Jersey Legislates For Aircraft Registry
by Mike Godfrey, Lowtax.net, Washington
02 May, 2014
Jersey's Minister for Economic Development, Alan Maclean, has lodged draft legislation to establish an aircraft registry in Jersey. Aircraft would be registered under the nationality registration prefix 'JZ-'.
The move follows the launch of Guernsey's registry, 2-REG, in December after the cancellation of plans for a joint Channel Islands aircraft registry last year due partly to differences in the two islands' tax regimes.
The proposed Jersey aircraft registry would allow for the registration of private and corporate high-value aircraft, aircraft engines, and aircraft mortgages and commercial aircraft engine mortgages.
Assistant Minister for Economic Development James Baker said: "As a stable, highly respected international finance center with world-class legal and fiduciary expertise, Jersey would be a very attractive base for an aircraft registry. Reports have shown that there is a great deal of potential income to be generated in this area. With our established culture of exceptional client service and professionalism, Jersey could expect to establish a high-quality client base through its aircraft registry."
See all of today's news