Bermuda-registered aircraft are maintained and operated to the highest standards required and accepted internationally by reputable aviation regulatory authorities. As Bermuda is an Over-seas Territory of the United Kingdom, the Bermuda Department of Civil Aviation (BDCA) is subject to safety oversight surveillance by the UK Civil Aviation Authority. The high standard of the Bermuda register is evidenced by the fact the US Federal Aviation Authority classified Bermuda as a Category 1 jurisdiction under their international aviation safety assessment programme.
Bermuda is essentially tax neutral and owners and operators may be in a position to take advantage of favourable tax treatment in their principal place of business by registering aircraft in Bermuda. There are no Bermuda income or profits taxes, withholding tax, capital gains tax, capital transfer tax, estate duty or inheritance tax payable by a Bermuda company or its shareholders, other than shareholders ordinarily resident in Bermuda. Further, Bermuda does not normally require an import licence and does not charge importation tax upon aircraft.
