Practice Areas > Aviation & Shipping > Yacht Registration & Incentives > Yacht Registration > Requirements for Registration
Requirements
Preliminary Requirements
In order to provisionally register a yacht under the Malta flag, the following conditions must be satisfied:
- a registration application must be submitted by the owner of the yacht or an authorised representative;
- proof of qualification to own a Maltese yacht must be shown;
- a resident agent must be appointed where the owner of the yacht it not resident in Malta;
- submission of a copy of the yacht’s International Tonnage Certificate;
- a declaration of ownership must made in front of the Registrar by the owner or an authorised representative;
- an application must be made for Minimum Safe Manning Certificate in the case of commercial yachts exceeding 24 metres in length;
- submission of an application for a ship radio station licence;
- compliance with Commercial Yacht Code for operational certificate; and
- payment of the initial registration fees and annual tonnage tax.
Additional Documents Required for Submission
During the 6-month provisional registration the applicant must submit the following documents, amongst others:
- a bill of sale or any other document by which the vessel was transferred to the applicant for registry, in the case there was previous ownership. Otherwise, a builder’s certificate in the name of the applicant;
- cancellation of registry certificate issued by the administration where the yacht was last documented, where applicable; and
- in the event that the application involves a commercial yacht of over 500 gross tonnes, a copy of the last updated Continuous Synopsis Record issued by the administration where the yacht was last documented.
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How we can help
Gonzi & Associates, Advocates is able to assist you with all aspects relating to the following yachting services:
- Private & commercial yacht registration under the Malta flag
- Assistance with the importation of a yacht into the EU;
- Assistance with superyacht administration
- Assisting in regard to tax planning and tax compliance, including advising as regards VAT Treatment of Yacht Leasing Scheme.