Maritime

Malta Flag Registration

The advantages of registered a vessel under the Malta Flag are abundant, especially given Malta’s rich experience and esteemed reputation in maritime affairs. Alongside its robust political stability and reliable legal framework, Malta boasts competitive fees and favourable taxation rates, making it an attractive choice for ship owners. Moreover, the registration process is streamlines and uncomplication further enhancing its appeal to international owners.

To register a vessel under the Malta flag, international owners have two primary options. Firstly, they can establish a Maltese Shipping Company, leveraging Malta’s favourable business environment. Alternatively, they can opt to appoint a Resident Agent, facilitating the registration process while ensuring compliance with local regulations. These flexible options accommodate varying preferences and circumstances, making Malta a preferred destination for ship registration on the international stage.

Formation of Maltese Shipping Company

Individuals considering registering a vessel under the Malta Flag have the option to establish a Maltese shipping company, which would serve as the vessel’s owner. This choice offers numerous benefits, including the potential for Maltese shipping companies to enjoy a complete exemption from Income Tax on their earnings. Additionally, there are no withholding taxes imposed, and no restrictions or taxation related to the sale and mortgaging of ships registered in Malta.

The process of setting up a Maltese shipping company involves adherence to the provisions outlined in the Merchant Shipping Act, as well as compliance with regulations established by the Malta Business Registry (MBR). Our specialized team possesses expertise in maritime law, corporate structuring, and regulatory compliance. We provide clients with tailored strategic advice and insights to ensure alignment with their specific needs and objectives. Whether navigating the intricacies of incorporation or ensuring adherence to regulatory requirements, we are dedicated to facilitating a seamless process for our clients within the maritime sector.

Ongoing Support and Maintenance

In addition to our expertise in setting up Maltese shipping companies, our team provides comprehensive ongoing support to ensure that our clients’ entities remain in good standing. This support encompasses a range of essential services tailored to meet the needs of maritime businesses.

One key aspect of our ongoing support is our provision of registered office services. We ensure that our clients’ Maltese shipping companies have a designated registered office address, fulfilling legal requirements and providing a professional presence for correspondence and legal notices.

Furthermore, our secretarial services offer administrative assistance to handle regulatory filings, maintain corporate records, and facilitate communication with regulatory authorities. This ensures that our clients remain compliant with all applicable laws and regulations.

In addition, our team offers bookkeeping and accounting services to ensure accurate financial records are maintained. This includes assistance with financial reporting, tax compliance, and financial management, providing clients with peace of mind and enabling them to focus on their core operations.

With our comprehensive range of ongoing support services, our clients can trust that their Maltese shipping companies are in capable hands, allowing them to navigate the complexities of maritime business with confidence and ease.

Resident Agent

A resident agent serves as a crucial liaison between the international owner of a yacht and the Maltese authorities. Typically a Maltese citizen, the resident agent takes on the responsibility of handling all communication channels, signing necessary declarations, and filing requisite forms on behalf of the international owner in accordance with Maltese law. Moreover, the resident agent assumes the role of the international owner’s judicial representative in legal proceedings within Malta.

By appointing a resident agent, yacht owners circumvent the extensive documentary and legal formalities associated with establishing a Maltese Shipping Company. This streamlined approach enables owners to efficiently navigate the registration process under the Malta flag while ensuring compliance with all regulatory requirements. The resident agent’s expertise and local knowledge further facilitate a smooth and hassle-free experience for international owners, allowing them to focus on enjoying their yachting endeavours without the burden of administrative complexities.

Choose us as your resident agent because we offer unmatched expertise and reliability in handling yacht registration under the Malta flag. With our deep knowledge of Maltese maritime laws and procedures, we ensure a smooth and hassle-free process. We believe in transparency and clear communication, keeping you informed and supported every step of the way. Your satisfaction is our priority, and we tailor our services to meet your specific needs, providing personalized assistance that you can rely on. When selecting us as your resident agent, rest assured that your yacht registration and legal matters are in capable hands, allowing you to focus on enjoying your yachting adventures with confidence.

Bareboat Charter Registration

Maltese Law also permits the registration of the bareboat charter of ships which are not registered under the Malta Flag. Furthermore, Maltese Law permits the registration under other flags of the bareboat charter of Malta flagged ships.

Our team is adept at guiding you through the intricate legal and documentary procedures involved in these processes. We offer expert advice on flags that align well with the Malta flag, ensuring seamless compliance with regulations. Additionally, we provide comprehensive assistance in compiling necessary documentation and handling renewals, ensuring a smooth and efficient experience for our clients.

Mortgages

Under Maltese law, mortgages are currently restricted to cases where either a ship or an aircraft is offered as security for a loan or debt. Mortgages serve as a robust form of security, boasting a high rank and powerful self-help rights, making them enforceable without court intervention. Additionally, mortgages offer various other favourable characteristics that bolster their strength as security instruments.

