Vessel registration under the Malta flag and the operation of Maltese ships is
regulated by the Merchant Shipping Act, a law based mainly on U.K. legislation
but subsequently revised and amended in 1986 and 1988 and 1990.
ADVANTAGES
• Low company formation and ship registration cost;
• Complete tax exemption to owners, charterers and financiers of Maltese ships
of over 1,000 net tons; this exemption may also be extended to smaller ships;
• No restrictions on the nationality of the master, officers and crew;
• No restriction on the sale or transfer of shares of a company owning Maltese
ships;
• No restrictions on the sale and mortgaging of Maltese ships;
• No trading restrictions and preferential treatment to Maltese ships in certain
ports;
• Offshore companies operating ships can enjoy all the exemptions and benefits
provided for by the offshore legislation;
• Twenty four hour, seven days a week service in respect of urgent matters;
• Malta is an international maritime centre providing the whole range of
maritime services.