Aircraft Services

The Isle of Man has many years experience of financing, insuring and providing corporate structures for aircraft registered in other countries and on 1 May 2007 established its own aircraft register, operated by the Isle of Man Aircraft Registry
The establishment of the Isle of Man Aircraft Registry for private and corporate aircraft has enabled the Island to become a one-stop shop for worldwide aviation business.

For more information on the services Acclaim can provide in this area, see the Aircaft Registration page.

Yacht and Ship Services

The Isle of Man is a global hub and centre of excellence for ship and yacht management, complemented by its status as one of the world’s major international finance centres and through its operation of a modern international Ship Register since 1984 with a strong emphasis on quality and customer service. In addition to the Register, the Isle of Man also hosts companies with expertise in:
•Ship management
•Ship finance
•Marine Insurance
•Maritime law
The Isle of Man’s favourable tax regime and its ‘can-do’ attitude also help make it an ideal jurisdiction to conduct shipping business from.

For more information on the services Acclaim can provide in this area, see the Ship and Yacht Registration page.

Aircraft Registration

The Isle of Man has many years experience of financing, insuring and providing corporate structures for aircraft registered in other countries and on 1 May 2007 established its own aircraft register, operated by the Isle of Man Aircraft Registry
The establishment of the Isle of Man Aircraft Registry for private and corporate aircraft has enabled the Island to become a one-stop shop for worldwide aviation business.
In addition to registration, the Island’s financial institutions are conducting mortgages, lawyers are registering mortgages for foreign banks and corporate service providers are forming new Isle of Man structures to own and manage locally registered aircraft most of which are benefiting from the Island’s clear and simple tax regime.
The Isle of Man has an international reputation as a tax-efficient, but responsible and co-operative jurisdiction and appears on the OECD ‘white list’ of countries complying with the global standard for tax co-operation and exchange of information.
The M Prefix
The Isle of Man’s aircraft registration prefix nationality mark is ‘M’ followed by a hyphen and four characters. The combination of M and four characters has already produced some interesting registrations such as M-AGIC, M-YJET, M-IDAS and M-ONEY! Another innovation by the Registry is to allow owners to transfer their personal registration to their next aircraft.

Why Isle of Man for Aircraft Registration?
The benefits of registering an aircraft in the Isle of Man are:
•High service levels and a quality international reputation
•High regulatory standards
•Neutral Nationality registration prefix
•Secure mortgage register
•No insurance premium tax (6% in UK)
•European time zone
•Professional infrastructure with experience in aviation finance
•Clear and simple taxation regime
•Stable legal and political environment
No registration for fixed-wing aircraft below 5,700 kgs is available, other than for residents or businesses operating from the Isle of Man.

Yacht and Ship Registration

In partnership with Acclaim, yacht and ship owners, managers and charterers can take advantage of the Isle of Man’s legislation and its favourable tax regime.

The Isle of Man has one of the world’s leading ship registries, which prides itself in being a centre for excellence in all aspects of ship and yacht registration. The registry provides a high quality, client focussed service while offering significant cost savings over its competitors. For this reason, we primarily register yachts and ships in the Isle of Man, though we can also offer registration in other reputable jurisdictions on request.

Some of the key benefits for registering in the Isle of Man include:
Favourable tax treatment and beneficial VAT arrangements 
No annual tonnage tax
A quick and efficient registration process
The availability of Demise registry both “IN” and “OUT”
The right to fly the “Red Ensign” and access the support of British consular services world-wide and British Royal Navy protection
Security of mortgages on the Island
Flexibility in registered ownership requirements
A one-off low initial registration fee