Malta Yacht Leasing

Oceanskies is pleased to offer an all-inclusive fixed price Malta yacht leasing structure of one year in duration priced at EUR 20,000.00 for an under 24 metre yacht and EUR 25,000.00 for an over 24 metre yacht.

The Malta 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 including the importation and registration of the 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 Oceanskies 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
  • Full management of vessel’s registration 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
  • Assistance (if applicable) with deletion of vessel from previous flag
  • 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

Notes:

  • The cost of the tonnage survey, if required, is not included within these fees. Oceanskies will obtain quotations and arrange for the performance of the tonnage survey.
  • Fees do not include any charges for translations, notarisations and/or apostillisations. When applicable all such charges are itemised and passed on at cost without mark-up.
  • Company formation and registered office services are charged and provided by a third party licensed corporate service provider located in Malta.
  • This pricing example should not be construed as tax or company advice or legal opinion. We strongly recommend that all clients take their own personal tax and company advice from their professional advisers before proceeding with any form of yacht ownership structure.

Please do not hesitate to contact us in order to obtain a fully comprehensive Malta leasing proposal for a specific yacht setting out VAT and taxes to be paid in Malta using our online yacht enquiry form:

Yacht Enquiry Form

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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

56, Ground Floor, Europa Centre

Saint Anne Street,

Floriana FRN 9011, Malta

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