THE BERMUDA AIRCRAFT REGISTRY
BERMUDA IS A UNITED KINGDOM OVERSEAS TERRITORY CONVENIENTLY LOCATED IN THE ATLANTIC OCEAN BETWEEN THE UK AND THE US AND IS HOME TO THE OLDEST AND LARGEST OFFSHORE AIRCRAFT REGISTRY. ESTABLISHED IN 1931, THE REGISTRY CONSISTS OF OVER 850 COMMERCIAL AND PRIVATE AIRCRAFT. DUE TO A GROWING DEMAND IN AVIATION SERVICES IN THE ASIA-PACIFIC REGION, THE BERMUDA AIRCRAFT REGISTRY HAS RECENTLY BECOME MORE ACCESSIBLE TO THE MARKET BY HIRING A FULL-TIME MEMBER OF STAFF BASED IN SHANGHAI. THE NEW STAFF MEMBER HAS EXPERIENCE OF THE REGIONAL MARKET, IS A NATIVE SPEAKER AND SUPPLIES A TIMELY RESPONSE WITHIN EASTERN CHINA.
ABOUT THE BERMUDA AIRCRAFT REGISTRY
The Bermuda Aircraft Registry is the largest offshore aircraft registry and 10th in size compared to the 192 signatory States to the Convention on Civil Aviation. Although it is regulated by the UK Department for Transport, the safety oversight system is separate from that of the UK and is based on the requirements of the International Civil Aviation Organization (ICAO). The registry, which offers both private and commercial aircraft operations, is now more competitive and valuable than ever before.
Based in Bermuda, the Registry is a global organization with an office in Farnborough, UK, satellite offices in Moscow and Shanghai run by Bureau Veritas, a network of over 25 Designated Airworthiness Inspectors and 550 Approved Maintenance Organizations worldwide. Our additional offices provide longer working hours to customers and serve as a base for inspectors and inspections.
The Bermuda Aircraft Registry has a first-class reputation for safety and regulation.
BENEFITS OF THE BERMUDA AIRCRAFT REGISTRY
There are a number of benefits to registering with Bermuda including:
Bermuda is a low-tax jurisdiction with zero income, corporate, withholding or capital gains taxes. The unique tax system was designed to support Bermuda’s infrastructure and its consumption-based system, which levies payroll tax, import duties, social insurance, and custom duties on goods and services, as a major component of Bermuda’s tax revenues. By registering an aircraft in Bermuda, owners and operators may be in a position to take advantage of favorable tax treatment in their principal place of business.
BCAA accepts Type Certificates from the ANAC (Brazil), EASA, FAA and Transport Canada. Aircraft from another registry can be registered in Bermuda with minimal inconvenience and expense, and if subsequently sold, it can easily be exported to another jurisdiction.
BRITISH LEGAL SYSTEM
Bermuda uses English common law, with recourse to the UK Judicial Committee of the Privy Council. The island’s courts are over 400 years old, dating back to 1616. BCAA maintains close working relationships with local law firms who can also assist with applications for registration.
Other benefits include:
· Asset protection through both Cape Town Convention and Mortgage Registries
· ICAO based safety oversight system
· Category 1 Aviation Regulatory Authority by the US Federal Aviation Administration
· International reputation for offering high regulatory standards and excellent service levels
‘Putting you at the center of everything we do’ is more than just a campaign slogan, it defines BCAA’s business philosophy. They listen, understand and respond to their customers’ needs in a timely manner.
The organization is investing in systems improvements throughout 2019 with a focus on providing the best possible experience for customers.
To assist with the process of registering an aircraft, BCAA provides a detailed checklist that can be used as a guide to registering an aircraft, the initial issue of a Certificate of Airworthiness and the requirements for Bermuda operational approval – available at www.bcaa.bm
For more information about the registry visit www.bermudaaircraftregistry.bm