Our team is well-equipped to assist with all aspects related to mortgages on Malta Flag ships. Whether it’s registration, transfer, amendment, or discharge, we provide expert guidance and support throughout the process. With our extensive knowledge of maritime law and procedures, we ensure that your mortgage-related transactions are handled efficiently and effectively, offering you peace of mind and security in your maritime investments.

Minimum Safe Manning

Ships registered under the Malta Flag are required to possess a Minimum Safe Manning Certificate, confirming compliance with the International Convention for the Safety of Life at Sea (SOLAS) and the Merchant Shipping Regulations. This certification ensures that the ship is adequately manned to maintain safe operations at all times.

Our team is well-versed in the intricacies of SOLAS and Merchant Shipping Regulations. We offer expert advice and assistance to shipowners, guiding them through the process of meeting the minimum safe manning requirements mandated by these conventions and regulations. From determining appropriate staffing levels to navigating certification procedures, we provide comprehensive support to ensure compliance and safety for vessels registered under the Malta Flag. With our assistance, shipowners can rest assured that their vessels are equipped with the necessary manpower to operate safely and efficiently on the seas.

Introduction

Malta has maintained a high reputation within the maritime field, primarily due to its strategic location, natural harbours, extensive maritime services and finance law.

At Zeta, we specialize in collaborating with yacht owners, trust and family offices, legal professionals, and yacht brokers, delivering a comprehensive array of services, including yacht ownership services, yacht management services and yacht crew management services.

Yacht Ownership Services

Forming a company, trust or other vehicle to own and operate a yacht provides a number of benefits for the owner, such as asset protection, qualification for a flag not available to the individual owner, delegation of the day-to-day running of the vessel, beneficial owner discretion and VAT registration in a suitable jurisdiction for commercial yachts.

Structuring

Our experienced team is well-equipped to guide you through the process of selecting the most suitable corporate vehicle for yacht ownership. We understand the importance of establishing a solid foundation and are committed to assisting you in crafting the initial ownership arrangement.

Administration

We understand that the complexities of yacht ownership extend beyond the initial setup, and we are here to seamlessly manage the day-to-day responsibilities and administrative tasks associated with your maritime venture.

Our dedicated is committed to providing continuous support in the ongoing administration of the company, trust or other corporate vehicle chosen. From regulatory compliance to financial management, our team ensures that your yacht ownership experience remains smooth and worry free. Entrust us with the ongoing care and governance of your corporate entity, allowing you to focus on enjoying the open seas with confidence that the administrative aspects are expertly handled.

Regulatory Compliance

Rapid changes in the regulatory landscape demand a specialized approach, and our dedicated team is poised to offer comprehensive expertise and guidance to guarantee your compliance with the intricate and swiftly evolving regulatory environment. Navigating the complexities of regulations can be challenging, particularly in the fast-paced world we operate in. Our specialists are committed to staying ahead of the curve, ensuring that your company, trust, or chosen corporate vehicle remains fully compliant with all relevant regulations governing yacht ownership.

With a focus on staying abreast of the latest developments, we provide proactive insights and strategic advice to safeguard your operations. Trust our team to be your vigilant partner, safeguarding your interests and ensuring that your yacht ownership remains in full adherence to the dynamic regulatory landscape.

Company Directors

Our team provides solutions to fit each of our client’s need, whether this be individual of corporate Directors. Zeta’s directors are experts in varied professional background as both executive Directors and non-executive Directors across a wide range of industry sectors.

Company Secretary Services

Our team works effectively with our clients, to provide the correct solutions required. We maintain a high reputation for excellence and provide valuable experience in a wide range of industry sectors. Therefore, you can have peace of mind that Zeta provides specialist support and advice on all company secretarial matters.

Yacht Management Services

Flag Registration Services

Our team has the necessary expertise to advice clients on the most suitable choice of flag for the yacht. We will also take care of the registration process, organising surveyors, radio licences, carving and marking notes, as well as any other requirements. Furthermore, our team can provide ongoing management services such as assisting in the renewal of registration or in changes to registration.

Charter Management

Our dedicated team is well-equipped to provide comprehensive assistance in the efficient management of charter fees, Advance Provisioning Allowance (APA), and any applicable Value Added Tax (VAT) requirements. We understand the intricacies involved in the luxury charter industry, and our expertise extends to facilitating the seamless appointment of fiscal agents.

When it comes to charter fees, we meticulously handle the entire process, ensuring accuracy, transparency, and timely management. Our commitment to excellence extends to overseeing the Advance Provisioning Allowance, where we take care of the budgeting, tracking, and reporting aspects to meet the unique needs of each client.

Navigating the complexities of VAT requirements is a crucial aspect of our service. We stay abreast of the latest regulations and work diligently to ensure compliance, minimizing any potential challenges for our clients. Additionally, we offer invaluable support in the selection and appointment of fiscal agents, streamlining the process for a hassle-free experience.

