Malta’s historical ties with the sea continue to provide opportunities in the maritime sector, including various solutions for yacht and super-yacht owners. Besides offering world-class berthing facilities to the super-yacht industry, Malta offers yacht-owners several attractive solutions including temporary importation procedure, VAT-efficient finance leasing structures and certification of commercial yachts.
Our maritime practice also provides the following services:
- Registration and deletion of yachts under the Malta flag;
- Structuring and implementation of tax-efficient yacht-owning structures;
- Co-ordination of commercial yacht certification;
- Co-ordination of temporary importation procedures;
- Searches of the Malta yacht register;
- Searches of Maltese yacht-owning entities;
- Co-ordination of yacht financing transactions, preparation and review of loan agreements, security agreements, statutory mortgages, collateral deeds of covenants, issuing of legal opinions;
- Registration, amendment, transfer and discharge of statutory mortgage deeds registered over Malta-registered yachts;
- Upkeep of annual renewal of registration;
- Enforcement of claims against Malta-registered yachts, and yachts situated within Maltese territorial waters;
- Handling of on-going crewing and compliance formalities with the relevant Maltese authorities;
- Tax structuring and administration.
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For further information about how Zammit & Associates – Advocates can help you with your yachting requirements kindly contact us on shipping@zammit-law.com |
