Source: Kinga Warda¸ PKF Malta
On 20th November 2012¸ Grand Harbour Marina has signed a Memorandum of Understanding (MoU) for the sale of a superyacht berth with a value of €3.1million. This berth sale when finalized will have a significant positive effect on both profit and cash flow for GHM and¸ consistent with GHM’s approach to dividends.
Nick Maris¸ Chairman and CEO of Camper & Nicholsons Marinas Ltd who has led the berth sale¸ said:
“The signing of a MoU for a superyacht berth sale¸ is evidence that Malta’s attractiveness as a home port for superyachts has continued to strengthen relative to other EU and North African states. Steady support for the yachting sector at government level in Malta¸ with attendant fiscal certainty¸ has also resulted in the growth of the necessary facilities and services to make Malta a particularly attractive location as a superyacht home port. The level of interest we are experiencing in superyacht berths is now at its highest since 2007. We also remain greatly encouraged by the progress of our third party marina management business and look forward to maintaining this momentum in the New Year.”
Notwithstanding¸ Malta offers plenty of advantages which might be considered attractive for many foreign ship-owners. There are no restrictions on the nationality of the master¸ officers and crew serving on board Malta-flagged vessels. Moreover¸ vessels of 1¸000 net tons (and over) are automatically exempt from tax and duty on transfers or assignments¸ donation and succession duty. Thanks to the number of double taxation and bilateral maritime agreements¸ Malta with its political stability provides an indisputably solid framework for ship registration.
Undeniably¸ one of the leading firms on the island dealing with ship registration is PKF Malta¸ a well-known company which can provide you with more information about advantages for ship-owners. The PKF team will assist you in a timely manner and at a reasonable price to register your vessel under the flag of Malta. More details about our services can be found by visiting the website www.pkfmalta.com
In case of any questions or queries please feel free to contact our team at email@example.com