On Oct 25, 11:28*am, AK wrote:
On Oct 25, 2:01*am, Peter wrote:





I'm hoping to tap the voice of experience...

I've been thinking about buying a glider ever since I moved to the US,
its been 10 years now and I'm still waiting to get my Green card... yay
go USA... anyway... bitterness aside...

I know that I can't register an Aircraft on the US register unless its
owned by a US entity (person or corporation, majority),... or a Greencard
holder... bitter a little.

BUT...

Is there anything to stop me buying one and transferring it the the UK
register, but keeping it here and having my father (a UK based aircraft
inspector) come over and give it its annual airworthiness on the UK
register and fly it that way ?

What would be the process, would I have to get an export CofA and go
through all that rigmarole and then do the Uk equivalent to transfer the
registration, even thought he aircraft is not actually being exported ?

And I would eventually (hopefully some decade soon) be reversing the
process once I get my Greencard.

Any other common means for a non-US citizen to own an aircraft legally in
the US. I don;t want to bend any rules and I'd rather not put a $50-80K
glider on teh register under someone elses name (and effectively make
them liable for any legal/tax issues), as well as have to trust someone
with that much of an asset that I'd have to basically lose legal rights
to to transfer to them legally.

Or should I pack up my stuff and head back to blighty... :-)

Peter

You can register a corporation and make the corporation own the
glider. A UK diplomat did that when he lived in the U.S. I bought my
last glider from him.- Hide quoted text -

- Show quoted text -

I'm a Canadian, but post most of my flying in my own ship in Florida
during the winter. I have mused on US registration for a while, and
my approach would be to check with a lawyer the following:

Create a Delaware corporation (great liability protection and no sales
tax) online cheaply. Lend the purchase price to the corporation as a
debenture, secured by a lien on the glider. Lease it to yourself for
$1/year net (you pay the maintenance and insurance), plus the costs
for corporate filings, with an option to buy for the purchase price.
You’ll need a US citizen to be the shareholder and President. He can
have the $1.

One attraction of the US registration to me is the no-medical-required
glider licence. I wrote the exam and did the flight test last year to
get one, and it was very timely as Transport Canada Licensing pulled
my medical when I contracted throat cancer this summer. I could even
take this glider to Canada and fly it there on the US ticket. I'll
follow the thread to see what you come up with.