It is not entirely impossible to have satellites where the legal owner is incorporated somewhere for regulatory purposes. There are a few geostationary, traditional style C/Ku-band transponder capacity satellites which are owned by companies in the Isle of Man. Huge numbers of satellites are owned by a Luxembourg based company (SES), one of the top-4 largest satellite operators worldwide, not because they particularly love Luxembourg so much, but because it has regulatory and tax advantages. The majority of SES' earth stations and facilities are not located in Luxembourg.