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Yacht Registration Malta

  • Reduced VAT 4%-16%
  • Reg­is­tra­tion of a Plea­sure Yacht
  • Reg­is­tra­tion of a Com­mer­cial Yacht
  • Leas­ing Reg­is­tra­tion
  • Berth Sup­port
  • Offi­cial Com­mu­ni­ca­tion & Cor­re­spond­ing (i.e. Trans­port Mal­ta) and cus­toms arrange­ments

Exact plan­ning is nec­es­sary in order to reg­is­ter a ves­sel under the Mal­tese flag and there­by prof­it from a reduced tax rate. In oth­er coun­tries, the reg­u­lar VAT rate will usu­al­ly apply to the pur­chase of a yacht. In Mal­ta, how­ev­er, VAT will be deter­mined by “Trans­port Mal­ta” depend­ing on the yacht’s size and weight at the time of its reg­is­tra­tion. This usu­al­ly leads to tax­es from 4.3% to 18%.

Usage Behavior is Determinative when Registering a Yacht in Malta

When seek­ing to achieve a reduced VAT, it is impor­tant to clar­i­fy usage dur­ing the plan­ning of the yacht reg­is­tra­tion. The deci­sive para­me­ter here­by include, for exam­ple, fre­quen­cy of use, the cir­cle of users (strict­ly pri­vate, pri­vate as well as rental use, or strict­ly rental), usage times (dai­ly or week­ly trips, month­ly or year-round). The answers to such ques­tions result in a clear usage pic­ture, which in turn is rel­e­vant for reg­is­tra­tion pur­pos­es.

Pleasure-Yacht Registration is Best-Suited to Most People

Most clients’ usage best cor­re­sponds to the reg­is­tra­tion of a plea­sure-yacht in Mal­ta. In this regard, the name says it all: a yacht reg­is­tered under any label and that is pri­mar­i­ly used for plea­sure by the clients. Often­times, there are also a num­ber of sen­si­ble and attrac­tive imple­men­ta­tion options avail­able involv­ing long term lease arrange­ments.

The guide­lines and frame­work con­di­tions of the respec­tive con­tract must there­by be adjust­ed to reflect the giv­en reg­is­tra­tion cat­e­go­ry. Our team of attor­neys will review the prop­er dec­la­ra­tion for you and will draft cor­re­spond­ing con­tracts.  We will take care of the bureau­crat­ic aspects our­selves with­out rely­ing on any exter­nal part­ners. Only in this man­ner can we ensure the excep­tion­al qual­i­ty of our ser­vices lead­ing to quick and effi­cient results. We know that noth­ing could be more frus­trat­ing than hav­ing pur­chased a boat but not being able to use because it does not have prop­er reg­is­tra­tion.

Yacht Registration in Malta: How to Calculate the Amount of Taxes Due?

The exact amount VAT-pay­ments due depends on the size of boat. Fur­ther­more, a dis­tinc­tion is made between two groups: sail­boats and motor yachts. The effec­tive rate of VAT can be cal­cu­lat­ed pur­suant to the fol­low­ing chart:

Type and LengthVAT Reduc­tionEffec­tive VAT in %
Sail­boats longer than 24 meters70%4,3%
Sail­boats between 20.01 and 24 meters60%7,2%
Sail­boats between 10.01 and 20 meters50%9%
Sail­boats up to 10 meters40%10,8%
Motor boats longer than 24 meters70%5,4%
Motor boats between 16.01 and 24 meters60%7,2%
Motor boats between 12.01 and 16 meters50%9%
Motor boats between 7.51 and 12 meters (reg­is­tered in the Com­mer­cial Reg­is­ter)40%10,8%
Motor Boats up to 7.5 meters (reg­is­tered in the Com­mer­cial Reg­is­ter)10%16,2%
Boats only allowed in secure waters0%18%

Technical Prerequisites for Yacht Registration in Malta

In a 130-page doc­u­ment, Trans­port Mal­ta pre­cise­ly detailed which tech­ni­cal require­ments a boat must pos­sess to qual­i­fy for plea­sure-yacht reg­is­tra­tion. The fol­low­ing fac­tors there­by play an impor­tant role:

  • Safe­ty Mea­sures (Equip­ment, Acces­si­bil­i­ty, Achieve­ment of Stan­dards);
  • Emis­sions & Envi­ron­men­tal Com­pli­ance
  • Elec­tron­ic and Radio Equip­ment
  • Sta­bil­i­ty and Struc­tur­al Design of the Boat

Gen­er­al­ly, one can assume that any fin­ished yacht berthed in a Euro­pean wharf will ful­fill the required stan­dards. The law offices of Dr. Wern­er & Part­ner are high­ly famil­iar with the test­ing and review process includ­ing, in par­tic­u­lar, as it relates to major boat­ing man­u­fac­tur­ers (such as, for exam­ple, Sun­seek­er), where reg­is­tra­tion if often­times most­ly unprob­lem­at­ic in regard to struc­tur­al and design require­ments.

More information

HOW CAN I PROVE THAT THE VAT WAS DULY PAID FOR?

In order to par­tic­i­pate, the com­pa­ny shall receive a cer­tifi­cate from the Mal­tese
VAT Depart­ment con­firm­ing that the yacht was duly taxed. At the con­clu­sion of the pro­gram, the own­er receives a “VAT PAID” cer­tifi­cate.

MY YACHT STILL NEEDS TO BE IMPORTED INTO THE EU.

You can do this with the com­pa­ny that you have already formed which will import the yacht to Mal­ta and pay the full VAT of 18% on its val­ue. The com­pa­ny, how­ev­er, shall be reim­bursed the 18% in the course of the VAT dec­la­ra­tions.

THE VAT FOR MY YACHT WAS ALREADY PAID IN FULL IN THE EU.

In that case, it prob­a­ble does not make sense to take part in the VAT pro­gram.

WHAT DOES IT COST TO PARTICIPATE IN THE VAT PROGRAM?

All togeth­er, it costs ca. EUR 35KEUR 50K over 3 years. We’ll be hap­py to break down the details for you.

IS IT WORTH IT TO TAKE PART IN THE PROGRAM TO SAVE VAT FOR A YACHT THAT COSTS LESS THAN EUR 1,000,000?

No. That’s only our sub­jec­tive opin­ion, but from a com­mer­cial per­spec­tive it may only make sense to par­tic­i­pate when the val­ue is EUR 1,000,000 or more.