Are you someone who has the budget to own an aircraft? If yes, you should not just limit the use of your aircraft for personal tours. Why not use it for commercial flights in a country? And if you are thinking about the list of countries where you can register your aircraft, how about you take a look at Malta? Yes, aircraft registration in Malta has gained popularity in recent years. The government had already taken measures in 2010 to make the registration process of aircrafts in the country easy. If you own one and start running it in the country, you will find yourself exempt from a variety of taxes as well.
First, the tax for trading companies in the country is no more than five percent. If you receive dividends from the company, you will find yourself exempt from many taxes again. Not to mention, you can even go the leasing route if you want because if you live in a different country, you can keep away from the withholding tax as well. Many people are worried about VAT before they move to this country and start a business. If you are worried about the same, you might consider the VAT program, especially created for aircraft registration. This program will save you a lot of money.
If you are bringing an aircraft in the country, you will not have to worry about the many different types of taxes that you have to pay in other countries. In simple words, there is no duty for you to pay when you bring your plane to this country for starting your own services as a business. Now, if you think that the process is a bit difficult, you can get in touch with a professional firm that can help you with aircraft registration while saving your time and other precious resources.
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