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…
If you are registered and logged in to the site, click on the link below to read the rest of the Mourant Ozannes briefing. If not, please register or sign in with your details below.
News from Mourant Ozannes
Briefings from Mourant Ozannes
A long-anticipated overhaul of the Cayman Islands Exempted Limited Partnership Law was enacted on 2 July 2014. This article summarises the key changes.
Private equity funds are set to benefit from updates to the Cayman Islands exempted limited partnership law.