Welcome to ILS World

Reach for the sky

The ILS Private Client Series is a collection of commentaries originally generated in response to specific enquiries by individual clients. We have amended this aircraft briefing to enable us to share it with a wider audience who has similar interests.

27th March, 2020
For clients who need to travel frequently and to many different destinations private jets provide significant time savings. They can fly into smaller, more convenient, less crowded airports commercial carriers don't serve, flight schedules are bespoke and private jets allow work on confidential and sensitive matters comfortably.

With a private jet costing from $3 million and operating costs from $500,000 to $1 million per year such a prestigious possession needs to be managed in the most cost effective way.

Owning and operating a luxury asset such as an aircraft or helicopter is complex with each structure unique. Established in 1991 ILS World has worked with specialist advisers and their representatives to assist with ownership, registration and management of many different types of aircraft. The team understand the intricacies of owning this type of asset and make it a priority to keep up to date with any new industry legislation and regulations to ensure all aircraft are managed effectively.

Whether the intention is to use the asset for corporate, commercial or pleasure we provide solutions to maximise benefits and mitigate liabilities. With so many registers available choosing the most advantageous jurisdiction in which to register an aircraft will be a process of many considerations. The team is used to working closely with specialist advisers and once decided ILS World will manage the registration process through to its certification and facilitate the proper importation and exportation into or out of the European Union.

The team provides an on-going service to assist with the renewal of certificates and ongoing maintenance of the aircraft. Our versatile and professional team has a global network of contacts who will deliver on some of the more technical details of specialist aircraft maintenance programmes as well as managing ongoing expenses including flight crew salaries, hangar rental and insurance.

Headquartered in the Isle of Man ILS World is based in a jurisdiction that has nurtured the sector to develop and build its knowledge and expertise. As part of that environment the Isle of Man Aircraft Registry was awarded Best Global Aircraft Registry 2020 for the third year in a row due to its attention to detail, dedication, focus and excellent customer service. The Island-based Private Jet Centre is also able to assist with charters of varying sizes and configurations.

Due to the complexity of managing such a specialist asset where necessary we partner and work in collaboration with external accredited experts and acknowledged industry professionals to ensure we are providing our clients with the best advice.

The ILS World team is experienced in:
• Establishment of tailored ownership structures which are VAT efficient where applicable
• Multi-jurisdictional company incorporation
• Multi-jurisdictional aircraft registration
• VAT and Customs compliance
• Comprehensive administration of the ownership structure
• Management and financial reporting
• VAT and accounting services
• Provision of directors, registered offices and registered agreement/company secretary
• Operational support to aircraft owning entities across multiple jurisdictions
• Import and export services
• Purchasing
• Sale
• Storage
• Maintenance and upkeep
• Valuations
• Inventories.

ILS World

ILS World is a global provider of independent fiduciary services with a proven track record in successfully advising private clients including individuals, trustees and family offices.

We act in the long term interests of our clients and pay careful attention to the quality and personal service we deliver.

Our private client team works hard to create long-term relationships and provide the highest level of service. We do this by being approachable, flexible and pragmatic. We offer regular face-to-face meetings as required and provide direct contact with a senior member of the team. Staff have diverse backgrounds, skills and interests and their professional experience together with their "can-do" attitude means they understand that wealth and business is inextricably linked.

Our private clients often require an international strategy and as a global business with offices in a number of key jurisdictions we are well placed to provide a cohesive service. Our network includes offices in:
• British Virgin Islands
• Dubai
• Hong Kong
• Isle of Man
• London
• Portugal.

For further information please contact enquiries@ils-world.com

Please note: ILS World does not offer tax advice and would therefore recommend you obtain your own tax advice. If you require an introduction to a tax adviser we would be happy to assist.