vessels can all be registered under the Malta Flag, some of which may benefit from fiscal advantages.
When someone decides to buy a yacht, one of the most significant factors is deciding on where to register it. The Maltese ship registry is one of the largest registries in Europe and is the sixth-largest in the world. This has not happened by chance, as it has been accomplished through the constant development, growth, and regulation of the industry over the past decades. The Maltese Flag is today considered a flag of excellence.
Furthermore, CSB Group will be able to assist you with the necessary ongoing administrative work concerning the regulatory, technical and administrative upkeep of Malta flagged vessels and their respective owning companies being either Maltese or international owners.
The content of this article is intended to provide a general guide to the subject matter. Specialist advice should be sought about your specific circumstances.
