Fastest and cheapest extra-eu residency

[rss]

Hello everyone,

I'm looking to register a car in Andorra using their MT (Matricula Temporal) license plate for non-eu residents.
I currently have an EU residency and would like to take advantage of the massive VAT savings that comes with registering a car in Andorra, what is the cheapest and fastest country to get a non-eu residency just for this purpose?
Cheapest part is not as important, as long as I can get it with minimal effort and in a reasonable timeframe.

Thanks!

Last edited: Apr 27, 2025

 

[JohnnyDoe]

good luck with the road checks and the subsequent reports to tax authorities and the resulting periscoping activity up your butt.

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[daniels27]

rss said:
I currently have an EU residency and would like to take advantage of the massive VAT savings that comes with registering a car in Andorra, what is the cheapest and fastest country to get a non-eu residency just for this purpose?
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Massive? How much can it be, honestly?

Please note that it is illegal in Europe (including Switzerland) as a resident to drive a car that has been registered elsewhere. Apart from a fine, they will also charge you full VAT.

Read here and then just stop thinking about it.
https://lenews.ch/2014/06/19/drivers-beware-hefty-fine/
https://www.20min.ch/story/mit-schweizer-auto-ueber-grenze-14-700-euro-busse-259053269252
https://www.blick.ch/auto/service/z...in-auslaendisches-auto-fahren-id16743640.html
https://www.theguardian.com/money/2016/may/28/eu-citizens-car-hire-switzerland

https://eur-lex.europa.eu/eli/reg_del/2015/2015/oj/eng
Use of means of transport by natural persons who have their habitual residence in the customs territory of the Union
(Article 250(2)(d) of the Code)
1. Natural persons who have their habitual residence in the customs territory of the Union shall benefit from total relief from import duty in respect of means of transport which they use privately and occasionally, at the request of the registration holder, provided that the registration holder is in the customs territory of the Union at the time of use.
2. Natural persons who have their habitual residence in the customs territory of the Union shall benefit from total relief from import duty in respect of means of transport which they have hired under a written contract and use privately for one of the following purposes:
(a) to return to their place of residence in the customs territory of the Union;
(b) to leave the customs territory of the Union.

Last edited: Apr 27, 2025

 

[rss]

daniels27 said:
Massive? How much can it be, honestly?
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You only pay 4.5% VAT when registering a car in Andorra + some other minimal fees, compare that to (in my case) Malta, savings on something like an Audi R8 (which is only a 120/130k car) will be almost half the price of the car!

 

[daniels27]

I don't think you will be able to go far with it in Malta. They drive on the other side and it is an island with not too many through traffic.

 

[rss]

daniels27 said:
I don't think you will be able to go far with it in Malta. They drive on the other side and it is an island with not too many through traffic.
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I wouldn't drive it in Malta, it will be stored somewhere else and used for road-trips around europe.

 

[daniels27]

rss said:
I wouldn't drive it in Malta, it will be stored somewhere else and used for road-trips around europe.
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You mean you only use it occasionally anywhere in the EU? That's a different story. In that case, you could have it registered in another name and then rent it with a written contract from Andorra for leaving the EU. See point 2. of my post above.

 

[rss]

daniels27 said:
You mean you only use it occasionally anywhere in the EU?
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No, quite the opposite, it will be used mainly in Europe

 

[daniels27]

rss said:
No, quite the opposite, it will be used mainly in Europe
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I mean you only use it occasionally. And when you use it, you use it in different countries, none of which being your residence?

 

[rss]

daniels27 said:
I mean you only use it occasionally. And when you use it, you use it in different countries, none of which being your residence?
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It will be used 7-10 times a month, not as a daily driver but just as a fun weekend car and it will never touch Maltese soil

 

[daniels27]

rss said:
It will be used 7-10 times a month, not as a daily driver but just as a fun weekend car and it will never touch Maltese soil
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Yes, you can try the no 2. above with solid rental agreements and a proper company or other person owning it. But risks remain. Where would you store it? Barcelona?

 

[Martin Everson]

rss said:
what is the cheapest and fastest country to get a non-eu residency just for this purpose?
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Barbados offers one in 7 days. Pay $2,000 and tick a box saying you earn over $50,000 a year and away you go with residency for 1 year.

https://www.visitbarbados.org/barbados-welcome-stamp

btw you can also get a huge saving in Gibraltar as Andorra number plates can draw unwanted attention..lol.

https://www.capurrotaxfree.com/taxfree/faqs

I can't remember now but it used to be some companies like the below that offered Gibraltar corporate ownership structures for high end cars for typically rich folk who wanted to own and insure cars outside their home country and make a tax saving. Not sure they do it any more. We are in a different world now sadly.

https://motorama.gi/

P.S Malta car registration tax is outrageous. You could pay 170k euros just to register like an 812 superfast and 120k or more for a Urus.

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Please note my posts should not be taken as financial or tax advice. Please seek professional advice in that respect.

 

[rss]

Martin Everson said:
Malta car registration tax is outrageous. You could pay 170k euros just to register like an 812 superfast and 120k or more for a Urus.
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It's insane, supercar rentals around Europe are also extremely expensive too. stupi#21

 

[Martin Everson]

rss said:
It's insane, supercar rentals around Europe are also extremely expensive too. stupi#21
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Blame all the fake it till you make it Influencers and drill music artists renting them smi(&%

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[JohnnyDoe]

Also blame the typical EU citizen who thinks keying nice cars is some kind of justice.

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