nir-vana innovation network

The Maltese company can support interested business partners through its various services related to ship and yacht Malta flag registration. Moreover, it can also support SMEs by providing corporate services that include setup of corporate structures, registered address facilities, payroll services, issuance of crew employment contracts in accordance with MLC (Maritime Labour Convention) 2006, handling all employment and social security and tax matters for crew serving on board vessels, book-keeping, VAT (value added tax) compliance, VAT lease structures, tax related matters, vessel accounting, assistance with company financial audits. Yachting services include yacht importation for private and commercial vessels, temporary importation for privately owned yachts by non EU residents, yacht leasing structures under Malta's VAT system, flag registration of private and commercial yachts, crew contract issuance and payroll services. The company offers crew management services and assists with the verifying of qualification, documentation and certificates, application for flag state certificates and seaman's books, selection, planning and placement of crew on board, preparation and issuance of crew employment contracts, travel arrangements, training and briefing before joining, handling of illness and accident claims with P&I (protection and indemnity) insurance, crew performance & efficiency evaluations, preparation of crew payroll and payment of crew wages.
The company is certified as a seafarer recruitment and placement service provider. A commercial agency agreement is sought.

Advantages & innovations

The company operates a high quality flag with more than 40 years experience, having competitive ship registration fees, low company formation costs, and a progressive reduction in registration costs for younger ships; it is on the white list of the Paris MoU and Tokyo MoU, has no trading restrictions and enjoys preferential treatment in certain ports and it meets the flag criteria for a low risk ship. Vessels registered under the Malta flag may benefit from tonnage tax rules. Malta is a party to the major international conventions, and Malta flagged vessels have no restrictions on the nationality of crew. Registration is a straightforward and quick registration procedure and a wide spectrum of vessels are eligible for registration. The Authority operates a 24/7 week service for urgent cases. The company has over 20 years experience in maritime and offers a personal and tail-made solutions depending on the needs of its clients.

Stage of development

Already on the market

Partner sought

The company is seeking to collaborate with clients/partners interested in their services and solutions. The company is eager to establish long term business cooperation and partnership on the basis of a commercial agency agreement.