AVIATION, AOC & AIRCRAFT REGISTRATION
The Maltese regulatory framework is designed to help make the Island a hub of international aviation activity. It is a sophisticated, reliable and renowned jurisdiction for aircraft registration; providing a credible registration mark to the aircraft and its owner whilst being very cost-effective.
Malta is a Member State of the European Aviation Safety Agency (EASA) and a member of the International Civil Aviation Organisation (ICAO).
What are the benefits of registering in Malta?
- Unrestricted, broad framework: Registered aircraft can be used both commercially or privately;
- Ability to register an aircraft still under construction;
- Straightforward, streamlined registration process;
- Although eligibility restrictions may apply with nationality/residency of the registrant, as long as the registrant appoints a local resident to represent the registrant for any matters concerning the aircraft, registration can go ahead unrestricted by the registrants’ citizenship/residency;
- Internationally recognised and respected registration marks.
The registration process is straightforward and streamlined – as should the processes employed with a view to the issuance of additionally required licenses and authorisations including certificates of airworthiness and air operating licenses.processes employed with a view to the issuance of additionally required licenses and authorisations including certificates of airworthiness and air operating licenses.
Tax Considerations
Income derived by any person who owns, leases or operates any aircraft or aircraft engine/s and which is/are used or employed in the international transport of passengers or goods, is deemed to arise outside Malta for Malta tax purposes – irrespective of the country of registration of the said aircraft or aircraft engine/s and regardless as to whether the aircraft may have called at, or operated from, any airport in Malta.
In turn, a company resident but not domiciled in Malta for domestic tax purposes (that is, incorporated outside Malta but controlled and managed from Malta) is subject to tax in Malta only on:
- chargeable income and capital gains arising in Malta;
- chargeable income (not capital gains) arising outside Malta to the extent that such income is received in Malta.
VAT
The supply, chartering, maintenance, servicing and provisioning of aircraft destined to be used by an airline operator would represent exempt with credit supplies for Malta VAT purposes.
We are here to assist you.
For more information, please contact us on info@atomfs.com.mt or +356 2247 9000.