Licensing: Price:
Certificate of Registration No Fee
Certificate of Airworthiness (Annual Fee) 20,000.00 USD
Flight Crew Licence - Certificate of Validation 450.00 USD per validation (valid Annually) x 2= 900.00
Carrying out any work, investigations and inspections reasonably necessary any matter marked with :

-Airworthiness Inspection;

- Inspector Air Travel (travel expenses are calculated based on the proposed aircraft inspection's location).......

Approximately 5,600.00USD
TOTAL 26,500.00 USD

1.Isle of Man Company Formation

Company formation Certificate of Incorporation, Memorandum and Articles of Association, appointment of first directors, share certificates, registered offices, registered agent, professional directors, professional secretary, professional shareholder, government fees.
Share capital; Standard authorized share capital is GBP 2000. Minimum paid up share capital is GBP 1.
VAT registration On request. Isle of Man company can register for VAT for EU trade and sales.
Bank account On request. Isle of Man with Internet Banking (offshore bank accounts available).
Accounting and book-keeping Requirements to File Accounts - No, but must be available for inspection. Requirement to File Annual Return - Yes. Audit Requirements - Yes, but small company exceptions.
TOTAL 7250.00 GBP

1a. Qualified ownership of aircraft registered in the Isle of Man

Countries and Territories Anguilla, Grenada, Sierra Leone, Antigua and Barbuda, Guyana, Singapore, Australia, India, Solomon Islands, The Bahamas, Isle of Man, South Africa, Bangladesh, Jamaica, Sovereign Base areas on Cyprus, Barbados, Kenya, South Georgia and South Sandwich Islands, Belize, Kiribati, Sri Lanka, Bermuda, Lesotho, St Helena and its dependencies, Botswana Malawi (Ascension Island and Tristan da Cunha), British Indian Ocean Territory, Malaysia, St Kitts and Nevis, British Antarctic Territory, Maldives, St Lucia, British Virgin Islands, Malta, St Vincent and the Grenadines, Brunei Darussalam, Mauritius, Swaziland, Cameroon, Montserrat, Tonga, Canada, Mozambique, Trinidad and Tobago, Cayman Islands, Namibia, Turks and Caicos Islands, Channel Islands, Nauru, Tuvalu, Cyprus, New Zealand, Uganda, Dominica, Nigeria, United Kingdom, Falkland Islands, Pakistan, United Republic of Tanzania, Fiji Islands, Pitcairn Islands, Vanuatu, The Gambia, Papua New Guinea, Zambia, Gibraltar, Samoa, Ghana, Seychelles, Austria, Greece, Netherlands, Belgium, Hungary, Norway, Bulgaria, Iceland, Poland, Czech Republic, Ireland, Portugal, Cyprus, Italy, Romania, Denmark, Latvia, Slovakia, Estonia, Liechtenstein, Slovenia, Finland, Lithuania, Spain, France, Luxembourg, Sweden, Germany, Malta, United Kingdom.

2. Isle Of Man Aircraft Registration

Age restriction There is no specific age limit for registering aircraft in the Isle of Man, but if it is an older aircraft, it is advisable to check that it will be accepted. If an aircraft type is still supported by the Type Certificate Holder it is normally acceptable.
Weight restriction None
Private use Yes
Commercial use Not
Certificated by EASA All aircraft for registration in the Isle of Man must have been type certificated by EASA.
Application

Form 1 - Application for out-of-sequence Aircraft Registration Mark (if required).
Form 2 - Application for Registration of Aircraft.
Form 3 - Application for a Certificate of Airworthiness (C of A).
Form 4 - Application for Airspace Approvals and declaration of capability (if Airspace Approvals are required).
Form 5 - Application for Aircraft Radio Licence, including the required remittance as indicated in part 7 of the form. Please send Form 5 to the Aircraft Registry for checking initially, it will then be sent to Ofcom by the Registry. Please note Ofcom’s declared service standard for the issue of an initial Aircraft Radio Licence is 5 working days from receipt of the correctly completed application.
Form 6 - Application for Flight Crew Licence Validation for each member of the flight crew.
Form 31 - Aircraft Maintenance Information.
Form 37 – ELT Registration. RP 11. Maintenance Programme Declaration.

Export C of A OR valid C of A and current ARC The aircraft owner should provide the IoMAR with an Export C of A or equivalent documents from its existing registry. The aircraft cannot be registered in the Isle of Man until an Export C of A or equivalent documents has been submitted.
Aircraft Insurance Before completion of the registration process we will require a copy of the Aircraft Insurance Certificate with the new registration marks and including a statement of compliance with EC Regulation 785/2004.
ISLE OF MAN AIRCRAFT REGISTRY Aircraft survey is conducted.
ISLE OF MAN AIRCRAFT REGISTRY Certificate of Registration issued, Certificate of Airworthiness issued, Noise Certificate issued, Designated Airspace Approval Certificate issued (if applicable), Flight Crew Licence Validations issued, Radio Licence Issued, AME Validations Issued (if applicable).

