A yacht in Malta may be registered as a pleasure yacht or as a commercial yacht. There are now more than 230 commercial yachts, with an average length of 31 metres, registered under the Malta flag.

The registration and operation of Maltese commercial yachts is principally regulated by the Merchant Shipping Act (Chapter 234 of the Laws of Malta), subsidiary legislation enacted thereunder and a code of practice known as the Commercial Yacht Code (the "Code"). The Code originally published in 2006 has since been amended. The present version is now the Code as published in 2015