Oversight and Reporting

Transform your financial landscape with the support of our dedicated finance team, providing a comprehensive suite of services tailored to meet your organization’s unique needs. Our adept professionals excel in meticulous bookkeeping, maintaining accurate and up-to-date records essential for sound financial decision-making. Beyond routine tasks, we specialize in crafting strategic budgets, collaborating to set financial targets, allocate resources efficiently, and monitor variances for optimal financial performance.

In the realm of financial reporting, we go beyond numbers, translating complex data into meaningful insights that empower informed decision-making. Our reports adhere to industry standards, offering a comprehensive view of your organization’s financial health. Moreover, our expertise extends to the precise preparation of financial statements, ensuring compliance with regulatory standards while providing powerful tools for stakeholders to assess performance.

Vessel Administration

Count on our experienced team to ensure the ongoing validity of both vessel and crew certifications and documentation. We handle the intricacies of verifying and renewing certifications, ensuring compliance with industry standards and regulatory requirements. Our dedicated support enables you to confidently navigate the regulatory landscape, guaranteeing that your vessel and crew operate with the latest and most accurate documentation. This commitment promotes safety, compliance, and operational excellence throughout your maritime endeavours.

Compliance

Our team can facilitate compliance with regulatory requirements for your yacht, covering aspects such as vessel maintenance, manning, health and safety, security, and the marine environment. We work diligently to ensure that your yacht operates within the parameters of industry regulations, guaranteeing a seamless adherence to standards. Our comprehensive assistance encompasses all facets of regulatory compliance, allowing you to navigate the complexities of vessel management confidently while prioritizing safety, security, and environmental responsibility.

Crew Management Services

Crew Recruitment

We streamline the journey from interviewing to screening, ensuring a thorough assessment of prospective candidates. Our dedicated approach includes collecting all necessary documents, easing the administrative burden and facilitating a comprehensive evaluation of potential crew members. With our assistance, the recruitment process becomes efficient, thorough, and tailored to meet the specific needs and standards of yacht ownership, allowing you to assemble a skilled and qualified crew with confidence.

Employment, Payroll and Leave Tracking

We offer comprehensive employment services, from drafting and reviewing employment contracts to providing payroll solutions. Our approach includes tracking crew leave and absences, ensuring strict compliance with employment regulations. With our support, you can navigate the complexities of employment seamlessly, confident in the accuracy of contracts and the adherence to regulatory standards, allowing you to focus on the smooth operation of your maritime ventures.

Training and Development

Empower your crew with our expertise in establishing robust training programs aligned with current regulations. Our team ensures that all crew members maintain optimal qualifications and skills through tailored training initiatives. We focus on creating comprehensive programs that address evolving industry standards, guaranteeing that your crew remains proficient and compliant. With our assistance, you can cultivate a skilled and well-prepared team, ready to navigate the dynamic challenges of the maritime landscape while meeting regulatory requirements with confidence.

Yacht Refit Services: Transforming Your Yacht Dreams into Reality

Embark on a journey to transform your existing yacht into the vessel of your dreams with our comprehensive Yacht Refit Services. Whether you envision significant overhauls or subtle enhancements, Zeta stands ready to turn your aspirations into tangible results. Backed by our team’s extensive expertise and robust industry connections, we ensure that every yacht refit endeavour receives the support it needs for unparalleled success.

Tailored Solutions for Every Need

No project is too grand or too modest for us. From intricate interior revamps to expansive hull extensions, Zeta caters to a diverse range of refit requirements. Our commitment lies in delivering outcomes that exceed expectations, adhering to timelines, and respecting budget constraints. With meticulous planning and execution, we guarantee a seamless refit experience from start to finish.

Strategic Planning for Success

Our journey begins with thorough planning. We delve into shipyard options, meticulously evaluate costs, and handpick the perfect refit team to realize your vision. Leveraging our longstanding partnerships within the maritime industry, we craft bespoke strategies tailored to your project’s unique needs. With Zeta at the helm, rest assured that your refit endeavour is in capable hands.

Navigating Shipyard Selection

Selecting the right shipyard is paramount to the success of your refit project. Beyond quality workmanship, we prioritize minimizing yacht downtime while maximizing value for our clients. Drawing upon our extensive network, we guide you through the process, ensuring that your chosen shipyard aligns with your objectives seamlessly.

Efficient Project Management

Our dedicated Yacht Refit Team assigns a seasoned consultant to oversee every facet of your project. Acting as your advocate, we add value at every turn, managing costs, mitigating risks, and circumventing potential delays. With Zeta’s project management expertise, your refit journey unfolds smoothly, allowing you to sail into a future filled with newfound possibilities.

In conclusion, with Zeta’s Yacht Refit Services, your vision of the perfect yacht becomes a reality. From meticulous planning to flawless execution, we are committed to delivering results that surpass expectations. Trust us to navigate every phase of your refit journey, ensuring a seamless experience from concept to completion.