Registering a supercar in Europe somewhere
- Thread starter Mr Gus
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its working for years.....
in poland you can see a lot of new higher class cars registered in slovakia.
Its working since they do it for over 4-5 years now.
Also you safe a lot of money on VAT which is the main purpose of many people to register there.
Another side effect is you don't get tickets since slovakia doesn't cowork with western countries to collect tickets.
Out of interest one can speak to Motorama in Gibraltar as they have a VIP ownership service for registering supercars inside Gibraltar corporate structures to drive in Europe.
https://motorama.gi/vip_service.htm
Also you can have a look at this faq page of another Gibraltar car dealer on use of Tourist plates:
https://www.capurrotaxfree.com/taxfree/faqs
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Please note my posts should not be taken as financial or tax advice. Please seek professional advice in that respect.
I made a map last year about how much it will cost when registering a supercar.
As Non Dom, The remitted capital will not be subject to Maltese tax should its purpose be for capital investments, such as property acquisition, capital injection, VEHICLE or yacht purchase and for similar investments for capital purposes.
Why not just buy the car in Malta?
Why not just buy the car in Malta?
Go calculate at the registration costs below for a supercar in Malta. Try a 2021 Ferrari 812 Superfast for example and see the cost yourself.
http://www.valuation.vehicleregistration.gov.mt/motorVehicle.aspx
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Please note my posts should not be taken as financial or tax advice. Please seek professional advice in that respect.
Being deep diving in that topic too, I found some interesting comparative study made by some pro tax sect. Some comments for some countries having room to do better on taxation are a bit disgusting to read, but you do get the pleasure the use their work against their own goals.
https://www.transportenvironment.or...22/10/The-good-tax-guide_updated_07.11.22.pdf
https://www.transportenvironment.or...22/10/The-good-tax-guide_updated_07.11.22.pdf
can you find anything like that for helicopters, yachts and small planes/jets? smi(&%
That would be a beautiful question to ask that sect. If you do, please enlight us with their reply.
There are a few things you can do..
Register your car somewhere tax friendly (preferably a company car) and just bring to Malta and keep it on foreign plates, there are a shitload of people doing this.. However it's a risk and not legal.
If you owned a car 2 years prior to moving you can register it tax free.
Best legal option I found is setting up a company somewhere with low car taxes (Bulgaria for example) and registering the car to the company, lease the car from your own company. Now you can go to Transport Malta say you are using a foreign car which is leased. Now you will only have to pay the registration tax for the period you are using the car on Malta, and the car will remain on foreign plates. You can use the calculator the estimate taxes you have to pay. If you decide to leave Malta or sell the car you will get back the remaining amount
The issue is that you need a local person to be an authorized, responsible car user, which can be a company that you can use for the purpose of shielding yourself from potential fines.
You can be the car owner, but when registering the car, while setting a limited liability company (or other legal entity) as the responsible user.
Estonia is an excellent option for this, no car tax, company formation and management is fully digital, and the minimum share capital is 1 cent for a limited liability company.
As an added benefit, you have the tax system where you only pay tax on profit distribution for different kinds of structuring.
Car registration is also quite an easy process.
https://e-estonia.com/estonia-to-launch-worlds-first-fully-digital-vehicle-registration-system-2/
Wouldn't an Estonian license plate in Malta attract local authorities? They might be strict like Italy.
https://www.insuranceitaly.it/the-new-rules-for-cars-with-foreign-license-plates/?lang=en
A big part of the population in Malta is foreign, it's very common to see foreign plated cars. Malta has these rules as well but are not really well enforced, they sometimes clamp foreign vehicles parked on the street but they never ask questions going in and out the country with the ferry or when driving around in Malta you never get stopped for having a foreign vehicle.
European plates don't attract attention what so ever, non EU plates might raise more questions, especially from customs etc.
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