The Isle of Man has an emerging and well-regulated aviation practice which may be of interest given its lack of tax (the 0% regime outlined in our article on Isle of Man private companies) and low costs. The Isle of Man registry is limited to pleasure aircraft and it does not offer a VAT reducing scheme as is to be found elsewhere meaning that VAT is a cost at 20% of the aircraft's value. In Malta by comparison this can be reduced to as little as 5.4%. The Isle of Man's status as an offshore centre is not really a consideration to the use of this centre for aircraft registration and its aviation practice is generally well respected though it is not suitable for commercial aircraft.