Malta, the smallest European Union member state, is an island of stability with a welcoming innovative mind-set and a proven record of economic success. Malta enjoys a stable political climate and a bi-partisan political scene that is largely convergent on issues of national and economic importance. The country is ideally located in the centre of the Mediterranean Sea and acts as a perfect bridge between Europe and other continents. Malta has been a member of the European Union since 2004 and of the Schengen Area since 2007. Malta is a signatory to all the major maritime conventions.
Malta, the smallest European Union member state, is an island of stability with a welcoming innovative mind-set and a proven record of economic success. Malta enjoys a stable political climate and a bi-partisan political scene that is largely convergent on issues of national and economic importance. The country is ideally located in the centre of the Mediterranean Sea and acts as a perfect bridge between Europe and other continents. Malta has been a member of the European Union since 2004 and of the Schengen Area since 2007. Malta is a signatory to all the major maritime conventions.
Country Highlights
| CAPITAL CITY: Valletta | LANGUAGES: Maltese, English |
| SCHENGEN: Full Member Since 2007 | CURRENCY: Euro € |
| TOTAL AREA: 316 km² | POPULATION: 417,432 |
| NEAREST COUNTRY: Italy, 255 km | TIME ZONE: Central European Time Zone (UTC+01:00) |
Legal Basis
Given that Malta is a member of the EU, once a yacht is imported into Malta and therefore satisfies the VAT requirements, such a yacht can enjoy free circulation in the European Union. Malta has a VAT rate of 18%, which is the lowest rate in the EU for a non-land-locked state.
Benefits
- Free Circulation in the EU
- Yacht is VAT Paid
- Low VAT Rate
Eligibility
- Any vessel which is currently non-VAT paid
- No restrictions attached to the flag
REQUIREMENTS
- Vessel must visit Malta
- Vessel must be used for pleasure purposes
Process & Timeline
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