On Thursday, October 13, 2016, between 3:00 PM and 4:00 PM CEST, the Yachting department will be hosting a Webinar: Malta VAT Yacht Solutions 2016.
Dr Daniela Galea, Team Leader of the Commercial Law Practice Group at Chetcuti Cauchi, will be delivering a presentation to explain how yacht owners may benefit from VAT rates calculated on the percentage of the time that the vessel is deemed to sail in EU waters and for them to obtain a VAT paid certificate at the termination of the structure through the VAT Yacht Solutions.
The aim of Webinar: Malta VAT Yacht Solutions 2016 is to understand how the VAT on yacht lease structure operates and how yacht owners may benefit from registering their yachts or superyachts in Malta and pay VAT at a rate which may go as low as 5.4%, based on the length overall of the yacht and propulsion. This, in turn, will allow free yacht circulation in the European Union, making resale of the yacht easier.
Date: 13th of October 2016
Time: 3:00 PM – 4:00 PM CEST
Webinar: Malta VAT Yacht Solutions 2016 is free of charge but since the number of attendees is limited, may we kindly ask you to register here.
About Dr Silvana Zammit
Silvana leads the legal department of Chetcuti Cauchi covering mainly real estate, dispute resolution and transport law.
Silvana is a prime civil lawyer specializing in Civil and Commercial matters, Real Estate and Property law including conveyance, leasing, as well as all other transactions dealing with estate management and inheritance law.
Silvana’s ‘pet’ subject is i-Gaming. She started practising in the IP, ICT & i-gaming sectors shortly after the inception of the i-Gaming law in Malta in 2004 and has considerable experience in the sector having assisted tens of operators in attaining their i-gaming license in Malta. Working closely with the Maltese regulatory authorities, her role involves providing tailor-made advice for the obtainment and maintenance of licenses, referring to the specific operations of the client. Her team also provides ongoing legal support to clients, making sure that all requirements relating to their licensed operations are adhered to.
Specializing in ICT law, Silvana provides an in-depth and practical approach to the formation and running of an i-gaming company. She is also the adviser to a number of well-established ICT companies which she assists with all legal aspects concerning website development and operation; drafting and application of software contracts; licensing of rights and transfer of technology.
Silvana’s other main practice is transport law with special focus on Maritime and Aviation Law. She project manages transactions involving the registration of vessels under the Maltese flag, transfer of vessel ownership, ship/aircraft finance and registration of mortgages. Apart from assuring the successful implementation of the transactions, together with our tax advisers, she is heavily involved in advising clients about the best structures to set up for efficient tax and operational planning. She represents a wide range of clients including marinas, recreational boaters, charterers, brokers, vessel owners and seamen.
Silvana is very well-known for her oration and negotiation skills as witnessed by clients themselves:
- Legal 500 reviews: ‘practical’ and having ‘very good negotiating skills’
- Yiannis Sarafidis: ‘always aware and updated with all the necessary information’
- Luck Box Enterprises Ltd: Silvana has ‘exceptional knowledge of Maltese gaming laws, and is a pleasure to work with’.
- Phil Richards (PaperLess Software Europe Limited): ‘Silvana made considerable effort to understand our needs when engaged to do some work for us. The advice we received was comprehensive and took into account the bigger international picture as well as the Malta legal implications. At all times during the process, Silvana kept us well informed about progress and delivered the work we needed on time’
