Super Yachts

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In the sphere of super yachts, what truly distinguish Malta’s marinas from its competitors are the comparatively low selling costs involved, and the structure of berth sale. 

Super yachts

As an Island nation nestled in the middle of the Mediterranean Sea, it comes as no surprise that Malta has a very active maritime sector. In point of fact it is considered as a leading maritime centre offering an array of services and facilities to the maritime industry. In the past years, Malta has also grown into one of the most prestigious and highly reputable super yachts homeports in the world. Apart from Malta’s strategic position, the constant financial viability offered to berth owners has contributed to making Malta such a prime jurisdiction for super yachts registration.

Despite the island’s relatively small size, Malta is the largest maritime registry in Europe and the 6th largest in the world. Particularly, it is one of the largest registries in Europe for pleasure yachts and super-yachts. Malta’s success in the maritime industry is due to the possibility of fiscal planning and VAT payment minimization in the context of yachts and super-yachts used for pleasure purposes. In relation to yachts used for pleasure in specifically in the European Union (EU), Malta offers a favourable regime for Value Added Tax (VAT) minimisation, potentially down to 5.4%, through a leasing set-up.

The agreement which binds berth owners is structured in the form of a contract of sale, not a mere long-term of lease, this conferring full ownership for the duration of the contract, normally 25 years. Such benefits for berth owners have made Malta an attractive and ever-growing hub for super yachts.

The formation of the Malta Super Yacht Network in recent years has continued to entrench Malta’s position as a center of excellence for super yachts in the Mediterranean. The Maltese islands have vast potential, built on decades of experience and investment in physical and human infrastructure. The Super Yacht Industry Network is driven by a group of local companies offering a wide spectrum of yacht repair & maintenance services to complete refits. The ‘’stamp of approval’’ implied by membership will safeguard and build on the very positive reputation that Malta has established, with a strong element of repeat business and portfolio that includes the world’s most prestigious super yachts.

Similarly to Malta, Cyprus stands in a cross-road between Europe, the Middle East and Africa and is developed a prime Super Yacht industry with commendable super yachts facilities.

Our Super Yachts team of lawyers at Chetcuti Cauchi is passionate about the yachting industry and specializes in solutions for super yachts owners, including yacht registrations and tax optimization of yacht ownership and enjoyment. Chetcuti Cauchi offers high quality and cost effective legal services to yacht owners, charterers, managers, lenders, insurers, brokers, designers or builders- whether the size or type of craft. We are fully geared towards helping luxury clients in all their needs related to super yachts.

Our Yachting lawyers enjoy longstanding experience and know how in the super yachts market. Several of our lawyers are members in their own right of the Royal Malta Yacht Club and own and sail their own yachts. Chetcuti Cauchi is also a member of the Malta Maritime Law Association. 


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Key Contacts

Dr Silvana Zammit

Partner

+356 22056423

Dr Daniela Galea

Associate

+356 22056425