Registration of aircraft in the Cayman Islands
The Cayman Islands is widely recognised as a leading jurisdiction for the registration of business jet aircraft. Owners and financiers alike have confidence in registering aircraft for a number of reasons:
- its tax neutral environment, with no tax payable on the transfer of title to an aircraft;
- its stable political government and highly developed legal system based on English common law;
- its efficient, British based system of registration for aircraft and aircraft mortgages;
- a professional infrastructure with experienced service providers to support aircraft financing and registration;
- domestic legislation to protect the interests of financiers, including a statutory system of registration to determine priority of mortgages, the ability to file priority notices in respect of impending mortgage registrations and the domestic recognition of “international interests” on the International Register established under the Convention and Protocol on International interests in Aircraft and other Mobile Equipment signed at Cape Town on 16 November
- 2001, pursuant to The Cape Town Convention Law of the Cayman Islands; and
- its ‘friendly flag’ and international standards of aircraft maintenance and airworthiness…
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Briefings from Mourant Ozannes
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