Aircraft can be registered in the name of the owner, but registering an aircraft in the name of a company or special purpose vehicle (SPV) provides a number of distinct advantages. Access to corporate limited liability and enhanced levels of confidentiality may be the most immediate, but a company structure also offers significant potential benefits in respect of inheritance tax and succession issues, as well as reducing transfer fees in any future sale of the asset.
All such corporate structures must comply with the current legislation in the home country of the beneficial owner and with international standards. With over 25 years’ experience in the field, Sovereign is well placed to advise on these issues.