St Julian’s Maritime Finance Limited, a European yacht leasing company, today announced that it has been approved and licensed by the Malta Financial Services Authority (MFSA) as a non-banking financial institution.
The license will allow the company to expand its already successful operating yacht leasing business by offering financial leases. Malta is an ideal base for the business given its comprehensive yet simple and well-respected yacht register, availability of quality staff and beautiful Mediterranean waters.
The company offers a one stop shop service to its European clients by offering tailor made asset-backed financial and operating yacht leasing solutions combined with ancillary yacht related services, such as registration, insurance advisory as well as other ad hoc services.
St Julian’s Maritime Finance now offers competitive lending to clients selecting boats valued between €1 million and €10 million, both new and well maintained.
Willem Steenkamer the company’s CEO commented “This is a great day for the maritime business in Malta which is so well served in all areas of the business except finance, where few options have been available until today. We are European, we move fast and are delighted to be enhancing yachting operations in Malta.”
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