Social security for Maltese-flagged yachts
As one of the leading EU yacht registry locations, Malta offers many benefits for yacht owners and provides a high-quality yacht registry. Another benefit is that Malta provides favourable fiscal advantages. Within the European Union, seafarers, like other EU Nationals are entitled to social security protection. France, in particular, has been active in ensuring that seafarers are afforded protection, whether the yacht is a pleasure or commercial vessel.
There are significant legal consequences, both civil and criminal, for yacht owners who do not comply with social security obligations.
Alasdair Milroy, Director of Breaking the Mould Employment Services ICC Limited, contributed some insight for a Superyacht Content article about the benefits for crew on Maltese-flagged yachts.
Read the Superyacht Content article here:
If you have any questions about the advantages of the Malta flag for seafarers or crew payroll for Maltese-flagged yachts, you can book a call with us at www.btmgroupci.com/schedule
