The Maltese shipping sector is a thriving part of the economy, which is made up of various support services to the shipping industry apart from the actual shipping movements passing via the ports of Malta. The Maltese Shipping Register was confirmed as the largest merchant flag in Europe and seventh worldwide by Clarkson Research Services, one of the leading providers of statistical services in the maritime sector.
As at end of 2011, the Maltese Register of Shipping registered an increase of over 6 million gross tonnage representing a growth rate of 16.1% over the previous year
The Maltese shipping register has proved to be one of the most reputable registers in the world, and the Valletta flag has garnered international recognition as reputable and stable.
In fact, as at end of 2011, the Maltese Register of Shipping registered an increase of over 6 million gross tonnage representing a growth rate of 16.1% over the previous year. The registered gross tonnage under the Merchant Shipping Act is 45.6 million.
These figures include merchant and fishing vessels as well as yachts and superyachts. This success can be attributed to the solid regulatory regime in place in Malta, together with the very attractive fiscal incentives which are available in Malta tax legislation.
Our firm understands the needs of maritime operators and clients interested in gaining a business advantage from Malta’s reputation as a prime shipping jurisdiction. The relative legal, regulatory and fiscal issues which invariably emerge from the shipping industry are factors which our firm considers and advises upon when any registration or structure is being set up.