Oceanskies Malta

Following on from a very successful 2015 season when Oceanskies welcomed over twenty motor and sail yachts to Malta we are pleased to continue our popular all-inclusive fixed price Malta yacht leasing ‘in a box’ promotion for 2016.

The Malta yacht leasing structure of one year in duration costs EUR 20,000.00 for an under 24 metre sail or motor yacht and EUR 25,000.00 for any 24 to 35 metre sail or motor yacht.

The yacht leasing system is one of the most popular corporate ownership structures available for European yachts operating within the European Union (EU).

In addition to providing benefits in terms of asset separation and limitation of liability, leasing systems can, as a side benefit, provide potential for the amount of VAT payable on the value of the yacht to be reduced.

The following tables illustrate the established percentage of lease according to the type (i.e. motor or sail) and length of yacht:

Motor Yachts

Length % of lease subject to VAT Effective rate of VAT
Over 24 metres in length 30% 5.4%
Between 16.01 and 24 metres in length 40% 7.2%
Between 12.01 and 16 metres in length 50% 9%

Sailing Yachts

Length % of lease subject to VAT Effective rate of VAT
Over 24 metres in length 30% 5.4%
Between 20.01 and 24 metres in length 40% 7.2%
Between 10.01 and 20 metres in length 50% 9%

The Malta yacht leasing company is formed and administered on behalf of the client by our partner corporate service provider in Malta who are a fully licensed corporate service provider regulated by the Malta Financial Services Authority. Marine expertise is provided by Oceanskies who personally meet the arrival of every client yacht in Malta providing a unique personal service.

The Malta leasing ‘in a box’ fee is for a fully inclusive ‘turn key’ one year Malta leasing programme including:

  • Due diligence & client acceptance checks
  • Incorporation of Maltese yacht owning (lessor) company by third party
  • Provision of registered office for lessor company for one year by third party
  • VAT registration of Maltese lessor company
  • Purchase of vessel by lessor company
  • Registration of vessel in name of lessor company under Part I of the British Register of Ships at UK port
  • Provisional MCA UK vessel registration valid for 3 months
  • Liaison with yard and/or Seller to obtain legal title
  • Drafting all UK registry forms
  • All initial MCA UK vessel registry fees
  • Organising tonnage measurement survey of vessel (survey fees not included and charged at cost)
  • Provision of UK representative person for the duration of the lease period
  • Assistance with Carving & Marking formalities
  • OFCOM account application and lifetime radio licence application
  • Importation of vessel into Malta, meeting vessel and handling berthing and arrival formalities
  • Attendance to Maltese customs formalities
  • Obtaining letter from Malta VAT Department confirming Lessor is properly accounting for VAT
  • VAT accounting for Maltese yacht owning company for one year
  • Provision of lease agreement
  • Audit fees for lessor company
  • Handling arrival and berthing of vessel upon its return to Malta for sale
  • Attendance to sale of vessel by lessor company to lessee at end of lease
  • Obtaining Certificate of VAT Paid Status from the VAT Department of Malta
  • Liquidation of yacht lessor company at the end of the lease

We are always happy to provide a fee no obligation simulation of costings – simply complete the following form:

Name:
Email:
Vessel Make & Model:
Vessel Length:
Vesse Value In Euros:

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Guernsey Office

Oceanskies Limited

Castle Emplacement

St. Peter Port, Guernsey GY1 1AU

Channel Islands, Great Britain

Malta Office

Oceanskies (Malta) Limited

43A/1 Saint Paul's Buildings

West Street, Valletta VLT 1532

Malta

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