The past years have witnessed significant legal developments with regard to yachting in Malta. Efforts have and are continually being made by all players in the industry, with the backing of the Government, to ensure that the success experienced in the merchant fleet registration is emulated in the yachting sphere. When it comes to commercial yachts, Malta offers quick and efficient importation procedures, chartering guidelines for charters commencing in Malta and solid tax regimes to owners and operators. With regard to yachts that are ultimately intended for private use, the launch by the Maltese authorities of Guidelines on VAT Payments applicable to yacht leasing in 2005 has proven to be a reliable, tried and tested option for the payment of VAT on the yacht and the obtainment of a VAT paid certificate. Furthermore both commercial and private yacht owners are offered a number of benefits including low registration costs and straight forward registration procedures.
With its vast overall maritime experience the team of professionals at Fenech and Fenech Advocates are able to advise yachting clients on their immediate yacht requirements by looking at the larger picture for the benefit of the client. We do not only provide the owners with what they think is good for them, we advise on what is truly the best solution in their particular circumstances, both long term and short term.
Our services include:
• Advice on the best solution for the owner, charterer and financier and builder
• Private and commercial yacht registration
• Registration of mortgages and ship finance services
• Yacht leasing and chartering structures
• Yacht Importation
• Incorporation of shipping organisations
• Tax advice
• Aviation Law
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