The Cayman Islands, consisting of Grand Cayman, Cayman Brac and Little Cayman, are a British overseas territory located in the western Caribbean Sea. Cayman is a major world offshore centre and a tax neutral environment, which, in conjunction with the Read more +
Nick Joseph (Partner) and Peter de Vere (Head of Corporate and Commercial) explore the requirements for Economic Substance in the Cayman Islands and what it means for this jurisdiction. For a full overview on whether or not your business may be affected by this Read more +
Our Head of Private Client and Trusts, Robert Mack, will be travelling this year to attend two conferences by the Society of Trust and Estate Practitioners (STEP). STEP Miami’s 10th Annual Summit takes place on May 31 at the Four Read more +
On March 8 2019, the Legislative Assembly approved a broad series of enhancements to the Trusts Law of the Cayman Islands as described in the Trusts (Amendment) Bill, 2019. Our Head of Private Client and Trusts, Robert Mack, shares that Read more +
Why Should You Register an Aircraft in the Cayman Islands?
The Cayman Islands, consisting of Grand Cayman, Cayman Brac and Little Cayman, are a British overseas territory located in the western Caribbean Sea.
Cayman is a major world offshore centre and a tax neutral environment, which, in conjunction with the Cayman Register being rated as a “Category 1 Aviation Regulatory Authority” by the US Federal Aviation Administration, makes it an attractive choice for many owners and management companies with corporate aircrafts.
The Cayman Islands, since 1976, has been attracting a number of Aircraft Registrations and presents a viable alternative to the US, and other registration jurisdictions.
The Cayman Islands acts under the purview of the British Civil Aviation Authority.
The process of registration generally takes 2 to 3 weeks to complete.
The Cayman Islands aircraft register is highly respected and recognised throughout the international aviation industry. The majority of the aircraft on the Aircraft Register are private exclusive jets but there is also increasing interest in the Cayman Register to register commercial aircrafts.
The Cayman Register can be used to register an aircraft in the “private” category, and this has been expanded to include all turbo-jet aircraft, all other aircraft above 5,700kg and helicopters that are based on yachts.
Benefits of Cayman Registration
- Tax Neutrality
- Low Profile Registration Mark
- Compromise Jurisdiction where an owner and financier reach an agreement to register in a neutral jurisdiction.
- Efficient Regulation
- Type Certifications – By registering on the Aircraft Register the expense of being the first to register a given type of aircraft elsewhere can potentially be avoided
- The Cayman Islands Civil Aviation Authority are efficient at responding to owners and operators’ queries
HSM is a law firm in the Cayman Islands that can guide you on how to register an aircraft in the Cayman Islands and is listed as a service provider by the Civil Aviation Authority of the Cayman Islands.
For more details on our aircraft registration services, visit https://www.hsmoffice.com/law/aircraft-registration.