With over 290 aircraft registered in Malta, private and commercial aircraft owners are finding the tiny island of Malta in the Mediterranean an attractive place to do business especially if you are looking at increasing your fleet or setting up as a new operator.
Malta, a full member of the European Union with regulations and directives issued by the European Aviation Safety Agency (EASA), the Joint Aviation Authorities (JAA) and Joint Aviation Regulations (JARs).
The attractive fiscal benefits of registering your aircraft in Malta includes a lower corporate tax whereby non-residents claim tax refunds. It’s also worth mentioning that income from the international transport of goods and passengers outside the country is exempt from Maltese tax.
Some of the additional considerations to take into account:
- Any aircraft on the Maltese aircraft register can be located and operated anywhere in the word without restrictions
- You can apply for registration if your aircraft is currently not in service or under construction
- Aircraft registered in Malta are not subject to stamp duty
- Aircraft registration fees are favourable throughout Europe
- The considerable benefits of the Cape Town Convention
- Maltese law provides fiscal incentives for the aviation industry
With easy reach of Europe, North Africa and the Middle East, Malta offers a robust legislative environment and an extensive network of double taxation agreements, making it an ideal place to do business out of.
For more information on the benefits of registering your aircraft in Malta, trustees and fractional ownership and the legal and fiscal benefits please feel free to get in touch with us.