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. 

CAPITAL CITY: VallettaLANGUAGES: Maltese, EnglishSCHENGEN: Full Member Since 2007CURRENCY: Euro €TOTAL AREA: 316 km²POPULATION: 417,432NEAREST COUNTRY: Italy, 255 kmTIME ZONE: Central European Time Zone (UTC+01:00)

• Free Circulation in the EU 
• Yacht is VAT Paid 
• Low VAT Rate

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. 

• 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