In the US, yes. This helicopter is 1100g without a battery, well over the FAA's 250g threshold, so it has to be registered before you fly it outdoors. Registration is $5, takes about five minutes on FAADroneZone, and covers you for three years — you get one number that goes on every aircraft you own, not one per model.
You'll also need to pass TRUST, the FAA's recreational safety test. It's free, online, takes around 20 minutes, and you keep the certificate with you when you fly. Remote ID applies too: either fly at an FAA-recognised club site (FRIA), or fit a broadcast module, which is an inexpensive add-on part.
None of this is difficult — it's the same paperwork every owner of a helicopter this size goes through. Outside the US, check your national aviation authority, as thresholds and rules differ.