The HSM Group is proud to once again offer a legal internship for the 2019/20 academic year in partnership with the Cayman Islands Further Education Centre (CIFEC). Eleven interns have been recruited from the CIFEC Career Fair that was held Read more +
The HSM Group is proud to sponsor the 3rd Annual Society of Trust and Estate Practitioners (STEP) Cayman Conference, taking place at The Ritz-Carlton Grand Cayman from January 23-24. HSM’s Head of Private Client and Trusts, Robert Mack, will be Read more +
Who’s Who Legal (WWL) has featured two HSM Lawyers in the Cayman Islands in their recently released 2019 Private Client Guide and 2020 Restructuring and Insolvency Guide. Ian Lambert, HSM’s Partner, is recognised as a restructuring and insolvency expert. Ian Read more +
Purchasing property in the Cayman Islands is attractive, not only for the luxurious beaches and high standard of living but the buying process is acclaimed for its structure and variety of opportunities. HSM’s property lawyers in the Cayman Islands breakdown Read more +
Why Should You Register an Aircraft in the Cayman Islands?
The Cayman Islands, consisting of Grand Cayman, Cayman Brac and Little Cayman, are a British overseas territory located in the western Caribbean Sea.
Cayman is a major world offshore centre and a tax neutral environment, which, in conjunction with the Cayman Register being rated as a “Category 1 Aviation Regulatory Authority” by the US Federal Aviation Administration, makes it an attractive choice for many owners and management companies with corporate aircrafts.
The Cayman Islands, since 1976, has been attracting a number of Aircraft Registrations and presents a viable alternative to the US, and other registration jurisdictions.
The Cayman Islands acts under the purview of the British Civil Aviation Authority.
The process of registration generally takes 2 to 3 weeks to complete.
The Cayman Islands aircraft register is highly respected and recognised throughout the international aviation industry. The majority of the aircraft on the Aircraft Register are private exclusive jets but there is also increasing interest in the Cayman Register to register commercial aircrafts.
The Cayman Register can be used to register an aircraft in the “private” category, and this has been expanded to include all turbo-jet aircraft, all other aircraft above 5,700kg and helicopters that are based on yachts.
Benefits of Cayman Registration
- Tax Neutrality
- Low Profile Registration Mark
- Compromise Jurisdiction where an owner and financier reach an agreement to register in a neutral jurisdiction.
- Efficient Regulation
- Type Certifications – By registering on the Aircraft Register the expense of being the first to register a given type of aircraft elsewhere can potentially be avoided
- The Cayman Islands Civil Aviation Authority are efficient at responding to owners and operators’ queries
HSM is a law firm in the Cayman Islands that can guide you on how to register an aircraft in the Cayman Islands and is listed as a service provider by the Civil Aviation Authority of the Cayman Islands.
For more details on our aircraft registration services, visit https://www.hsmoffice.com/law/aircraft-registration.