Aircraft Registration - IoM Structure

Why consider an Isle of Man structure?

An Isle of Man structure that owns the aircraft offers a number of advantages above individual ownership, as follows:

• Tax planning opportunities if owned by a company, as the Isle of Man is the only international centre that enables registration for EU VAT/IVA, along with a zero direct tax regime for Isle of Man businesses
• Confidentiality for security-sensitive individuals as the identity of the beneficial owner or operator of the aircraft can remain private as the aircraft is owned by the structure
• A Standard & Poor’s and Moody’s AAA rated jurisdiction
• Limited liability if owned by a company, and as such minimises the financial risk associated with air disasters
• If the company is owned by a trust, this would aid inheritance planning and provide further confidentiality
• Clear and simple taxation regime