Opportunities for Ship Management Companies

The Merchant Shipping (Taxation And Other Matters relating to Shipping Organisations) Regulations, 2004 have recently been amended in order to enable shipmanagement companies to qualify for the tonnage tax regime already existing in Malta. The amendments are in line with the guidelines on State aid to shipmanagement companies published by the European Commission (EC) in 2009 and apply to companies providing crew management services or technical services, or both.

This is a golden opportunity for ship management companies wishing to benefit from the attractive incentives offered to such companies in Malta, which is already a leader in ship registration through its maritime flag. The Malta flag is the eighth largest in the world and the second largest in the EU. The newly introduced legislation provides for various benefits to ship management companies established in Malta, such as 0% income tax, as long as certain conditions are met.

For more information on this subject, please do not hesitate to contact us.

management@combinedmar.com

http://combinedmaritime.com

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Combined Maritime Services

14, Lighters Wharf

Marsa MRS 1442

  (+356) 2165 1387

  (+356) 2165 1384

  management@combinedmar.com

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