On October 1st, 2010, the Aircraft Registration Malta Act was introduced and its primary purpose was regulating the registration of aircrafts and registering and enforcing aircraft mortgages in the country. The location of Malta has given it strategic importance and the island also provides other aviation services, including management and finance of aircraft, brokerage, insurance, classification, aircraft maintenance and surveying of aircraft.
There are a number of benefits that people can enjoy when they decide to register aircraft in Malta. What are they? Some of the prominent ones are:
- Malta has an attractive corporate tax system, which means your tax liability can be reduced significantly. The country boasts a robust legislative framework and also has an excellent network of double taxation treaties, which can save you a lot of tax.
- There is also transparency of interests and rights in aircraft.
- You don’t have to worry about paying any withholding tax on lease payments if the lessor is not a tax resident of Malta.
- When it comes to aircraft registration Malta, there are broad registration possibilities when the aircraft is not used in commercial air transport.
- According to the law, fractional ownership is also recognized in Malta, which means it is possible to divide the title between co-owners in specified percentages or fractions.
- Registering an aircraft in Malta also gives you the chance of recording numerous details that pertain to the aircraft and its ownership or any other details that may seem relevant to you.
- A great benefit of registering your aircraft in Malta is that the country has implemented high standards of security and safety.
- You will also find local availability of a variety of airline services, which include engine and aircraft maintenance, repair and overhaul, aircraft maintenance training, aircraft management, along with any other ancillary support services that may be required.