Over 7,100 vessels registered with the Maltese ship registry

Updated: July 30, 2020 | 2 minute read

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Over 7,100 vessels registered with the Maltese ship registry

In September 2015, the number of listed vessels in the Maltese ship register reached 7,109 entries.

Over the last 12 months the responsible authority, Transport Malta, recorded 485 new vessels, with a gross tonnage of over 62 Million Tonnes.

Apart from publicising Malta as an attractive operating base, the Maltese Government promotes the Maltese flag as a leading jurisdiction for ship and yacht registration due to its favourable legal framework.

Today, Malta’s ship register ranks as the 6th largest register in the world, and the first one within the European Union (in terms of units registered or tonnage) This has boosted Malta’s position within shipping circles as booming international shipping centre as well as ship management operations.

Some of the advantages of operating from Malta are the low costs involved as well as highly favourable fiscal regime, offering tax opportunities to owners and operators.

Nexia BT can assist in the registration of charter operators willing to operate from Malta or having charters starting from the Maltese islands. We can also liaise with the VAT department, forwarding the necessary documentation to have the charter approved and general compliance in relation to VAT return preparation and submission.

Besides, through a collaboration with legal consultants, we provide a comprehensive service to yacht owners and managers, including the planning of international tailor-made tax-efficient structures, as well as legal and tax advice involved from simple ownership of a leisure yacht, to the commercial ownership on a large scale, finance, insurance and issues related to crew and manning.

Read more about Shipping and Yachting.

Why choose Nexia BT?

Established by Brian Tonna, managing partner, Nexia BT is a corporate and private client advisory, audit, accounting and tax firm. Our clients are local and international financial and other institutions, SMEs, high-net-worth-individuals, the public sector and high-end organisations.

As a reputable organisation of over 25 years standing and forming part of a worldwide network of independent business advisors, consultants, auditors and accounting firms present in over 115 countries, we are optimally positioned to offer global expertise.

Along these years, we have built client loyalty around a credible reputation for delivering results whilst working to the highest professional standards.

Nexia BT’s strength lies in the technically competent staff with experience across a varied range of industry sectors. We deliver solutions to our clients through a high calibre customised service reflected in the professional work approach and ethics of our staff and driven by our ethos ’Closer to you’. With the backing of this business approach, we confidently present you Nexia BT as your trustworthy, dependable and reliable partner in Malta.

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