The purchase and importation of a $24 million private jet to the Isle of Man

The purchase and importation of a $24 million private jet to the Isle of Man

Mann Made Group has very recently completed the purchase and importation of a $24 million private jet used for business travel by an ultra-high net worth client to the Isle of Man.

Mann Made Group was approached by a Dubai Corporate Service Provider (CSP), whose client, a high net worth individual, wanted to purchase and import a Bombardier Challenger 650 jet into the EU for the purpose of business travel.

The Dubai CSP considered their options with regards to the jurisdiction of choice to act as the ownership vehicle of the aircraft, and also for the importation of the aircraft into Europe. The Isle of Man was chosen as the preferred jurisdiction due to its reputable legal system and its well established financial services environment.

As the Dubai CSP doesn’t have a licence to manage or act as Registered Agent of Isle of Man companies, they instructed Mann Made Group. Mann Made were selected to complete the importation of the aircraft, due to their reputation for technical know-how and efficiency in the marketplace.

Mann Made Group took over the management of an existing Isle of Man company, arranged the relevant VAT and EORI registration, and then, in conjunction with Isle of Man customs and The Jet Centre arranged the EU importation.

By working with Mann Made group, the client now has an aircraft which has been registered and imported to the Isle of Man, which is fully compliant for business travel across Europe.

“We instructed Mann Made Group to handle the importation and purchase of our client’s aircraft. Mann Made provided an excellent service to us and our client. We highly recommend working with Mann Made Group if you require any Corporate Services in the Isle of Man.” Dubai CSP.

 

Private Jet. Isle of Man