Marine related services
The marine related services we are able to offer can be grouped into the two sub categories below:
We are able to register yachts, ships and other vessels under the Malta flag. In the case of yachts, the registration can be pleasure or commercial. Commercial yachts (e.g. yachts used for charter) are generally registered under the commercial yacht code.
In the case of pleasure yachts a VAT lease is intended to reduce the effective rate of VAT which would otherwise be payable. Although VAT in Malta is levied at the rate of 18%, with the creation of a VAT lease arrangement the effective rate of VAT may be as low as 5.4%. After the corporate structureis incorporated by the designated lawyer or certified public accountant, we are in a position to effectively manage the operation of the vat lease until the Vat paid certificate is obtained.