I know you can fly absolutly anywhere in the world in a European Registered Aircraft, but if your flying
outside of europe you need to be flying a European Registered Aircraft.
( You cant fly an American A/C) I'm Pretty sure thats 99% correct. I stand to be corrected though as i haven't been flying in a while....
Most ICAO countries will recognise an ICAO licence from other countries for private, Day, VFR flight. (I think it may be an ICAO requirement that they recognise it, but I couldn't swear to it)
Some countries such as the US, require you to hold one of their licences, rather than simply allowing you to use your own. In the case of the USA, they verify the details of your licence and medical, and then issue you an FAA licence based on your JAA licence. No test or exams. You will need to do a BFR before flying on your FAA licence, the same as any other FAA licence holder must do.
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