One option available to the shipowner interested in registering a vessel under the Malta flag is to set up a Maltese shipping company to feature as “the owner or charterer” of the vessel.
• Maltese shipping companies are instituted in terms of specific regulations promulgated under the Merchant Shipping Act.
• Such companies have to conform in all respects with the provisions and regulations of the Malta Financial Services Authority.
• The levy of corporation tax does not apply for such companies.
Combined Maritime Services provides a comprehensive facility to parties interested to set up a Maltese shipping company by offering:
o Draft Memorandum & Articles
o Draft resolutions
o Powers of Attorney
Click here to read more about the formation of shipping companies.