Guernsey Aircraft Registry Signs First Airbus A330
by Jason Gorringe, Lowtax.net, London
01 October, 2014
The Guernsey Aircraft Registry has welcomed the recent registration of its first wide-body aircraft, an Airbus A330.
The Registry, known as 2-REG, is open only to aircraft that are not currently being used for commercial air transport. It aims to act as a neutral stop-gap for international transfers. Application for registration can be made by both natural and legal persons.
The benefits of the island's register include a neutral nationality mark (2-xxxx), no capital gains tax, capital transfer tax or withholding taxes, no insurance premium tax, and access to the island's network of Double Taxation Agreements (DTA).
The most recently available figures show that 22 aircraft had been registered by the end of August 2014.
The Registry's Executive Director, Wim Ovaa, said: "In less than a year we have taken on new staff and are breaking ground on the types of aircraft we are registering. Feedback we're receiving shows clients are attracted to our swift response times and the smooth manner in which we completed the whole registration process."
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