Malta To Strengthen Aircraft Registration Regime
by Ulrika Lomas, Lowtax.net, Brussels
17 June, 2015
Malta is to revise its Aircraft Registration Act to give the industry a more solid legal framework and make the country more attractive to organizations offering varied aircraft services.
Tourism Minister Edward Zammit Lewis announced the changes at the Pilot Wings presentation at the Island Microlight Club. Zammit Lewis said the law would be amended to reflect the rapid changes and growth that the industry experienced over the past few years.
Zammit Lewis said that the Government is adopting a proactive and dynamic approach towards aviation in Malta by identifying aviation clusters, such as aircraft leasing and aircraft finance, that could offer a healthy competitive advantage, increased revenue, and employment opportunities for Malta.
The Minister also announced that in the next few months, the Government will be laying down a legal framework for the regulation of remote pilot aircraft, aimed at exploiting economic opportunities that could arise from their use.
The Malta Aircraft Registry came into force with the enactment of the Aircraft Registration Act in 2010. It aims to deliver a transparent and flexible international aircraft registry within a favorable tax environment. The amendments are due to come into force by the end of the year.
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