Vessel registration under the Malta flag and the operation of Maltese ships
is regulated by the Merchant Shipping Act, a law based mainly on UK legislation
but subsequently revised and amended in 1986, 1988 and 1990.
BENEFITS
low
company formation and ship registration costs.
complete
tax exemption to owners, charterers and financiers of Maltese ships of over
1.000 net tons; this exemption may also be extended to smaller ships.
no
restrictions on the nationality of the master, officers and crew. no
restrictons on the sale or transfer of shares of a company owning Maltese ships.
no
restrictions on the sale and mortgaging of Maltese ships. no trading
restrictions and preferential treatment to Maltese ships in certain ports.
offshore
companies operating ships can enjoy all the exemptions and benefits provided for
by the offshore legislation. twenty
four hour, seven day a week service in respect of urgent matters Malta is
an international maritime centre providing the whole range of maritime services.
Eligibilty
for registration, Procedure Bareboat charter registration and Manning
Registration fees.