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December 03 08:45 2015 by The Editor Print This Article


Advantages of the Malta Flag Shipping


1. Low company formation and ship registration cost
2. 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
3. No restrictions on the nationality of the master, officers and crew
4. No restriction on the sale or transfer of shares of a company owning Maltese ships
5. No restrictions on the sale and mortgaging of Maltese ships
6. No trading restrictions and preferential treatment to Maltese ships in certain ports
7. Offshore companies operating ships can enjoy all the exemptions and benefits provided for by the offshore legislation
8. Twenty four hour, seven days a week service in respect of urgent matters
9. Malta is an international maritime centre providing the whole range of maritime services.