Kids these days, they think working hard for 2 to 3 years is already a sacrifice. They can't fully grasp the concept of delayed gratification.
Buying a car in Europe with a offshore bank account
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Just a correction, if you buy a car︇ through your company in Sweden, you will pay 100% VAT, unless it's a specific work︈ car, registered for specific work (tractor, truck, etc.). If you lease a car through your︉ company, you will be able to deduct 50% of the VAT on the actual lease︊ cost.
Thanks for the clarification. I just chose Sweden as a random example, shouldn’t have done that without checking the facts.
I guess what I wrote would still be true for most other countries, though. If the car can be used for private purposes, you will probably be taxed for the potential private use on a private level (like the car being a fringe benefit), but the purchase itself should be VAT exempt.
I guess what I wrote would still be true for most other countries, though. If the car can be used for private purposes, you will probably be taxed for the potential private use on a private level (like the car being a fringe benefit), but the purchase itself should be VAT exempt.
Yes, that is also correct and applicable for Sweden; the actual "personal benefit" of having a car leased by the company, will be added on top of your income. And (oh no, it doesn't stop here) if the company is paying for the︀ gas, you need to pay tax on top of the gas used for private trips.︁ So what's the fuss with the VAT? Well, it's 25%. So, as you wrote, high︂ tax country it is and cars should be somehow exempted with all the taxes, except︃ for this very clever Swedish system to pick as much tax as possible on a︄ thing used so much (well, maybe not these days...). Sorry for taking this so far...but︅ it's really crazy.
How would they know how many private trips you’ve taken?
I guess it might be cheaper to buy the car on your name and then reimburse yourself for every time you use the car for your company since that would be a deductible business expense.
I believe it’s even worse in Estonia, though I don’t remember the details. I’ve just heard that basically nobody buys a car on their company there because the taxes are crazy.
I guess it might be cheaper to buy the car on your name and then reimburse yourself for every time you use the car for your company since that would be a deductible business expense.
I believe it’s even worse in Estonia, though I don’t remember the details. I’ve just heard that basically nobody buys a car on their company there because the taxes are crazy.
Horrible. Definitely better to buy it on your own name then and bill the company. Though I guess you could try to make stuff up.
Other countries as least give you the option to keep a journal or pay more in taxes.
I’m glad I’ve left the EU.
Other countries as least give you the option to keep a journal or pay more in taxes.
I’m glad I’ve left the EU.
As long as you live within the EU I don't think you should buy any car with an offshore bank account if you goal is to avoid any taxes or use black money to buy the car. You will fail.
Lets say you are a newcomer to the EU and never lived there before and want to buy a luxury car, and you say that the source of the money is from savings you earned while living elsewhere. Will that work (in terms of staying under radar not reducing costs)?
Buy Luxury car with off shore Account :
Tip to all nationalites. Not valid for french guys.
••• Do like the world wide Super Rich •••
Go to Monaco - Monte Carlo
Buy there your new or second hand car with local super car dealer (big choice), keep registrated plate in Monaco.
The super cars dealers should help to proceed all steps, payments gateaway, probably introduce to local bankers, law adviser, else....if needed.
They do that all year long for their exclusive high end customers !
You will keep below radars.
Monaco got thousands of registrated Super Cars and hundreds of Super Yachts.
Super Rich︀ have same needs and problems like yours.
They do it in Monaco (few others in︁ Swiss).
Not valid for 50Ke car value.
Tip to all nationalites. Not valid for french guys.
••• Do like the world wide Super Rich •••
Go to Monaco - Monte Carlo
Buy there your new or second hand car with local super car dealer (big choice), keep registrated plate in Monaco.
The super cars dealers should help to proceed all steps, payments gateaway, probably introduce to local bankers, law adviser, else....if needed.
They do that all year long for their exclusive high end customers !
You will keep below radars.
Monaco got thousands of registrated Super Cars and hundreds of Super Yachts.
Super Rich︀ have same needs and problems like yours.
They do it in Monaco (few others in︁ Swiss).
Not valid for 50Ke car value.
@JustAnotherNomad : I'm sorry I can't reply. Super Rich know and do it for last 3 decades.
Myself to keep below radar I simply own 1ke scooter (no car). But I know tales on boating and yachting... Lol... I prefer waisting money boating rathers than cars...
I can add about Monaco : it had become Grey Market for Vintage Luxury and Surper Cars. Suitcase loaded with cash exchange in hands between world wide buyers and sellers for thoses Vintages with the good will compliance of the local car dealers taking their commissions in cash or legit way !
Myself to keep below radar I simply own 1ke scooter (no car). But I know tales on boating and yachting... Lol... I prefer waisting money boating rathers than cars...
I can add about Monaco : it had become Grey Market for Vintage Luxury and Surper Cars. Suitcase loaded with cash exchange in hands between world wide buyers and sellers for thoses Vintages with the good will compliance of the local car dealers taking their commissions in cash or legit way !
The obvious advantage with Monaco is that there are no taxes if you can afford to live there. If they accept lots of cash, I’m sure that’s a great benefit for some people as well.
But the way I understand it, there are no other benefits to buying a car there as a non-resident?
But the way I understand it, there are no other benefits to buying a car there as a non-resident?
Lambo with GB plates defintely screams Gipsy mafia , Nobody will bother you smi(&%
Perhaps driving eastern eu plates won't bring much attention in eu like before as most countries are flooded with migrants from ukraine and neighouring countries. I see an increase in these plates even locally so police won't check as much imo
Last edited: Feb 11, 2023
Lambo with GB plates defintely screams Gipsy mafia , Nobody︍ will bother you smi(&%
Perhaps driving eastern eu plates won't bring much attention in eu like︎ before as most countries are flooded with migrants from ukraine and neighouring countries. I see️ an increase in these plates even locally so police won't check as much imo
Perhaps driving eastern eu plates won't bring much attention in eu like︎ before as most countries are flooded with migrants from ukraine and neighouring countries. I see️ an increase in these plates even locally so police won't check as much imo
Can that be︂ done if you don't reside in Monaco and live in another EU country? Buying a︃ car with cash in Monaco, getting Monaco license plates and then have it in another︄ EU country without issues?
I have seen some guys in Spain who own supercars with︅ Monaco license plates.
I have seen some guys in Spain who own supercars with︅ Monaco license plates.
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