Registration
of Aircraft in Bermuda
It is permissible for a Bermuda Company to be formed
solely for the purpose of owning and operating an aircraft
on the Bermuda Register and any income or profits from such
operations would be free of taxation and exchange controls
under Bermuda law. If a Bermuda Company is formed for this
purpose the ultimate ownership and control of the aircraft
to be registered must be disclosed to the Director of Civil
Aviation. Such disclosure is treated in the strictest confidence
and does not form part of the public record regarding the
registration.
Bermuda Aircraft Registry
The Governor of Bermuda is required by the provision
of the Air Navigation (Overseas) Territories Order, 1977 to
maintain a Register of Aircraft and to accept applications
to register aircraft from qualified persons.
A person holding a legal or beneficial interest by way of
ownership in an aircraft or a share in it may still obtain
registration if he resides or has a place of business in Bermuda,
and the Governor is satisfied that the aircraft may properly
be registered.
The Director of Aviation examines each application carefully
to determine its acceptability and appropriateness with regard
to statute and Bermuda Government policy. Therefore, prior
to proceeding with the incorporation of the company, prospective
applicants should make a preliminary application setting out
brief details of ownership, the aircraft itself, the maintenance
and crewing arrangements, the main geographical areas of intended
use and any other facts helpful in enabling a decision to
be made.
For further information on Registration of an Aircraft in
Bermuda, please contact Lynda Milligan-Whyte at LMW@richmond.bm.
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