Offshore Doesn’t Mean Off the Books | Aviation International News

Regulations and Government

Offshore Doesn’t Mean Off the Books

The word “offshore” can conjure images of money laundering, tax dodgers and oil spills, but in today’s business aviation world, as privacy and security bec

By AIN Staff • AIN Staff

July 31, 2011

The word “offshore” can conjure images of money laundering, tax dodgers and oil spills, but in today’s business aviation world, as privacy and security become ever more precious commodities, offshore registry is becoming an acceptable alternative.

Most business jet owners continue to register their aircraft in the country in which they are citizens or, in the case of a corporate jet, in the country in which the corporation or its subsidiary is registered. But the question of whether to register an aircraft in the U.S. has taken on more importance this year since the FAA announced its decision to restrict the Block Aircraft Registration Request (Barr) program beginning August 1.

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