Aircraft Registration
Aircraft registration is now available for non-commercial aircrafts in the Isle of Man due to the introduction of the first dedicated corporate register service in a European time zone. The Isle of Man International Register offers unique financial and operational benefits, including the following:
- FLEXIBILITY: The Isle of Man International Register is an independent British Register and will not be regarded as a Flag of Convenience.
- SECURITY: The nationality and identity of the operator and owners of the aircraft can remain private. The Isle of Man is not, and has never been, a member of the UK or the European Union, so the “M” registrations may be viewed as politically neutral. This advantage may be a consideration for those operators and owners who are concerned about security and safety issues.
- TAXATION: All aviation transactions qualify for a 0% rate on corporation tax. Further, there is no Isle of Man insurance premium tax (usually 5% in the UK) which means that the costs of operating an aircraft from the Isle of Man can be significantly low.
- VAT ZERO RATING: Businesses in the Isle of Man may register for VAT while benefiting from the 0% tax rate on profits. VAT liability on the purchase of your aircraft can be significantly reduced with proper tax planning advice.
- MORTGAGE: An aircraft mortgage register based on identical UK legislation exists in the Isle of Man.
- REGISTRATION FEES: The policy of the Isle of Man Government is to maintain the lowest possible fees in order to ensure the success of international aircraft registration system.
For further information on aircraft registration services, please contact us.
