Over recent years, Malta has witnessed growth in its aviation industry, attracting universally renowned entities to set up operations in the archipelago. During the last decade, Malta has built a strong regulatory infrastructure to help to establish itself as an international aviation centre par excellence.
The aviation industry in Malta has more recently been encouraged following the revision of the Maltese aircraft legislation in 2010 relating to aircraft registration (the ‘Aircraft Registration Act’) and the implementation of the Cape Town Convention on International Interests in Mobile Equipment and its Aircraft Protocol (the ‘Cape Town Convention’), ratified in February 2011. Through the Aircraft Registration Act, Malta offers the possibility of registration of an aircraft on the National Aircraft Register, both for the provision of air services or private use.
With Malta being an EU Member State, a Maltese registered aircraft has freedom of movement within all other EU Member States. Enhanced by the benefits from its membership of the European Union and the Euro Zone, together with efficient tax planning opportunities, Malta has attracted a number of airlines, aircraft/aircraft engine owners and other aircraft operators to carry out and organise their aviation activities in Malta, including: aircraft financing, leasing and management of aircraft, insurance, brokerage, aircraft maintenance, classification and surveying.
As part of its economic development strategy, Malta is supporting various sectors in the aviation industry including: maintenance, repair and overhaul (MRO) operations, back-office setups, R&D and the production of aircraft components.
The Civil Aviation Directorate within Transport Malta regulates all aviation activities in Malta and ensures that the Maltese air transport industry continues to be developed in a safe and efficient manner.
Nexia BT can provide assistance for a portfolio of services in connection with the aviation industry in Malta, including: tax structuring, the incorporation of the appropriate corporate structures, registration of aircraft and aircraft mortgages, coordination of aircraft financing transactions and administration, and acting as the resident agent in Malta on behalf of aircraft owners and operators.