We use cookies to give you the best online experience. By using our website you agree to our use of cookies in accordance with our cookie policy. Learn more here.Close Me
The Isle of Man Aircraft Registry has announced the
registration of its 500th aircraft since its inception on 1 May
2007. The aircraft in question was a Bombardier Global 5000,
registration M-SEAS, which was delivered new from the factory in
Montreal Canada.
Minister for Economic Development, John Shimmin
MHK, commented:
"I would like to congratulate Hartley Elder and all the team
at the Registry on this achievement. The business-friendly approach
offered by the Registry and industry typifies the advantages of the
Isle of Man as an International Business Centre and has helped
establish the Island as a one stop shop for aviation
services."
Director of Civil Aviation, Hartley Elder,
commented:
"The Aircraft Register specialises in the registration of
Private and Corporate owned business jets; for many of the owners
of these jets, this would be their first experience of doing
business with the Isle of Man, we hope the 'first
impression' we create will encourage them to consider doing
more business with the island's private sector."
Furthermore, the Isle of Man Aircraft Registry has received another
important industry accolade, winning Overall Best Aircraft Registry
according to the Corporate Jet Investor 2012 Aircraft Registration
Survey.
It also won in the Quickest Speed of Service category and Most
Innovative category. The survey asked leading international lawyers
for their view on aircraft registries around the world. The general
consensus was that the Isle of Man Registry was the most "user
friendly" and ideal for aircraft not intended to operate
commercially.
The content of this article is intended to provide a general
guide to the subject matter. Specialist advice should be sought
about your specific circumstances.
To print this article, all you need is to be registered on Mondaq.com.
Click to Login as an existing user or Register so you can print this article.
Cayman Finance, which represents much of the financial community in the Cayman Islands submitted a letter on May 22nd highlighting massive inaccuracies in an article by Sir Simon Jenkins.
One of the fundamental principles of company law is that a lawfully incorporated company has a legal personality and identity that is separate from its directors or shareholders.
Reports in the UK suggest a dossier of more than 100 names of people with money here, and other tax free jurisdictions, has been compiled to find those who are avoiding paying tax.
14 May 2013 (Cayman 27) The head of Cayman Finance has rejected claims from economist Jeffrey Sach that some residents here sit on hundreds of hedge fund boards.
Following on from our recent article on the Companies Act 2011, the Companies Act 2012 further demonstrates the Isle of Man’s commitment to seeking transparency in the ownership of companies.
As the private client industry in Jersey seeks to attract clients from the emerging jurisdictions it is likely to become increasingly involved with putting in place succession planning and asset protection structures that relate to family businesses.
Some comments from our readers… “The articles are extremely timely and highly applicable” “I often find critical information not available elsewhere” “As in-house counsel, Mondaq’s service is of great value”