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Gonzi & Associates Advocates are geared to assist you throughout all registration formalities without the necessity to be physically in Malta. Gonzi & Associates Advocates offer tailor made solutions for all your needs in order to manage all the requirements and administration of your yacht or superyacht, be it pleasure or commercial yacht.
Requirements
All types of yachts may be registered in Malta provided that they are wholly owned by corporate bodies or entities irrespective or nationality or by EU citizens. Before being formally registered your yacht will first be granted a provisional registration for a period of six months (with a possible further extension of six months) during which period all documentation would to be finalized.
For yachts of 15 years or more an inspection by authorized inspectors would be carried out before or within 1 month of provisional registration. A certificate issued by the Malta registry is valid for 1 year and is subject to renewal on the anniversary of the Maltese registration. As a rule yachts of 25 years and over are not granted a fresh registration.
Yachts which are still under construction may be registered under the Malta Flag.
Documents required
In order for a yacht to be registered the following documents are to be submitted and finalised during the provisional registration period:
- In case of applicant being the first owner, a builder’s certificate in the name of the applicant;
- In case of previous ownership, any document to attest the transfer to the applicant;
- A cancellation of registry certificate by the competent authority (where applicable);
- Certificate of Survey and a copy of the International Tonnage Certificate issued by an approved surveyor of ships; and
- Evidence that the vessel has been marked in accordance to law.
Costs of registration
In order to register a yacht under the Maltese Flag a first fee on registration and an annual fee as specified are to be paid. The fees are listed hereunder:
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A. The Fee on Registration and the annual fee for all ships
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Ship
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Fee on Registration (€)
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Annual
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Basic Fee (€)
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Tonnage Fee (€)
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Ships less than 24 m length overall
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Commercial Yachts
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115
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105
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175
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All other ships less than 24 m length overall
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less than 50 gross tonnage
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115
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25
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175
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of 50 gross tonnage or more
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105
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Ships of 24 m length overall or more
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Pleasure Yachts
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€0.23 per net tonnage subject to minimum of €172.50
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220
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€0.35 per net tonnage subject to minimum of €350
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Commercial yachts which do not fall under *
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Rates as appear in B
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€590 for year of registration
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Rates as appear in B
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€1060 thereafter
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* Non-propelled barges, bareboat charter registered in a foreign country, laid up or under construction
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Rates as appear in B subject to reduction as appear in C
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115
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Rates as appear in B subject to reduction as appear in C
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B. Rates per net tonnage payable on registration and annual tonnage tax when referred to in A
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Ship of Net Tonnage (NT)
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Fee on Registration
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Annual Tonnage Tax
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Exceeding
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Not Exceeding
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0
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2,500
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€ 575
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€ 875
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2,500
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8,000
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€575 plus €0.23 for every NT in excess of 2,500 NT
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€ 875 plus €0.35 for every NT in excess of 2,500 NT
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8,000
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10,000
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€1,840 plus €0.07 for every NT in excess of 8,000 NT
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€2,800 plus €0.19 for every NT in excess of 8,000 NT
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10,000
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15,000
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€1,980 plus €0.07 for every NT in excess of 10,000 NT
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€3,180 plus €0.14 for every NT in excess of 10,000 NT
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15,000
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20,000
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€2,330 plus €0.07 for every NT in excess of 15,000 NT
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€3,880 plus €0.12 for every NT in excess of 15,000 NT
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20,000
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30,000
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€2,680 plus €0.07 for every NT in excess of 20,000 NT
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€4,480 plus €0.09 for every NT in excess of 20,000 NT
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30,000
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50,000
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€ 3,380 plus €0.07 for every NT in excess of 30,000 NT
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€5,380 plus €0.07 for every NT in excess of 30,000 NT
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Exceeding 50,000
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€4,780 plus €0.07 for every NT in excess of 50,000 NT
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€6,780 plus €0.05 for every NT in excess of 50,000 NT
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C. Reduction or increase on the rates per net tonnage on registration and annual tonnage tax, when referred to in A
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Age of Ship
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Reduction on Fee on Registration %
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Reduction or Increase on Annual Tonnage Tax %
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Equal or exceeding
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Less than
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Years
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0
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5
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50
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-30
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5
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10
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25
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-15
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10
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15
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-
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-
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15
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20
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-
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5
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20
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25
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-
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10
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Subject to minimum increase of €1,164.69
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25
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30
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-
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25
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Equal or exceeding to 30
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-
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50
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