Zenco Partners

Zenco Partners Zenco Partners are certified public accountants based in Malta with a core expertise on Accounting, Tax & Advisory.

Owners usually understand the idea behind a Malta leasing structure before they understand the work.✅ The idea is simple...
15/09/2026

Owners usually understand the idea behind a Malta leasing structure before they understand the work.

✅ The idea is simple. A Malta company owns the yacht and leases it to the person using it, so VAT is paid on the lease rather than on the purchase price.

⚠ The work is where deals slow down. The registration route has to be decided before anything is signed. The company has to exist and be registered for VAT before the first instalment falls due. The lease has to be agreed before the purchase completes. And the evidence file starts on the first voyage, not in year two.

🗓 Then it settles into a yearly rhythm: VAT returns, accounts, and a review of how much of the year the yacht actually spent outside EU waters.

We set out the order of events, the documents, and the three things that most often go wrong.

📄 Link in comments.

⚠ The UK's non-dom regime ended in April 2025. Malta's has not changed.✅ Foreign income is taxed only if you bring it in...
14/09/2026

⚠ The UK's non-dom regime ended in April 2025. Malta's has not changed.

✅ Foreign income is taxed only if you bring it into Malta. Foreign capital gains stay exempt even when you do. There is no deemed domicile clock, so the treatment does not expire on a timetable.

📄 Our full guide to Malta residency and tax planning for yacht owners is in the comments.

⏱ If your timeline is short, our door is open. Email [email protected] or message us on WhatsApp at +356 7921 2598.

📉 Since January 2024 Malta has charged 12% VAT on short-term yacht charters instead of 18%. That is six points off a qua...
10/09/2026

📉 Since January 2024 Malta has charged 12% VAT on short-term yacht charters instead of 18%. That is six points off a qualifying charter. The conditions are narrower than most people assume.

✅ Three things have to be true. The charter runs no more than 90 days. It starts in Malta. And the same charterer gets a maximum of five weeks at the reduced rate in any twelve-month period.

That third one catches people. It is not a standard rate kept all season. It is an allowance for each different charterer, and it runs out.

It also does not settle whether a charter is a genuine business activity. That is a separate test, decided on what actually happens.

💶 Set against the rest of the Mediterranean it still reads well. Spain is at 21% with no relief for high seas time, Greece at 24%, Cyprus at 19%.

We set out what qualifies, what does not, and where the five week limit bites.

📄 Link in comments.

Most superyacht owners work with a broker, a maritime lawyer, a flag agent, a crew manager, a VAT accountant, and a pers...
08/09/2026

Most superyacht owners work with a broker, a maritime lawyer, a flag agent, a crew manager, a VAT accountant, and a personal tax adviser. Each one is competent.

The problem is the space between them. Every adviser owns a piece and nobody owns the picture, so the questions that fall between pieces never get asked.

It shows up in ordinary ways. The yacht gets registered privately, then a VAT plan is built that only works commercially. Neither adviser was wrong. Nobody put them in the same room.

And when it is examined, money-laundering checks, VAT inspections and crew welfare rules all ask the same thing: is the record complete and consistent. They do not care which firm handled which filing. "Another adviser dealt with that" is not an answer.

The fix is not fewer specialists. It is somebody holding the whole thing.

Link in comments.

The UK's non-dom regime ended in April 2025. Malta's has not changed.Foreign income is taxed only if you bring it into M...
07/09/2026

The UK's non-dom regime ended in April 2025. Malta's has not changed.

Foreign income is taxed only if you bring it into Malta. Foreign capital gains stay exempt even when you do. There is no deemed domicile clock, so the treatment does not expire on a timetable.

We publish a full guide to Malta residency and tax planning for yacht owners on 16 September.

If your timeline is shorter than that, our door is open. Email [email protected] or message us on WhatsApp at +356 7921 2598.

03/09/2026

We have converted the first hour of a relocation conversation in an assessment tool.

maltataxresidency.com is live. Questions on nationality, objectives and circumstances, and it returns which of the Malta residency routes are open to an individual and what each route would cost them.

It gives a direction of travel rather than a calculation. We work in ranges at this stage and the site says so, because the answer turns on where income arises, what is remitted and how the year is actually spent.

It will tell some people that no programme is worth its minimum tax, and that ordinary residence with the remittance basis of taxation is the better answer. That is a real output, not a polite way of saying no.

The reason it exists this year rather than any other is because of 31 December 2026. Applications filed by that date hold today's terms until 31 December 2031. After it, the same relocation move carries typically more than twice the minimum annual tax, against a qualifying property threshold of EUR 700,000.

Clarity for your next move, in confidence: maltataxresidency.com

If you advise yacht owners, our Malta Yacht Registration Checklist is written to be forwarded. Every document, fee, and ...
31/08/2026

If you advise yacht owners, our Malta Yacht Registration Checklist is written to be forwarded. Every document, fee, and deadline, from provisional registration to the annual compliance calendar, in one PDF.

Free download, link in comments.

A company registered abroad can continue in Malta without winding up. The legal person survives the move: contracts stan...
26/08/2026

A company registered abroad can continue in Malta without winding up. The legal person survives the move: contracts stand, banking history carries over, and the company keeps its name and its track record.

What changes is the tax and regulatory framework around it.

If a move is on the agenda, we can map the steps and the timeline.

Most directors treat the statutory audit as a cost to clear. The accounts get signed, the report goes to the Registry, a...
13/08/2026

Most directors treat the statutory audit as a cost to clear. The accounts get signed, the report goes to the Registry, and the file closes until next year.

That misses the useful part.

To sign off your accounts, the auditor has to understand how the numbers are made: who approves payments, how stock is counted, whether one person holds too much unchecked authority. What they find usually lands in the management letter, a document written for the board and not filed publicly.

It is often the most useful page you get all year. It shows where a control is weak, where money could go missing, and where a process costs more than it should.

The accounts confirm the year that has gone. The management letter helps the year ahead. The fee is the same either way.

We explain how to actually use your audit, not just buy it.

Link in comments.

Thinking of flagging a yacht in Malta? We have turned the whole process into one simple checklist: the documents, the co...
10/08/2026

Thinking of flagging a yacht in Malta? We have turned the whole process into one simple checklist: the documents, the costs, and the timelines.

Free to download. Link in the comments.

Address

Triq In-Negozju, Central Business District, Zone 3
Birkirkara

Opening Hours

Monday 09:00 - 17:00
Tuesday 09:00 - 17:00
Wednesday 09:00 - 17:00
Thursday 09:00 - 17:00
Friday 09:00 - 17:00

Telephone

+35679212598

Website

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