Malta Shipping Company

  • The setting up of a Malta shipping company is very straightforward conjoined with the procedure for registration of ships in Malta.
  • Owners, charterers and financiers of Maltese ships may benefit from highly favourable tax rates on profits derived from the ownership, sale, operation and charter of Maltese ships.
  • There is complete exemption in Malta from stamp duties payable on the sale or transfer of a ship and the allotment of any share or stock of a company owning such a ship, exchange control, capital gains tax or VAT.
  • There are no restrictions on the sale or transfer of shares of a company owning Maltese ships.
  • There are no restrictions on the sale and mortgaging of Maltese ships
  • There are no restrictions on the nationality of the Master, officers and crew of vessels registered under the Malta flag.
  • Maltese ships benefit from preferential treatment in certain ports.
  • It is possible to register vessels which are still under construction as well as other marine structures which do not fall within the strict definition of ships such as oilrigs, floating docks, pontoons and barges.
  • A Malta shipping company is subject to corporate tax rate. However, if a ship is owned by a shipping company that is registered in Malta, or by an organisation recognized by the Maltese Authority, then it is entitled to certain benefits. Speaking of benefits, these are as follows:
    • the tonnage tax of the ship has all of its income exempt from income Tax,
    • no tax shall be payable on any gain arising on liquidation, redemption, cancellation or any other disposal of shares,
    • no tax shall be payable by any person on interest or other income payable to him in relation to any financing of the operations provided for under the MSA with regards to the objectives a shipping corporation may pursue, or to the financing of any ship of not less than 100 net tonnage, and
    • Any non-resident officers or employees of licensed shipping organisations, and the organisation in their respect, shall be entitled to be exempt from the provisions of the Social Security Act.
  • The registration of a ship in Malta may be of all types of vessels, from pleasure yachts to oil rigs, may be registered in the name of legally constituted corporate bodies or entities, irrespective of nationality.
  • Provisional registration has a validity of six months, although this can be extended by a further six months.
  • There are no restrictions imposed on the nationality of the master, officers and crew engaged on Maltese Ships.
  • A Valid Minimum Safe Manning Certificate must be carried by all Maltese merchant ships of 500 gross tonnage and over. On the entry of a ship in the Malta register, the Merchant Shipping Directorate will issue a Minimum Safe Manning Certificate valid for five years from the date of provisional registration.
  • A contract of employment in the form of a crew agreement must be made between the master and seamen.

Malta has over the past decade become a Hub for I-Gaming companies. Through a solid regulatory regime, as well as Malta’s advantageous gaming tax benefits, Malta has developed a reputation of excellence within the Remote gaming industry.