In addition, the CAACI has partnered with leading legal and financial firms that conduct business in the Cayman Islands to be able to offer its clientele a nestop shop approach. Clients find that they are able to facilitate the registration of their aircraft or other assets, financial structures, legal arrangements, mortgage registration and securitization of assets by taking advantage of the relationships that exist between the CAACI and their legal business partners.
Standards are rigid and specifications must meet the exact requirements in order to be qualified for the registry; just one of the benefits that keeps the register highly respected and recognized throughout the business aviation industry internationally.Acceptance of owners to the registry is predicated upon global and local Anti-Money Laundering Regulations and standards ensuring that only eligible person(s) and companies are accepted via a stringent due diligence screening process resulting in the retention of a reputable client base. There is also excellent protection for a financier's interest through a dual registration system such as the Mortgages Register and the ability to register on the International Register, with local Cape Town Legislation enacted in the Cayman Islands .
Corporate ownership: A majority of the CAACI registry client base are owners of corporationswho prefer the ease of travel between international destinations, with relative anonymity, which is afforded to Cayman Islands registered aircraft. The clientele also enjoy personalized service from each division of the CAACI and is assured of fast and efficient service for provision of required documents or responses to queries regarding the aircraft operation.
Reduced tax liability: The Cayman Islands are renowned as a leading offshore jurisdiction, achieved through its tax neutral environment within which a highly developed legal system based on English legal principles flourishes. Applicants to the registry are encouraged to work with one of the local legal and financial partner firms who are versed in aircraft registration and who can provide legal advice pertinent to clients individual circumstance.
Access 24-7-365: - CAACI has launched a new electronic data management system P-C Online to manage all registry applications, certificates and authorizations electronically. The new system will make it easier for clients to apply for the various approvals that are required for both initial aircraft registration and for continuing airworthiness including the renewal of documents. It is designed to streamline processes within the CAACI and allow more efficient service provisioning to clients. Authorized users will be able to utilize online smart forms for submission of applications including electronic submission of all supporting documentation required by the specific application. The custom designed, intuitive user screens will also provide clients online access to their certificates at their convenience.
