Yachting Lifestyle

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7 Reasons to Move to Malta and Enjoy the Yachting Lifestyle

If you own a Sailing yacht or a motor yacht, there are several reasons why you might consider moving to Malta:

1. Member of the European Union (EU)

Malta is well-versed in European culture and law, making it very easy to assimilate into Maltese society. Language barriers are unlikely due to the wide use of English, being one of Malta’s official languages.

2. Superyacht Hub

Malta has established itself as an important superyacht hub in the Mediterranean, with excellent harbours and a good range of repair facilities, excellent tradesmen offering competitive pricing, in fact, a lot of Superyachts already use Malta for winter maintenance and their crew in and out since it is just 3 to 4  hours away to and from any European city. Not to mention that it’s a good time to enjoy some autumn-winter boating for those who like sailing. In fact, Malta hosts one of the most important offshore yacht races: the Rolex MiddleSea Race.

3. Convenient Location

Malta’s location in the Mediterranean makes it a convenient location for yacht owners to explore other parts of the region and the Mediterranean.

4. Mediterranean Lifestyle

Malta offers a Mediterranean lifestyle, with abundant sunshine, beautiful beaches, and a relaxed pace of life.

5. Friendly People

The Maltese people are known for being friendly and welcoming, which can make it easier to settle into a new country.

6. Favourable Taxes

Malta offers favourable tax rates for yacht owners, making it an attractive destination for those looking to register their yacht.

7. World-class attractions and activities

Despite its small size, Malta offers a surprising range of world-class attractions and activities for all ages, including ancient history, fine dining, 3-4-5-star hotels & luxury rentals, diving, hiking, boating, and wandering through vineyards and villages.

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Malta as the Perfect Location for the Yachting Lifestyle

Apart from all the positive aspects mentioned already, there are further incentives for those looking to move and/or register their vessel in Malta when it comes to the actual brass-tacks of the yachting lifestyle.

Yes, Malta is small, 316 km² to be exact, but you should see that as a plus! Small means quick & easy: you can be in and out via the airport in minutes. In fact, Hal Luqa is quite central, and with many junctions leading traffic in and out efficiently. Are you rather looking for sea travel? The port in Valletta sees heavy sea traffic every day in an efficient manner. Not only that, but you are in for a visual feast, and you enter or exit Malta with those commandeering bastions in Valletta and the three Cities.

Whether you’re looking for a crew for your pleasure craft or even your yacht turned-to-commercial charter, you can always be sure to find a crew. Many locals turn to the sea for income, but Malta also benefits greatly from imported expertise for sea-faring businesses. Therefore, with sailing and prospecting crew workers on a 27km island, you have the convenience of a concentration of expertise. There is also a high number of specialists in upholstery, engineering and vessel parts already with a large number of permanent yachting residents in Malta – which grows exponentially with visiting seacraft in the summer months.

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Ease of Access

Malta tops other jurisdictions not only because of its yacht-centric lifestyle but also because it offers a plethora of ways to reside here. There are many residency programmes available to consider; from ordinary residence programmes to residency-by-investment programmes, and many more.

Moreover, applications are straightforward when you have the right advisors to guide you, and all nationalities can apply for residency. One instantly benefits from the freedom to move, work, and reside within the EU and access to travel to over 150 countries internationally with no visa required or visa on arrival. Other benefits are apparent in the living standards, as Malta has favourable tax schemes, access to modern healthcare and education systems, and access to an efficient British-style legal and business infrastructure. To top it all off, residents can maintain dual citizenship and your offspring can inherit your citizenship.

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We Can Help!

At this point, one could even say that it is foolish not to invest in Malta. As a central jurisdiction in the Mediterranean, with a concentration of labour and expertise, whilst being part of the EU with an advanced economy and a laid-back lifestyle – this is the place for all yacht lovers. Ready to take the leap? Get a free consultation today: infomalta@kyprianou.com

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The content of this article is valid as at the date of its first publication. It is intended to provide a general guide to the subject matter and does not constitute legal advice. We recommend that you seek professional advice on your specific matter before acting on any information provided. For further information or advice, please contact infomalta@kyprianou.com or telephone +356 2016 1010.