The Aircraft Registration Act joins other legislative packages in ensuring that Malta continues developing as a premier jurisdiction for international commercial, estate planning and financial activity. Malta’s established reputation as a solid jurisdiction for ship finance, can now be extended to asset finance in general, as well as aircraft finance in particular. Being a modern and sophisticated law which besides regulating aspects of aircraft registration, ownership, nationality, aircraft mortgages, special privileges and related matters, it introduces innovative concepts with the sole purpose of establishing a more competitive aircraft register.
Through this new modern approach Malta, also basing itself upon the extensive experience acquired in the financial services sector, an area which has seen Malta acquire international recognition for its success, is now extending to the aviation sector. Malta does not only seek to offer attractive fiscal benefits (consisting mainly in a Tax Refunds and Participation Exemption regime) as but offers the benefit of a good network of Double Taxation Agreements coupled with solid service levels. Furthermore, Maltese tax legislation contains special rules aimed at facilitating cross-border aircraft operations including financing.
Malta also offers the added advantage that it forms part of the Euro Zone which eliminates exchange control issues between participant jurisdictions.