The Maltese Islands have become a hub for the maritime and shipping industry, due in part to its strategic location between Europe and North Africa, as well as its favourable business environment and a range of incentives for ship owners, financiers and other shipping service providers. Malta’s harbours have historically offered a sheltered and secure berthing location in close proximity to some of the world’s busiest trade routes, furthermore, the Maltese flag has become the largest registry in Europe and one of the most respected in the world.
The countries success as an international maritime centre has been recently complemented by the growth of the aviation field, with Malta being one of the first EU countries to ratify the Cape Town Convention which allows for the registration of assets on the international register. This combined with Malta’s flexible taxation framework and corporate legal systems mean that increasing numbers of air transport operations have chosen to base themselves here.
Malta has also proven to be an attractive jurisdiction for the operation of MRO facilities for the aviation industry and perhaps the most well-known of these is Lufthansa Technik Malta Limited who established themselves here several years ago with the assistance of our lawyers.
Whether you are looking to register a super-yacht, finance a new fleet aircraft, find out more about the nuances of Maltese maritime law or you have questions about the yacht and aircraft leasing scheme- please contact Dr. Tonio Fenech to find out more.