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Transport and Logistics Learning Suite

Seminars starting November 2020

Seminars starting November 2020

Shipping  & Aviation Cell Companies

Shipping & Aviation Cell Companies

9 November 2020

As of 3 March 2020, the Maltese Companies Act, contemplates the possibility of setting-up cell companies within the areas of maritime and aviation. Such an amendment is a revolution in an industry, such as the shipping one, based on asset ring fencing via multiple single-ship companies; thus allowing ship operators and aviation players the possibility to achieve higher efficiencies in terms of corporate and tax governance.

L.N. 248 of 2020 Companies Act (Shipping and Aviation Cell Companies) Regulations, 2020 introduced the possibility of those engaged in the shipping or aviation business to set up a cell company provides for segregating and protecting the cellular assets of the company including segregated accounts, compartments or units.

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