Given its unique location, Malta has a centuries-old maritime tradition. Malta has today become the flagship register of merchant vessels and is rapidly becoming a key regional hub in anything that is maritime related. The island is highly regarded as a globally respected centre that provides a full suite of support services to ship owners and operators. Malta is has become an international hub for services in the yachting industry, whether in the registration, corporate and servicing sphere. Particularly, over the past years the Maltese ship register has also seen a very significant increase in the registration of super yacht tonnage.
The sector has blossomed thanks to Malta’s attractive legislative framework and a competitive and transparent fiscal and taxation regime. Attracting owners of commercial and luxury private yachts, Malta has also propelled itself as one of the most attractive European jurisdictions when it comes to the importation of yachts into the European Union.