Having a car or property on the name of your offshore company in your local jurisdiction?

[mike400]

Jessie said:
Well quite a coincidence you suggest Bulgaria, since that's where I live.

So, would be wise the HK company to own the bulgarian company or what would be the best way to set that up?
Click to expand...

Hi, how did you (or anybody else) solve this issue in the end?

 

[mike400]

jackfrost said:
If it flies, floats, or fu***... rent it....

best advice ever and that is from someone that was a Porsche fleet customer at 21... payed cash. It is not worth it especially in the current printing climate and flat renting offers...

Plenty of 3rd party (non sixt, europcar etc) rentals specifically catering to corp customers with class based models as in you can switch cars within a class regularly and make it 100% tax deductible without writing it off over multiple years etc


I did sell corp GT3s +-0 after driving them for a couple years even with VAT differentials calculated in but not worth it especially today.
Click to expand...

Renting a car long term seems like a pretty bad deal to me..

https://customer.drive.porsche.com/germany/en/price911 convertible - 14 days rental 3500 EUR, so 7k per month!

911 convertible - new about 125k EUR, Used let's say 70k

So after 10 months of renting you'll pay the price of a used one and in less than a year and a half price of a new one!

 

[DeepDrilling]

mike400 said:
Renting a car long term seems like a pretty bad deal to me..

https://customer.drive.porsche.com/germany/en/price911 convertible - 14 days rental 3500 EUR, so 7k per month!

911 convertible - new about 125k EUR, Used let's say 70k

So after 10 months of renting you'll pay the price of a used one and in less than a year and a half price of a new one!
Click to expand...

someone made the math, I didn't able to figure out this.