The law of Mauritius offers an attractive platform for the registration of Aircrafts. The Civil Aviation Act 1974 and the Civil Aviation Regulations 2007 govern the registration, leasing and mortgages of aircraft. Mauritius is a signatory to several Conventions such as the Chicago International Civil Aviation Organisation (ICAO) Convention and Geneva Convention on International Recognition of Rights in relation to Aircrafts. The laws of Mauritius properly cater for the registration and leasing of aircrafts.
Benefits of registering an aircraft in Mauritius
- Tax efficient structures and favorable tax environment
- Flexible but very well reasoned aeronautical regulations ensuring international standards and preserving aircraft resale value and ease of exportation
- 100% accelerated depreciation rate in the first year
- Availability of corporate management arrangements and other support elements including banks, lawyers and accountants
- Excellent asset security with flexible and innovative financing and leasing structures provided under the Foreign Aviation Equipment Registration Legislation.
- Signatory to several Conventions such as the Chicago ICAO Convention, Geneva Convention on International Recognition of Rights in Aircraft and the New York Convention on Recognition and Enforcement of Foreign Arbitration giving protection to those seeking to register and lease aircrafts in Mauritius.
As aircraft implicates big capital investments, leasing is another more economical solution. The parties to the lease agreement are free to decide the terms of the agreement and the lease agreement between the lessor and the lessee crystalizes the terms agreed. The lessee has advantage of using the aircraft and the lessor accrues benefits from the rental fees. There are two ways of leasing aircraft namely through financial lease and operational lease.
Contact us to learn more about Aircraft Registration as well as the fees required.