johnm wrote:For 2 reg you have to have an address in the Bailiwick and then you can follow either FAA or EASA maintenance rules as you choose.
Not True !
We have a 2- Reg aircraft and non of us owners live or ever resided in Guernsey.
We estimate we saved ourselves c£8000 by going the 2-Reg route. The aircraft we bought was on the N reg (FAA maintenance), to put in on G reg and follow EASA rules meant that the "on-condition" parts like the prop and governor were deemed ok under FAA but would were time expired under EASA. This and a few other things brought the bill to transfer to c £8000.
In addition to deciding which CofA rules you want to follow (FAA or EASA) you can also decide which licences you wish to fly on. A couple of our group are EASA IR licence holders and we couldnt fly IFR with N reg in UK airspace so we opted for FAA maintenance and EASA licence. You could fly under a FAA licence if you wish.
A few downsides, Guernsey have to survey the aircraft to see if its fit to be on their register, they have to approve the maintenance plan, and also validate your licence every 2 years.
You dont have to have it maintained in Guernsey, but any maintenance organisation that works on your aircraft has to be 2-Reg validated. This costs a couple of hundred quid and lasts 2 years and is largely a document/ qualification/competence paper exercise
Hope that clears things up