Aircraft registry to be established in Guernsey
Guernsey’s fiduciary sector will soon be able to reap the benefits of a new aircraft registry that island authorities have agreed to establish.
Currently aircraft belonging to both local Guernsey residents and those held through fiduciary structures on behalf of clients are generally registered in the Isle of Man, which has had an established registry for a number of years - now with approximately 400 aircraft on it.
The new registry will need the approval of the UK authorities, as it will be a sub-registry of the UK Civil Aviation Authority – in the same way as the Isle of Man.
This decision by the Guernsey government is a further illustration of the island’s on-going commitment to creating a modern and flexible legal framework to enable businesses to offer innovative financial planning solutions to their international client base. With an estimated £18 million income for the island within three years of its establishment, local authorities see this latest move as a useful addition to the fiduciary sector’s financial planning toolbox and a new platform from which to market its services.
“Ardel Trust, unlike many of its competitors, holds the full spectrum of assets within its fiduciary structures.”
Ardel Trust, unlike many of its competitors, holds the full spectrum of assets within its fiduciary structures, from commercial and residential real estate to works of art, aircraft and even race horses and welcomes this latest innovation from local government.