Pelagos forms new Maltese Leasing Company

The Government of Malta has followed the example of France and Italy and has established their own Yacht Leasing Scheme which results in considerable VAT benefits.

This scheme has been developed from cooperation between the relevant Maltese Government Departments and representatives of the Marine Industry. It follows the basic principles of the Italian and French schemes. It has the force of law in Malta and through the Maltese membership of the Union , throughout the EU. The benefit of this structure over the French and Italian schemes is that the base rate of VAT at 18% is lower than the applicable rates in France and Italy .

Pelagos Yachts Malta - a subsidiary of Pelagos Yachts Limited , has been formed to provide this service to our clients. Using this structure the yachts involved can be registered in any EU member state whilst enjoying the fiscal benefits of the Maltese system.

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