Shipping Company Formation and Registration in Malta
In 2010, the Malta ship register became the seventh largest register in the world. Last year, 2014, the Malta Maritime and Shipping industry registered a growth of 13.6% in gross tonnes and achieved a record amount of Ships/Yachts flying the Malta Flag. The steady increase further shows how important a jurisdiction Malta is with regards to Maritime operations.
In addition, Malta is also a member of a number of international maritime conventions such as Solar and Tonnage 1969.
Today, Shipping Companies in Malta are required to be licensed by the Maltese Registrar General of Shipping and Seamen. The process is easy and straightforward. Some of the details required are as follows:
• Name of the shipping company;
• All details of each of the shareholders involved with the incorporation, which can be individuals or corporate entities;
• The number of shares held by each shareholder and the paid up share capital of the incorporation;
• All details of each director to be named in the incorporation, which can be an individual or a corporate entity.