Shipping Organisations Incorporation in Malta

Any individual may incorporate a shipping organisation providing that the activities thereof relate to:

  • 1.The ownership, operation (under charter or otherwise), administration and management of a registered Maltese ship (or registered under the flag of another state), and all ancillary financial, security and commercial activities in connection therewith; and/or
  • 2.The holding of shares or other equity interests in entities, whether Maltese or otherwise, established for any of the purposes stated in Maltese law and the carrying on of all ancillary financial, security and commercial activities in connection therewith; and/or
  • 3.The raising of capital through loans, the issue of guarantees or the issue of securities by the shipping organisation when the purpose of such activity is to achieve the objects stated in this article for the shipping organisation itself or for other shipping organisations within the same group.

Benefits of Shipping Organisations in Malta

Once a shipping organisation is registered as the owner of a Maltese registered vessel, it is considered to be a licenced shipping organisation. Shipping organisations have several tax advantages in Malta in relation to their shipping activities which include inter alia:

  • 1.No tax charged or payable on income, to the extent that such income is derived from shipping activities of a licenced shipping organisation;
  • 2.No tax charged or payable on any income, profits or gains of a licenced shipping organisation derived from the sale or other transfer of a tonnage tax ship or from the disposal of any rights to acquire a vessel which when delivered or completed would qualify as a tonnage tax ship;
  • 3.No tax charged or payable on any gain arising on the liquidation, redemption, cancellation or any other disposal of shares, securities or any other interest, including goodwill, held in any licenced shipping organisation owning, operating, administering or managing a tonnage tax ship;
  • 4.No stamp duty charged on the registration of a tonnage tax ship under the Merchant Shipping Act and other registrations relating to a tonnage tax ship;
  • 5.No stamp duty charged on the sale or other transfer of a tonnage tax ship or any share thereof;
  • 6.No stamp duty charged on the issue or allotment of any security or interest of a licenced shipping organisation or the purchase, transfer, assignment or negotiation of any security or interest of any licenced shipping organisation or other company.

Shipping organisations are incorporated in Malta in the same manner as ordinary Maltese trading or holding companies. The Integritas Group assists clients with the full incorporation process and can provide a variety of services, including directorship, company secretary, fiduciary shareholding, registered office, payroll, accounting, tax and VAT services. 

To get assistance in Shipping Organisations Incorporation in Malta, Contact Us!

114/3 The Strand, Gzira, Malta | Tel.: [+356] 2385 0611 | Fax.: [+356] 21 334405 | Email: info@integritas-trustees.com

Integritas Group Ltd is authorised by the MFSA under the Trusts & Trustees Act