Purchasing an Aircraft? Require FAA Registration?
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- NOTE: US citizens or resident aliens only
Registration is available for non US citizens with the FAA through the
formation of a Delaware Corporation and Delaware Trust Learn
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Aircraft
Registration - Eligible Registrants
An aircraft is eligible for U.S. Registration if it is owned by:
- A U.S. citizen. A U.S.
citizen by definition of FAR Section 47.2 can be an individual, or
partnership where each individual is a U.S. citizen, or a corporation
organized under the laws of the United States, State, Territory or
possession of the United States of which the president and two-thirds of the
board of directors are U.S. citizens and 75 percent of the voting interest
is owned or controlled by U.S. citizens;
- A Resident Alien (foreign individual lawfully admitted for permanent U.S. residence
- A U.S. governmental unit or subdivision
- A non-citizen corporation organized and doing business under
the laws of the state of Delaware (or any other state) can own register an
aircraft as long as they comply with the following rules as cited in Section 47.9 Corporations not U.S.
citizens and are lawfully organized and doing business under the laws of the U.S.
and as long as the aircraft is based and primarily used in the U.S. (60% of all flight hours must be from flights starting and ending within the U.S.)
An address for all records or flight hours must me available for inspection.
- A non-citizen CANNOT own and register
with the FAA as an LLC!!!!! The application will be rejected
- The aircraft may not be
registered in a foreign country during the period it is registered in the
United States. You must provide the FAA with legal evidence of ownership
e.g. Certificate of Incorporation.
How do I protect my assets when
incorporating in Delaware?
To protect your assets you might want to own your aircraft as a Delaware corporation.
A Delaware corporation gives you:
- Asset Protection
- Privacy
- Tax Savings
Registration is available with the FAA for non US citizens not
following the guidelines of using their airplane in the US 60% of
the time through the formation of a Delaware Corporation and Delaware Trust.
Delaware is the incorporation capital of the world, and offers a favorable tax structure and climate
having:
- No Sales tax
- No Personal property tax
- No Intangible property tax
- No Stock transfer tax
Only US Citizens (not non US Citizens) can own and register an aircraft
through an LLC, a Limited Liability Company. However, there are
advantages to individuals owners to own their aircraft as a
Corporation in lieu of an LLC. Owning an aircraft as a company can offer you asset protection, privacy and tax
savings. Once you have made the decision to use our services to incorporate click
on our
secure credit card application.
Non-citizen corporations are permitted to register their airplanes as long as they meet with the regulations as set forth by the
FAA but again cannot own and register their aircraft with the FAA as an LLC
Even though, when purchasing the aircraft, there is always a possibility that a use tax may be assessed in the state you are actually keeping or using the aircraft, the true advantage of owning
the aircraft as a corporation (besides protection of assets) truly comes into being when you opt to sell the aircraft.
DISCLAIMER: It is important to note that sales tax shelters are situational. Many states have a "use tax" and the
like. One should consult with a legal or tax advisor to determine if a tax on a aircraft will be due in the State in question.
Lease Options. Call us for a free consultation on arranging a Lease Agreement.
You must apply for a Certificate of Aircraft Registration from the
Civil Aviation Registry before it may be operated. Do not depend on a bank,
loan company, aircraft dealer, or anyone else to submit the application for
registration. Do it yourself (in the name of the owner, not in the name of
the bank or other mortgage holder).
If you would like us to prepare the
documents for your FAA registration Form 8050-1 our fee is $215.00. Click
here and select Other Services Not listed.
Call us toll free for a quote or a free consultation 877.335.2677 or 561.968.6611