Asset protection for non-U.s. Citizens
WHY PUT YOUR PERSONAL ASSETS AT RISK?
Protect Assets and Save Money on Taxes at the Same Time.
Legally separate your airplane from your other assets by purchasing your airplane in a Delaware Corporation. Purchasing an aircraft is a huge investment and requires a lot of research and thought. There are several possible options available, other than deciding on the type of aircraft or cost. The legal ramifications including asset protection must be considered. Before making the purchase and to protect yourself, your personal and other business assets, and your family it might be a better solution to consider owning the aircraft in a corporation.
** Non-U.S. Citizens can only form a Delaware Corporation to purchase their airplane and register it with the FAA.
** The FAA will not approve an application for a foreigner in the name of an LLC.
Special Internet Offer $430 for Non-U.S. Citizens
Purchase Your Aircraft with a Delaware Corporation
First Class Mail Forwarding in the U.S.
24 hour Overtime Processing
Processing of SS4 for EIN
Registered Agent Fee
All State Filing Fees
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Aircraft Registration - Eligible
An aircraft is eligible for U.S. Registration if it is owned by:
U.S. Citizens Corporation or LLC
A U.S. Citizen Corporations or LLC by definition of FAR Section 47.2 can be an individual, or partnership where each individual is a U.S. citizen, or a corporation organized under the laws of the United States, State, Territory or possession of the United States of which the president and two-thirds of the board of directors are U.S. citizens and 75 percent of the voting interest is owned or controlled by U.S. citizens. A US citizen can register their aircraft owned by a Corporation or an LLC. There are no usage requirements for US citizens.
Resident Alien: (foreign individual lawfully admitted for permanent U.S. residence. U.S. Governmental Unit or Subdivision.
Non-U.S. Citizen Corporations
A Non-US Citizen Corporation organized and doing business under the laws of the state of Delaware (or any other state) can own register an aircraft as long as they comply with the following rules as cited in 47.9 Corporations not U.S. citizens and are lawfully organized and doing business under the laws of the U.S. and as long as the aircraft is based and primarily used in the U.S. (60% of all flight hours must be from flights starting and ending within the U.S.) An address for all records or flight hours must me available for inspection.
The aircraft may not be registered in a foreign country during the period it is registered in the United States. You must provide the FAA with legal evidence of ownership e.g. Certificate of Incorporation. Non-US Citizens must file as a Delaware Corporation, the FAA will not approve a Non-Citizen LLC.
US Citizen Corporations or LLC. A US citizen can register their aircraft owned by a Corporation or an LLC. There are no usage requirements for U.S. citizens.
Owning an aircraft in this manner can offer you asset protection, privacy and tax savings.
Non-Citizen Corporations - "cannot" register an aircraft with the FAA as an LLC. However, a non-citizen "C" Corporation can register with the FAA as long as they meet the 60% requirement to fly in the US as as set forth by the FAA.
Non-Citizen Corporations organized and doing business under the laws of the state of Delaware (or any other state) can own register an aircraft as a "C"Corporation as long as they comply with the following rules as cited in § 47.9 Corporations not U.S. citizens.
You must apply for a Certificate of Aircraft Registration from the Civil Aviation Registry before it may be operated. Do not depend on a bank, loan company, aircraft dealer, or anyone else to submit the application for registration. Do it yourself (in the name of the owner, not in the name of the bank or other mortgage holder).
If you would like us to prepare the documents for your FAA registration Form 8050-1 our fee is $215.00. It usually takes up to three weeks or sometimes longer for the application to be processed.Without the original FAA registration card, the aircraft cannot be flown out of the US. We can offer expedited services in most cases with a Title company for an additional fee of $250.
Requirements to File in DelawareIf you do not live in the State of Delaware, a Delaware Registered Agent is required to file a Corporation or LLC on your behalf. Every Delaware legal entity is required to provide its registered agent with the name of a natural person who acts as the communications contact for the entity. Federal and state laws provide legal mechanisms, recourse and due process to enable officers, directors, shareholders and law enforcement to inspect the books and records of an entity. Delaware Registered Agents are required to retain the above communications contact information.
Benefits of Incorporating in DelawareNo Sales tax
No Personal property tax
No Intangible property tax
No Stock transfer tax
Why Incorporate in Delaware?
- To protect your personal assets one should own an aircraft or yacht as a Corporation.
- More than 850,000 business entities have their legal home in Delaware including more than 50% of all U.S. publicly-traded companies and 63% of the Fortune 500.
- No minimum capital is required to form a Delaware Corporation or Delaware LLC.
- Corporate records can be kept anywhere in the world.
- It is only necessary for one person to act an officer, director and/or share-holder of a corporation or member of a Delaware Limited Liability Company.
- No formal meetings are required and shareholders need not be U.S. citizens.
- Ownership of Delaware corporations or limited liability company is strictly confidential and affords privacy.
- Any legal business may be conducted in Delaware.
- There is no state income tax for Delaware corporations that operate out-of-state (Note: however, a Federal Income Tax with the IRS must be filed annually)
- The Delaware Court of Chancery is the oldest business court in the country and uses judges instead of juries.
- The state of Delaware is recognized as having a favorable tax climate with
NOTE: Even though there is NO state income tax for Delaware corporations that operate out-of-state, a Federal Income Tax with the IRS must be filed annually
Why Choose Aero Incorporate?
A Global Corporate Services, Inc Company
Who We Are
We are a
USA based company with over 40 years experience forming Delaware Corporations and Delaware LLC.'s servicing US and Non US Citizens.
What We Do
provide asset protection services for both US and Non US Citizens. aircraft owners through a Delaware Company and FAA Registration.