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#11
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When I was stationed in Spain in the 60s I bought N2426E a 7AC Champ from
the Navy flying club at Rota Spain. I kept my plane at Tablada a Spanish Airforce base outside Sevilla. I flew it for nearly 3 years, The FAA was in Madrid and I was simply informed to call him in an instant if I ever had an accident or incident. Cheers: Paul NC2273H |
#12
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Through trusts in Delaware, since the owner must be a US citizen.
Actually, it's a Voting Trust and can be in any state. A voting trust translates loosely to a US citizen owning 51% of the company but has no voting rights. The foreign citizen owns 49% but has voting rights. The net result is the foreign citizen votes and operates the company as though he were full owner. Mike |
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