Cruisers Forum
 


Join CruisersForum Today

Reply
 
Thread Tools Search this Thread Rate Thread Display Modes
Old 04-02-2019, 07:01   #1
Registered User

Join Date: Dec 2015
Posts: 40
canadian purchase boat in Malta

Hello Sailers. Need advice. For me to purchase the boat registered in uk by uk citizen, Register in Malta. Do i just go to Transport Malta and check for encumrances, Get civil declatation status, Declaration of ownership at transport Malta in front of commissioner of oaths? Also do i need a lawyer to hold and pay funds to owner. Law firm wants 3900 euro to do it! Double that almost for canadian currency... Advise please.
__________________

mrmagoo777 is offline   Reply With Quote
Old 04-02-2019, 08:09   #2
Registered User
 
gabilo's Avatar

Join Date: Dec 2009
Location: Mediterranean
Boat: CT-47
Posts: 135
Re: canadian purchase boat in Malta

Quote:
Originally Posted by mrmagoo777 View Post
Hello Sailers. Need advice. For me to purchase the boat registered in uk by uk citizen, Register in Malta. Do i just go to Transport Malta and check for encumrances, Get civil declatation status, Declaration of ownership at transport Malta in front of commissioner of oaths? Also do i need a lawyer to hold and pay funds to owner. Law firm wants 3900 euro to do it! Double that almost for canadian currency... Advise please.


If you take up Maltese residency costs are quite low... without residency you need to engage an residence agent ...

Apart from that, everything is straight forward ... make a purchase agreement with the buyer, pay, receive the documentation... with this you go to transport Malta or hand everything to the agent.
Provisional certification is valued for 6 months ... thereafter yearly renewal (payment of the fees)

You can also register the boat in Canada if you prefer

I have gone through the same process a while ago. PM me for further details.
__________________

gabilo is offline   Reply With Quote
Old 04-02-2019, 16:32   #3
Registered User

Join Date: Dec 2015
Posts: 40
Re: canadian purchase boat in Malta

Hi, Thank You, So make sure all paper work done first at Transport Malta, No liens etc? What are yearly residency costs/And how to Get Residency? What are the costs for that? Stephen.
mrmagoo777 is offline   Reply With Quote
Old 04-02-2019, 16:52   #4
Registered User

Join Date: Dec 2012
Posts: 321
Re: canadian purchase boat in Malta

3900 sound like a lot.

I used an American title transfer co. For about 500 for a boat in US. Turns out boat had a lien on it. The title co ensured the lien was lifted. Not particularly unusual the prev owner had a mortgage on the boat which needed cleared to clear the title.
I decided the cost of a title company was worth it to protect my money on an international purchase. They took care of getting it done right and the boat registered with title in my name.
Malta is probably reputable. I would worry enough to pay the cost of getting it done right. Simply because I couldn’t afford to loose the price of a boat if it went wrong.

If the deal gets to complicated is it worth making?
Uricanejack is offline   Reply With Quote
Old 04-02-2019, 18:14   #5
Registered User

Join Date: Dec 2015
Posts: 40
Re: canadian purchase boat in Malta

Hi, Name of company in U.S? They can do Malta purchase. Just the cost of Malta law firms insane. Cost me 6-7,000 canadian .. Thank you, Stephen. Deletion of flag from U.K. TO Register in Malta also. Going to get my boots on the ground.
mrmagoo777 is offline   Reply With Quote
Old 05-02-2019, 09:57   #6
Registered User
 
hamburking's Avatar

Join Date: Feb 2013
Location: Kingston Ont Canada
Boat: Looking for my next boat!
Posts: 2,789
Re: canadian purchase boat in Malta

I'm also Canadian, and looking for my next boat.

Just curious why you wouldn't want to register the boat in Canada. Fees are modest (a few hundred, cdn) and no tax incurred unless you actually bring the boat into Canada. I have found the Canadian Registrar of ships to be very helpful when problems come up.
hamburking is offline   Reply With Quote
Old 05-02-2019, 10:36   #7
Freelance Delivery Skipper..
 
boatman61's Avatar

Community Sponsor
Cruisers Forum Supporter

Join Date: Jan 2010
Location: PORTUGAL
Posts: 23,906
Images: 2
pirate Re: canadian purchase boat in Malta

Quote:
Originally Posted by mrmagoo777 View Post
Hi, Name of company in U.S? They can do Malta purchase. Just the cost of Malta law firms insane. Cost me 6-7,000 canadian .. Thank you, Stephen. Deletion of flag from U.K. TO Register in Malta also. Going to get my boots on the ground.
The owner of the boat you bought should have already sent back the registration to be deleted if he's followed the rules.
If the registration number on the boat is preceded by SSR I would not stress about it at all, just go ahead with your new registration.. they don't send any letter/note of deregistration.. its most likely an SSR, the cheapest and easiest UK registration and does not prove ownership.
__________________


Born To Be Wild.. Click on the picture.
boatman61 is offline   Reply With Quote
Reply

Tags
boat, Malta, purchase

Thread Tools Search this Thread
Search this Thread:

Advanced Search
Display Modes Rate This Thread
Rate This Thread:

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are Off
Pingbacks are Off
Refbacks are Off


Similar Threads
Thread Thread Starter Forum Replies Last Post
Malta boat purchase info and Insurance prices? mrmagoo777 Other 7 29-01-2019 13:55
Open CPN and Canadian Chart Purchase Jay Brodmerkel OpenCPN 7 26-04-2016 13:50
Shipping a Boat from Malta to South Africa jose barbedo General Sailing Forum 0 08-05-2009 04:22
Canadian buying canadian boat in Florida Rastarea Rules of the Road, Regulations & Red Tape 7 08-02-2009 09:15
Buyiing a Canadian-Registered Sailboat from Another Canadian in Guatemala squarehead General Sailing Forum 2 14-01-2008 05:47



Copyright 2002- Social Knowledge, LLC All Rights Reserved.

All times are GMT -7. The time now is 18:57.


Google+
Powered by vBulletin® Version 3.8.8 Beta 1
Copyright ©2000 - 2019, vBulletin Solutions, Inc.
Social Knowledge Networks
Powered by vBulletin® Version 3.8.8 Beta 1
Copyright ©2000 - 2019, vBulletin Solutions, Inc.

ShowCase vBulletin Plugins by Drive Thru Online, Inc.