MALTA FLAG

Like Cyprus, Malta maintains a strong regulatory and legal framework which has seen the Malta flag grown in to an internationally reputable and sought after flag.

Some of the advantages of the Malta flag include:

(a) A ship may be registered in the name of any European company, trust, foundation or individual. There is no requirement to register a Maltese company

(b) Malta is on the White List of the Paris MoU, Tokyo MoU and on the Low risk Ship List of the Paris MoU

(c) There are no nationality restrictions for masters, officers and crew

(d) Competitive incorporation costs and registration fees

(e) Numerous double taxation and bilateral maritime agreements in force

(g) Mortgages and registration of hulls/ vessels under construction

(h) Exemption from income tax on income derived from shipping activities of Maltese vessels of 1000 net tons and over.

(i) Efficient procedures for the registration and deletion of Maltese vessels, as well as for the registration and discharge of mortgages.

This publication been written in general terms and should be seen as broad guidance only. The information provided cannot be relied upon to cover specific situations and you should not act, or refrain from acting, upon the information contained herein without obtaining professional advice. This information should not be relied upon as a substitute for such advice. For more information please contact us at info@oxfordmaritime.com; +357 25 823 593

The Merchant Shipping Directorate (“MSD”) at Transport Malta (TM), commonly referred to as the Malta Ship registry, is responsible for the registration of vessels under the Malta flag and the provision of all aspects of the on-going administration of Malta-flagged vessels.

A vessel is first registered provisionally under the Malta flag for six months, during which time all documents must be submitted and the process finalised for the purposes of permanent registration. Requirements for provisional registration include:

(a) application for registration by the owner or an authorized representative;

(b) copy of the ship’s International Tonnage Certificate, where applicable;

(c) proof of qualification to own a Maltese ship; in the case of body corporate, the certificates of incorporation

(d) declaration of ownership made before the Registrar by the owner or an authorized representative;

(e) evidence of seaworthiness; in the case of trading ships, confirmation of class with a recognized organization, and information on the vessel’s statutory certification including Company ISM compliance;

(f) application for Ship radio Station License; and

(g) payment of initial and annual registration fees. Documents to be submitted during provisional registration period:

(a) builder’s certificate, if the vessel has not been registered elsewhere; otherwise a bill of sale or other documentation evidencing a transfer of ownership;

(b) deletion of registry certificate from the last country of registry, showing vessel to be free from encumbrances or otherwise;

(c) certificate of survey and a copy of the International Tonnage Certificate certifying that the vessel has been surveyed in accordance with Maltese regulations;

(d) evidence that the vessel has been marked in accordance with the law; and

(e) in the case of SOLAS vessels a copy of the last updated Continuous Synopsis record issued by the Administration where the ship was last documented.

This publication been written in general terms and should be seen as broad guidance only. The information provided cannot be relied upon to cover specific situations and you should not act, or refrain from acting, upon the information contained herein without obtaining professional advice. This information should not be relied upon as a substitute for such advice. For more information please contact us at info@oxfordmaritime.com; +357 25 823 593

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, or by European Union citizens; while a Maltese ship may also be bareboat charter registered under another flag.

There are neither trading restrictions nor age restrictions. However:

(a) Ships of 15 years and over, but under 20 years, must pass an inspection by an authorized flag state inspector before or within a month of provisional registration;

(b) Ships of 20 years and over but less than 25 years, must pass an inspection by an authorized flag state inspector prior to being provisionally registered.

(c) Ships of 25 years and over are not registered, although exceptions may be made in certain circumstances.

This publication been written in general terms and should be seen as broad guidance only. The information provided cannot be relied upon to cover specific situations and you should not act, or refrain from acting, upon the information contained herein without obtaining professional advice. This information should not be relied upon as a substitute for such advice. For more information please contact us at info@oxfordmaritime.com; +357 25 823 593