Leaders in Corporate and Trust Services

Aviation

The Isle of Man’s Aircraft Registry was launched in 2007 and since then the Island has become a preferred jurisdiction to register private/corporate aircraft, together with twin-turbine helicopters. Due to the dedicated services provided by the Isle of Man Aircraft Registry, the register has grown to become the largest corporate aircraft register within Europe with over 900 aircraft being registered since it's launch.

DCTS are able to provide a wide range of services to clients which are looking to establish an ownership structure in order to hold their aircraft. DCTS has a wide network of professional advisors across a range of jurisdictions in order to ensure that we are able to offer clients the most suitable solution to meet both their ownership and registration requirements. Within DCTS we have a dedicated accounting team to manage all VAT, local tax reporting, invoicing and bookkeeping as part of the ongoing administration.

Where clients are looking to utilise their aircraft for predominately business purposes, DCTS can assist with setting up the necessary structure to allow the aircraft to be fully imported into the EU to allow full and free circulation. Working directly with the necessary advisors, we can ensure that the establishment of the structure, VAT registration and importation is completed as a seamless process. 

The services that we are able to offer include:

  • Incorporation of an ownership entity across a number of jurisdictions

  • Establishment of the necessary Isle of Man structure

  • All ongoing administration

  • Provision of Professional Directors

  • Assistance with obtaining any legal services in respect of the purchase of the aircraft

  • Assistance with the registration of the Aircraft on the Isle of Man Aircraft Register

  • Cash flow analysis and preparation of budgets

  • VAT registration and ongoing reporting

  • Liaison with external advisors as required

  • Coordination of the delivery/importation of the aircraft via the Isle of Man

  • Use of a VAT deferment account, on importation of the aircraft (if required)

  • Maintenance of financial/management accounts and accounting records

  • Preparation and submission of income tax returns

  • Payroll services to crew companies

For further information on any of the above services, please contact

Allister Crossley,  Senior Manager – Aviation

 E-mail: acrossley@dcts-iom.com   

 Tel direct: +44 1624 649 743

 Mobile:      +44 7624 459 005

 

DCTS is a member of EBAA