A Few Things We’ve Learned
In November, we attended and thoroughly enjoyed the Irish Aviation conference. The Irish Registry, a neutral European premium registry, is keen to attract more business jets. The benefits of the Irish Registry include relatively low corporate tax rates, a Eurozone and European time zone registry, and accelerated depreciation rates.
One unique advantage of the registry is that whilst it is part of Europe, it also has a strong special reciprocal relationship with the UK and the US. Its relationship with the USA facilitates operating business jets and the preclearance of passengers in the US. We have seen a number of operators exploring the Irish Registry for their jets.
Alternatively, Gibraltar is launching an aircraft registry, based on the successful and responsive Aruba and T7 San Marino Registries. We will be keeping an eye out for the benefits created by this once it is launched.
Ian Petts
Partner