Considerations regarding ownership of the aircraft involve the reasons behind the choice for N registration for an aircraft based and operating in the EU. Here is an extract from am article published in Avbuyer,
https://www.avbuyer.com/articles/ga-...n-trust-112085
"3. Non-US citizens may find it difficult to register their private aircraft in their home country.
The FAA has very favorable maintenance and registration requirements, and they are known for being supportive and understanding of private aviation. Some countries, however, have aircraft requirements that focus on the operations of commercial airliners. Their rules and regulations can be very onerous and burdensome to private aircraft owners. For this reason, owners may choose to register their aircraft outside of their home country. For example, in our interview with client Roger Harr, Roger pointed out that he was one of the first Cirrus owners in Europe. He bought his Cirrus before it was approved for purchase by EASA (the European Aviation Safety Agency), and the only way he could own and operate his new plane was to register it in the United States. Owners who live in countries with similar limitations on GA aircraft, may create a trust so that they can register their aircraft with the FAA in the United States."
Which then acutely aggravates the all too important question that has now arisen ,given the CAA report regarding the finding of high levels of CO on the remains of the passenger. What does very favourable, supportive and understanding mean. With the B737 MAX fiasco still unresolved, and today another big article about it in the Sunday Times, does it not perhaps cast more dark shadows over the FAA and our regulators in their role of guardians of public safety.