Guernsey’s 2-REG Aircraft Registry – The Tax Angle

Guernsey's introduction of its Aircraft Registry, the 2-REG, in December 2013 provided another excellent opportunity to shine the spotlight on Guernsey and to showcase what it has to offer international clients looking for bespoke solutions and excellent standards of service.

As has been pointed out in many articles since the launch, Guernsey continues to be attractive because it offers innovative and fully serviced wealth management and financial services solutions to individuals and corporates from all over the world from the full range of financial, legal, accountancy and fiduciary providers.

However, so far, not much has been said about tax. Is there a tax angle?

Of course! Clients who wish to establish a vehicle to hold their aircraft, regardless of where that aircraft is registered, may choose a Guernsey incorporated company and therefore take advantage of the benign tax regime which applies. Guernsey's corporate tax regime, known as Zero 10, has a general