Registering Aircraft Overseas

As i travel around the UK its seems to be apparent that the amount of
aircraft on overseas registers is growing rapidly.
At an airfield the other day there were various HA (Hungary) and RA (Russia)
aircraft flying and hangared so how and what are the benefits?

I notice that some RA registered aircraft are now carrying the letter K at
the end of the registration evidently i was told this is for private use?

So would it be worth looking into this and other options such as the US
registered for example?

Just looking for options really so any feedback most welcome.

Regards
John & Annie

PA28R and a hot air balloon!

Peter wrote:

> A few planes are not certified in Europe due to some technicality so
> have to be on a foreign reg, but this is unusual as a %. The most
> notable case is the Cirrus, but EASA has now certified the SR20 and
> the SR22 looks set to follow, which is excellent news.

Just one clarification: EASA (or whichever authority) only certificates
an airplane if somebody (usually the manufactorer) applies for it.
Cirrus didn't bother to apply for European certification for a long
time, presumably for the same reasons as Diamond which didn't rush to do
so in the USA for the Thielert Diesel.

Stefan