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Benefits of registering an aircraft in the Isle of Man include:

  • High regulatory standards in the Isle of Man;
  • High service levels and quality international reputation;
  • Only dedicated European based private and corporate aircraft register;
  • Neutral Nationality registration prefix ‘M’;
  • Competitive Scheme of Charges;
  • Secure mortgage register ;
  • A favourable tax regime - 0% corporation tax; No insurance premium tax (6% in UK);
  • Beneficial VAT arrangements;
  • The Isle of Man registry allows an aircraft owner to transfer registration from an aircraft to a new aircraft so a unique registration is maintained;
  • Location of aircraft is irrelevant to registration and can fly worldwide without restriction;
  • European time zone;
  • Professional infrastructure with experience in aviation finance; Internationally recognised Flight Crew Licences may be validated to fly Isle of Man registered aircraft resulting in significant cost reductions;
  • A Standard & Poor’s and Moody’s AAA rated jurisdiction;
  • The Isle of Man is on the OECD ‘white list’ of countries complying with the global standard for tax co-operation and exchange of information;
  • Clear and simple taxation regime;
  • Stable legal and political environment.

This publication is intended merely to highlight issues for general information purposes only. It is not comprehensive nor does it provide legal advice. Should you have any questions on issues reported here please contact :This email address is being protected from spambots. You need JavaScript enabled to view it.

We know what it means to own your personal aircraft. If You decide to buy an aircraft for private flights or corporative / business use and also for your trips, ICC JET Company is eager to help you find the right financing / loaning facility for a new or used business aviation aircraft.

ICC JET has established partnerships with leading banking institutions in Switzerland, Great Britain etc. and offers optimum loaning / financing patterns for business aviation.

We save time and money for our clients as we have many options for such loaning / financing. We offer each client a number of choices as for loaning/financing.

Loaning an aircraft is a serious step, and we know where to start to obtain a loan / bank financing.

Key criteria and prerequisites to request for an aircraft finance / loan:

While applying to the bank, you must provide the following information:

Aircraft details to be included in the loan application:

  • aircraft type;
  • aircraft model;
    aircraft serial number;
  • purchase price;
  • age of aircraft (age conditions vary with every bank, i.e. the aircraft may not be older than 15 years, or 5 years, as appropriate);
  • If it is a construction or not;
  • when do you need the loan;
  • jurisdiction of aircraft registration;
  • full details of the aircraft Operator;
  • current or future base aircraft and owner;
  • The aircraft is for personal use only. Some banks may consider commercial use as well, as appropriate.
  • The borrower must have 50% of the aircraft price at the time of loan granting. In some cases, you will need 70% of the price.

Details of the ultimate aircraft owner (beneficial owner):

  • utility bills (gas, or power) to verify the address of the potential lender;
  • marital status (separate or common property plus number of people in charge (children) of the (beneficial) owner);
  • Personal financial statement, including income sources;
  • CV of the (beneficial) owner;
  • Proof of liquid asset (bank statement - portfolio report) of the (beneficial) owner;
  • other assets: pieces of art, real estate of the (beneficial) owner;
  • current loans (amount, maturity) of the (beneficial) owner;
  • organization chart (holding structure) of the (beneficial) owner;
  • Presentation of Ultimate beneficial owner businesses describing different branches of his/her activities together with an organization chart of his/her companies, and evidence of ownership structure (holding company, trust). The last two financial statements of the head companies and their consolidated statements.

Key financing milestones

Contract of intent

 

Loan Committee approval

 

Legal process

   

issuance of a loan

Defining general purchase terms and conditions, and financing structure   Collecting data. Compiling an application to the loan committee. Presenting the application at the loan committee.   Choosing and appointing legal advisors for the client and lender. Negotiating terms and conditions of loan documents, including security package and booking.   Executing an agreement and obtaining your loan.

Now is a good time for you to buy any aircraft and get funded. You may buy a variety of aircrafts without spending too much money, and repay your loan at low rates.

Why it makes sense?

  • Loaning / financing lets you keep your cash flow uninterrupted, while you make affordable payments from the additional revenue generated by the use of the aircraft.
  • Fixed monthly instalments let you control your expenses. You may repay in advance or just stick to the deadlines.
  • You get ownership of the aircraft after the loan is redeemed.
  • This product is also subject to tax benefits, i.e. costs are deducted from the company's income.
  • We all know how tough and beyond one's capacity a loaning procedure can be. Yet, you find your way from presenting your application at the bank up to actually drawing the money, and you will be awarded with a loan at FIRST LINE EUROPEAN BANKS at low rates.

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