Isle of Man Aircraft Registration (M-)
The Isle of Man has established itself as an important one-stop shop for global aviation business, particularly with regard to the registration of private and corporate jets.
The Isle of Man aircraft registry was launched in May, 2007 and has helped drive this success with an approach based on its customer focus and its ‘safety with service’ ethos.
The safety standards that the register applies are on a par with the best of the world with the register accepting aircraft based on European (EASA), US (FAA) or Canadian (Transport Canada) certification standards.
In 2012 a survey of leading aviation lawyers from around the world, conducted by leading aviation publication ‘Corporate Jet Investor’, voted the Isle of Man Aircraft Registry the best aircraft registry in the world.
About the Isle of Man
The Isle of Man is a self-governing Crown Dependency located in the Irish Sea between Great Britain and Ireland which is not part of the United Kingdom but forms part of the British Isles.
The head of state is Queen Elizabeth II, who holds the title of Lord of Mann. The Lord of Mann is represented by a Lieutenant Governor but its foreign relations and defence are the responsibility of the British Government whilst the island’s own parliament and government have competence over all domestic matters.
The Isle of Man holds neither membership nor associate membership of the European Union but for fiscal purposes is part of Europe for VAT and customs duty.
The Isle of Man is an established international finance centre, with a secure base built on political stability, low taxation and a firmly established fiscal and regulatory environment.
What are the principal markets for the Isle of Man Aircraft Registry?
The Registry principally serves the following markets:
- Owners and operators of business jet and turbine aircraft that are used for either private or corporate purposes based anywhere in the world
- Owners and operators of twin turbine helicopters that are used for either private or corporate purposes based anywhere in the world
- Aircraft lessors in possession of aircraft ‘in between leases’
- Isle of Man residents owning light aircraft
What aircraft can be registered in the Isle of Man?
The following aircraft can be accepted onto the Isle of Man aircraft register:
1. Aircraft that are private and/or corporately operated business jets over 5,700 kgs maximum take off weight or twin turbine helicopters.
2. Aircraft with a maximum take off weight of between 2,730 kgs and 5,700 kgs whose registration might represent a considerable economic benefit to the Isle of Man.
3. Aircraft that are commercial airliners of any size which are parked or between leases.
4. Aircraft that are light aircraft of any weight owned by Isle of Man residents.
The operation of any Isle of Man registered aircraft for commercial use is prohibited meaning that they are not allowed to conduct Public Transport and/or Commercial Air Transport and/or aerial work flights.
What is the eligibility criteria to gain access to the Isle of Man aircraft register?
The owner of an Isle of Man registered aircraft can be a person or company from any of the countries of the British Commonwealth, the European Economic Area or Switzerland.
What are the aircraft registration markings for an Isle of Man registered aircraft?
The Isle of Man’s aircraft registration prefix nationality mark is ‘M’ followed by a hyphen and four characters, i.e. M-YJET, M-INTS, M-ANDY.
What features might encourage an owner to register their aircraft in the Isle of Man?
A combination of some, if not all, of the following features of the Isle of Man aircraft register may be attractive to owners and operators:
- Government funded, operated, backed and staffed aircraft registry
- High regulatory standards
- Flexibility of aircraft airworthiness, operating and licensing system – i.e. US/FAA or EASA/JAA
- High service levels
- Wealth of experience – over 650 aircraft registered by January, 2014
- Large network of surveyors located world-wide
- Wide ownership eligibility
- Neutral Nationality registration prefix ‘M-’
- Registration marks can be recycled on different aircraft
- The M- followed by a four letter combination allows significant personalization of the registration markings
- Competitive scheme of charges
- No insurance premium tax (6% in UK)
- European time zone
- Isle of Man is a well respected financial services centre on the OECD ‘white list’
- Clear and simple taxation regime
- Stable legal and political environment
- Isle of Man is part of and inside the EU VAT and customs territory