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US resident , no greencard, buying a glider in the US
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 |
#2
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US resident , no greencard, buying a glider in the US
On Oct 25, 12:01*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 Is it legal for you to lease a sailplane? |
#3
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US resident , no greencard, buying a glider in the US
On Sat, 24 Oct 2009 23:07:26 -0700, Mike wrote:
On Oct 25, 12:01Â*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 Is it legal for you to lease a sailplane? I'd actually not thought of that, but since I'm looking at second hand gliders, I don't think its an option ... is it ?, can I get a lease on a used aircraft... ? Peter |
#4
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US resident , no greencard, buying a glider in the US
On Oct 25, 2:18*am, Peter wrote:
On Sat, 24 Oct 2009 23:07:26 -0700, Mike wrote: On Oct 25, 12:01*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 Is it legal for you to lease a sailplane? I'd actually not thought of that, but since I'm looking at second hand gliders, I don't think its an option ... is it ?, can I get a lease on a used aircraft... ? Peter- Hide quoted text - - Show quoted text - Check UK regulations. I had the same problem with a Canadian glider when I lived in the US post-9/11. Canada would allow a waiver for requirement for annual airworthiness inspections, normally requiring a Canadian mechanic (AME), that allowed a specific US A&I (by name) to do the work on my glider during my time there (I also considered flying in a Canadian mechanic, but the waiver paperwork was easier (look for a clause like "inspections shall normally be done by..." and indicate why your situation isn't normal)). Flying on UK registration/ pilot paperwork/insurance is legal - British Airways does it all the time. My Canadian insurance was valid in the US (don't know if UK insurance would be). So, my recommendation - fly on your UK pilot certificate, in a UK glider, on UK insurance, in the US. Makes the problem of going back to the land of the weak thermal easier at the end of your time in the US easier, too. Only downside is you can't lend your glider to non-UK- certified pilots (but you'll be popular with your old clubmates!). You also might check with SSA and AOPA - both good organizations - and ask if they can work on the problem of foreigners not being able to own N-numbered sailplanes. If UK allows non-UK folks to own, ask for similarity.... Dan |
#5
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US resident , no greencard, buying a glider in the US
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. |
#6
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US resident , no greencard, buying a glider in the US
On Sun, 25 Oct 2009 08:28:40 -0700, AK wrote:
On Oct 25, 2:01Â*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. Strictly speaking, as far as I know, the corporation has to be majority owned by Americans... so I'm no better off, the corporation and therefore...other people... have to own and take liability for the aircraft.. no better than a three way partnership with two americans, and I'd have the downside of having to file corporate tax papers each year.. As far as I've seen the System can't be circumvented... I suppose thats the idea anyway. |
#7
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US resident , no greencard, buying a glider in the US
On Oct 25, 2:44*pm, Peter wrote:
On Sun, 25 Oct 2009 08:28:40 -0700, 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. Strictly speaking, as far as I know, the corporation has to be majority owned by Americans... so I'm no better off, the corporation and therefore...other people... have to own and take liability for the aircraft.. no better than a three way partnership with two americans, and I'd have the downside of having to file corporate tax papers each year.. As far as I've seen the System can't be circumvented... I suppose thats the idea anyway. I told you I know a guy who did it. What type of corporation it was I don't know. Go talk to a lawyer. |
#8
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US resident , no greencard, buying a glider in the US
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. |
#9
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US resident , no greencard, buying a glider in the US
On Oct 25, 4:37*pm, AK wrote:
On Oct 25, 2:44*pm, Peter wrote: On Sun, 25 Oct 2009 08:28:40 -0700, 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. |
#10
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US resident , no greencard, buying a glider in the US
On Oct 25, 12:18*am, Peter wrote:
On Sat, 24 Oct 2009 23:07:26 -0700, Mike wrote: On Oct 25, 12:01*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 Is it legal for you to lease a sailplane? I'd actually not thought of that, but since I'm looking at second hand gliders, I don't think its an option ... is it ?, can I get a lease on a used aircraft... ? Peter |
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