COMMERCIAL YACHTING: LIFE BEYOND REGISTRATION

Merchant Shipping in Malta has in recent years witnessed a significant increase in registration of yachts. This surge is mainly due to the introduction of the possibility of Commercial Yacht Registration under Maltese Law. Some of the most prestigious super yachts in circulation have now been registered in Malta. 

 

This increase is also attributable to other factors such as the extension of the income tax treatment of normal commercial vessel owning companies, to commercial yacht owning companies in view of their activities as commercial yachts involved in the carriage of passengers in international waters. This income tax treatment of owning companies coupled with other tax possibilities applicable under Maltese and European Law has led major stakeholders in the yachting world to propose Maltese commercial registration to clients. 

 

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