Yacht Boats

As reported by Fenech & Fenech Advocates, post-Brexit, UK citizens are eligible to register a vessel under the Malta flag, whether or not said citizen is currently residing in Malta. 

Until 2020, Maltese law provided for the possibility of registering a vessel under the Malta flag in the ownership of a non-Maltese individual, as long as they held a valid EEA, EU, or Swiss passport. 

Following Brexit, the applicable law has been altered to also allow British passport holders to register. 

Ship flagging is essential for the operation of maritime vessels, as it allows the operator to travel internationally and be able to prove ownership. 

There are said to be numerous advantages of registering a vessel under the Maltese flag. For example, there is an automatic exemption from income tax on income derived from shipping activities of Maltese vessels, and a number of taxation and bilateral maritime agreements with other countries. 

The advantages of Maltese registration is so pronounced and widely recognised that in January, it was announced that the Malta Shipping Registry ranked first worldwide in 2020 for the number of Superyachts registered, with 850 vessels registered that qualify as superyachts.

Valletta ranks 8th most expensive European capital city to live in – study

April 24, 2024
by Fabrizio Tabone

While London is the most expensive, Bucharest is the most affordable

KM Malta Airlines cancels flights between Malta and Paris on Thursday due to air traffic control strike

April 24, 2024
by Fabrizio Tabone

Impacted customers can opt for an alternative flight or apply for a full refund

WATCH: MEPs in dialogue – Financial institutions and over-regulation

April 24, 2024
by Helena Grech

This is the third in a series of debates designed to engage citizens in the lead-up to the MEP elections ...