Malta is strategically located in the center of the Mediterranean and, combined with its exceptional port facilities, prestigious superyacht marinas, and a range of complementary services, has established itself as a premier jurisdiction in the maritime industry.
Maltese flag
The Maltese flag has evolved into an attractive, prestigious, and globally recognised symbol in the maritime industry. The Maltese Ship Register stands out as one of the foremost registries in Europe and around the world, with a notable increase in superyacht registrations in recent years. Malta is celebrated for its advantageous and cost-effective registration system, which aligns with key international safety standards and conventions while offering a robust mortgage framework and low tonnage tax options.
The appeal of registering under the Maltese flag goes beyond simple adherence to international rules. A major draw for yacht owners is the streamlined and efficient registration process. Authorities in Malta have optimised procedures, allowing yacht owners to swiftly navigate the registration, minimizing delays and complications.
How can BDO help?
Our team of legal professionals have developed a strong understanding of the shipping and yachting industry and can assist assist ship and yacht owners by providing legal services on various matters, including the following:
- Ship and Yacht Registration
- Company incorporation and corporate restructurings
- Sale and purchase of yachts and ships
- Financing, including the drafting and reviewing of loan agreements, security agreements and any other ancillary documentation required to enter the relevant financing transaction
- Statutory mortgages and other forms of registered encumbrances
- Lease and Chartering Agreements
- Crewing and employment matters