As regards the sailing of yachts in EU waters, Malta offers an advantageous VAT leasing set-up with the possibility of mitigation on the VAT payable on yachts sailed in EU waters to 5.4% as opposed to the 18% rate of VAT applicable in Malta generally.
For the Malta VAT yacht leasing set-up, three procedures must be considered:
- The setting up of a Malta company
- The registration of the vessel under Malta flag
- The Lease of the vessel to third parties through the Malta VAT yacht leasing set-up
Our Maritime lawyers and tax advisors will plan and implement your Malta VAT yacht leasing set-up thoroughly, including tax advice, Malta company incorporation, company secretarial services, back office administration services, tax compliance, accounting and auditing services to companies incorporated for foreign beneficiary clients. Our team will also take care of the Malta yacht registration, its importation into the EU, preparation of all documents necessary for the Malta VAT yacht leasing set-up and finally the termination of the Malta VAT yacht leasing set-up when due.
Relying on our vast experience in setting up Malta VAT yacht leasing set-ups, our team is able to provide tailor-made advice taking into consideration they size and propulsion of the yacht in questions, its sailing history, its value and status. This for the purpose of providing an optimal solution to our clients and implementing the Malta VAT yacht leasing set-up in the best manner possible.
