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YACHTING REGISTRATION

Malta Yacht Leasing Scheme
Traditionally Malta has long been a centre for ownership and registration of ships and yachts.

However, for the past few years Malta has developed into an astounding maritime centre distinguished for its low corporate tax and favourable yacht leasing arrangements. Malta has become an attractive jurisdiction to register yachts in Europe as the scheme provides significant tax benefits when compared to other European Union (EU) Member states. The Malta Yacht Leasing Scheme permits yacht owners to pay VAT at attractive rates on their yachts, calculated on the percentage of the time the vessel is deemed to sail in EU waters, with a VAT paid certificate at the termination of the scheme.

Why MJM Europe?

MJM Europe has proficiency in structuring, management and running leasing agreements so we are best placed to receive your instructions. We can deal with:
The tables below illustrate the government established percentage of the lease applicable to VAT according to type (i.e. Motor yacht or Sailing yacht). Approval for the payable VAT rate must be obtained from the commissioner of VAT. For this purpose, the Department of VAT needs to be provided with the details necessary to determine the value and size of the yacht.

Motor Yachts

Length % of lease subject to VAT Effective rate of VAT
Over 24 metres in length 30 5.4%
Between 16.01 - 24 metres 40 7.2%
Between 12.01 - 16 metres 50 9%
Between 7.51 - 12 metres 60 10.8%
Motor boats up to 7.5 metres 90 16.2%

Sailing Yachts


Length % of lease subject to VAT Effective rate of VAT
Over 24 metres in length 30 5.4%
Between 20.01 - 24 metres 40 7.2%
Between 10.01 - 20 metres 50 9%
Sailing yacht up to 10 metres 60 10.8%

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Corporate House, 10 Oratory Street, Naxxar NXR 2504, Malta
Tel. +356 2142 4118 • Fax. +356 2142 4119
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