Malta Yacht Leasing

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.

Background

The Republic of Malta has historically been a popular centre for the ownership and registration of ships and yachts.

Following the accession of Malta to the EU it was decided to enhance further the appeal of Malta to yacht owners as a centre of excellence for corporate yacht ownership and registration by introducing a leasing system that was based on a model already implemented by France and Italy.

An innovation of the French and Italian leasing model was the introduction of an automatic presumption of the time that a yacht might operate outside EU territorial waters during the course of the lease.

The automatic presumption was also adopted by Malta with the standard rate of VAT in Malta of 18% being applied to an established percentage of the lease deemed to correspond to the estimated use of the yacht in EU territorial waters.

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%

For further information please do not hesitate to contact us.

Share →

Email

Call

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

Instagram

Something is wrong. Response takes too long or there is JS error. Press Ctrl+Shift+J or Cmd+Shift+J on a Mac.

Twitter

oceanskiesltd Today we have been back in Italy with @Azimut_Yachts Yachts at their busy finishing facility in Savona for the tonn… https://t.co/VDJW9eatSw
oceanskiesltd WE ARE HIRING! Oceanskies seeking full-time Junior Yacht Crew Payroll Administrator for our yacht crew employment/p… https://t.co/6rg5TpwAMW
oceanskiesltd Oceanskies were very pleased to act as agents once again for the return of the awesome @VittersShipyard 46 metre sa… https://t.co/guavv9oRJL
oceanskiesltd Very pleased to welcome this @_PrincessYachts 23 Metre motor yacht and Zodiac Pro chase boat to Channel Islands wat… https://t.co/200VVKOLsi

Follow Us

Facebooktwittergoogle_pluslinkedininstagram