With a highly competitive special purpose vehicle (SPV) regime, benchmarked against the world’s leading jurisdictions, ADGM also serves as an attractive domicile for the structuring of aircraft transactions.
The UAE has an extensive network of tax treaties, with 83 in force and a further 32 in various stages of negotiation, signature or ratification. The UAE has a wider network than rival jurisdictions, such as Ireland, Singapore, Hong Kong and Cayman Islands, and clear competitive advantages in Central Asia and Africa, as well as especially strong treaties with the burgeoning aviation markets of India and Indonesia.
ADGM registered companies further benefit from ADGM’s full English common law environment, 0% corporate tax exemption until 2063, no foreign ownership restrictions, no limits on repatriation of profits and no withholding taxes, as well as access to its independent courts and financial services regulator.
The aviation industry is one of the key economic sectors of Abu Dhabi and the UAE and continues to grow at a considerable rate. ADGM has been actively developing a community of businesses and professional services to serve the local and regional markets in the aviation finance and leasing sector.
Sovereign has extensive expertise and experience in this sector through our aviation division – RegisterAnAircraft (https://www.registeranaircraft.com) – and Sovereign Corporate Services is committed to support industry participants across the MENA region in conjunction with our ADGM SPV product.
To date, we have worked with aviation leasing companies, aviation investment funds, law and accountancy firms, advisory firms and asset managers to structure aircraft transactions and provide efficient financing and leasing arrangements within the robust framework of the ADGM. Please contact Sovereign Corporate Services for further information on how we can support your aviation-related activities.