In addition to the obvious benefits of the Isle of Man's
stable political and economic environment the benefits of the Isle
of Man as a jurisdiction for aircraft (high quality private and
corporate jets and high quality twin turbine-engine helicopters
which are not used for commercial air transport) registry are
Operating Costs – the low priced costs involved in
operations from the Island
A Register where registration grants the right to use the
single "M", politically neutral, prefix
Exceptionally efficient and high personal service standards
from an internationally respected registry which is available
The beneficial tax regime (both in terms of VAT planning and
corporate tax) which exists in the Island
A secure Aircraft charges register.
Also helpful is that the Isle of Man is in the same time zone as
the UK and never more than one hour different from Europe.
Of the above reasons, then the beneficial tax regime afforded by
the Isle of Man is arguably the most significant.
Like the Channel Islands, the Isle of Man has retained a 0-10%
tax regime for companies with the standard rate of corporate tax
being 0%, and no capital gains tax. Unlike the Channel Islands, the
Isle of Man has VAT.
An Isle of Man VAT registered business may enjoy the following
With a Certificate of Approval for Duty Deferment the deferral
of import VAT for 15 days after the month end
Import to the Isle of Man
VAT zero rating
Reclaim VAT on Isle of Man and UK expenses.
Some further benefits of registering in the Isle of Man are:
No Insurance Premium Tax (IPT) vs 6% in the UK
No exchange controls.
There are a large number of aircraft management and
administration businesses on the Isle of Man to cater for the
growing demand for Manx registered aircraft. These businesses can
assist with the likes of ensuring local management and control
remains in place, VAT administration, crew arrangements and
payrolling, insurance and brokerage arrangements, intra-group
chartering (subject to compliance with specific User Agreements and
only between related group companies) and all manner of
registration and structure maintenance.
This culmination of factors has meant the Isle of Man Aircraft
Registry has experienced very significant year on year growth with
over 478 aircraft now registered and 16 Authorised Airworthiness
Surveyors employed in Switzerland, UK, USA and the Isle of Man.
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guide to the subject matter. Specialist advice should be sought
about your specific circumstances.
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