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  #11  
Old 04-27-2009, 08:53 AM
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Barry Barry is offline
 
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Unless the rules have recently changed a foreign national can set up a US company registered in Delaware. The plane is then registered in the name of the company. The FAA probably still accept this method of registration. The only restriction is that the plane must be flown mainly in the USA and any trips outside the US are restricted and must be reported to the FAA each 6 months. There are other methods like setting up a Trust. Several companies will do this and in this case you can operate the plane outside the USA for as long as you wish. However the Trust is more expensive to set up and operate than the Delaware Company. There are many N registered planes flying outside the USA using the USA Trust method.

Barry
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  #12  
Old 04-27-2009, 08:57 AM
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N941WR N941WR is offline
 
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Quote:
Originally Posted by Barry View Post
Unless the rules have recently changed a foreign national can set up a US company registered in Delaware. The plane is then registered in the name of the company...
Barry,

It is my understanding that the majority of the company must be US owned. I could be wrong on this, so please verify. These rules were put in place to try and limit drug smuggling.
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  #13  
Old 04-27-2009, 09:33 AM
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These rules were put in place to try and limit drug smuggling.
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Build the plane you want, not the plane others want you to build!

Bill,

I set up a Delaware company when my RV was based in the USA and then a USA owned Trust based in the Cayman Islands when I had the plane back in Europe. I had no problems with this and it was accepted by the FAA. Concerning your remark about drug smugglers are you implying that only foreign nationals do this!!

Barry
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  #14  
Old 04-27-2009, 12:29 PM
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N941WR N941WR is offline
 
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... Concerning your remark about drug smugglers are you implying that only foreign nationals do this!!

Barry
No, not at all. The issue was that people were trying to hide the ownership of the planes that were used to bring the stuff in to the country.

Good to hear your setup worked. Like I stated, verify what I put out there. That was what one friend went through and he was very close to not getting his pink slip. We even joked about the need to have a baby here in the US so he could put the plane in the kid's name.
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RV-9 (Yes, it's a dragon tail)
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Build the plane you want, not the plane others want you to build!
SC86 - Easley, SC
www.repucci.com/bill/baf.html
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  #15  
Old 05-01-2009, 03:23 AM
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herve-RV7 herve-RV7 is offline
 
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Hi All,

Thanks for the advices. I will most probably go to the storage in France way considering the difficulty to move and register the project, and take the opportunity to fly in the US with a "Non RV" plane. This is very frustrating to wait 2 or 3 years before finishing my bird at such an advanced stage. But let's see what will be the future...
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  #16  
Old 05-01-2009, 10:21 AM
breister breister is offline
 
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Hehe - you are in for "culture-shock"....

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