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Car registration within EU but outside country of residence
  #1  
Old 03-01-2010, 11:07 PM
taxmuncher taxmuncher is offline
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Question Car registration within EU but outside country of residence

Hi guys,

Trying to find info if its possible to set up a company (virtual office at the most) in for example Germany or Switzerland to register a car there.

I am always traveling and hence do not have an actual address anywhere and car-registration has become quite a headache due to not having an address.

I am aware that Vanuatu closed down it's foreign car registration scheme and for Cook Islands or similar tropic locations I think the cost is too great and the hassle too much.

Hopefully someone will be able to help getting a car registered in main land Europe - Germany preferred due to the great market for new and used cars.

Some fellow PT's must have experienced the same problems...

All input is welcome

Thank you
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Re: Car registration within EU but outside country of residence
  #2  
Old 03-02-2010, 04:27 AM
olim olim is offline
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Default Re: Car registration within EU but outside country of residence

how do people in europe put up with this bs, is what I really would like to know.
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Re: Car registration within EU but outside country of residence
  #3  
Old 03-02-2010, 07:01 AM
taxmuncher taxmuncher is offline
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Default Re: Car registration within EU but outside country of residence

Quote:
Originally Posted by olim View Post
how do people in europe put up with this bs, is what I really would like to know.
I am sure you mean well and all but think you would face the same problem in wherever you are based.

Imagine you don't have an address - imagine you don't live or stay anywhere, just traveling all the time.

If we are talking the US then you need both a driver license number and and an address to register a vehicle - similar to most countries in Europe - so same issue.

Last year I visited 19 countries - so when people ask where I stay, what should I answer? The "old" world i based on people with steady lives, steady income and snail mail - it just doesn't cut it for everyone.

Please contribute only if you have useful positive input next time.
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Re: Car registration within EU but outside country of residence
  #4  
Old 03-02-2010, 08:09 AM
orson orson is offline
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Default Re: Car registration within EU but outside country of residence

Europe? All govenments impose on the people, different governments different bs, that's all! Please don't try to tell us your particular government is benign.

As long as you have an address available to receive official notification and from which to insure the vehicle why would you need a company?

In the UK it used to be possible to have "***.Ltd" on the reg., doc., but the last UK company I had DVLA insisted that a director's name appeared alongside as "beneficial" owner (c2007). Similarly your name, tying you to the country of registration, will appear on the insurance document. There used to be an economic advantage of reg., and insure in the UK but whilst driving in EU not have road tax - £450+ on a Range Rover - the UK gov., now insist the tax must be paid even if you never drive on a UK road.
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Re: Car registration within EU but outside country of residence
  #5  
Old 03-02-2010, 06:31 PM
olim olim is offline
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Default Re: Car registration within EU but outside country of residence

Quote:
Originally Posted by taxmuncher View Post

If we are talking the US then you need both a driver license number and and an address to register a vehicle - similar to most countries in Europe - so same issue.
It's a non-issue in the US. Arizona will give a 8-year driver license on flimsiest documentation. similar in terms of car registration.

and yes, in Europe - eastern euro countries must be where it's the easiest to do what you need.
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Re: Car registration within EU but outside country of residence
  #6  
Old 03-03-2010, 02:47 AM
chris2020 chris2020 is offline
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Default Re: Car registration within EU but outside country of residence

thanks for your first-hand Bulgarian experiences, tradeWM.

I must add though, while your statements regarding setup costs of the famous EU extensions [AG, GmbH, S.a.r.l, BV, Inc. Ltd.] etc. is 100% true, it is also very possible to purchase old and 'inactive' companies from law offices. GmbH's can be purchased at €1-1,5k, dutch BV's at €800-1k and so on. this thing is possible in most countries around the world.. just inform with local law offices.

Still extremely good to hear that BG company formation doesn't require physical residency...... this could be a good way to maintain privacy when dealing with international clients
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Re: Car registration within EU but outside country of residence
  #7  
Old 03-02-2010, 08:21 AM
tradeWM tradeWM is offline
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Default Re: Car registration within EU but outside country of residence

Quote:
Originally Posted by taxmuncher View Post
Trying to find info if its possible to set up a company (virtual office at the most) in for example Germany or Switzerland to register a car there.
Company setup in Germany, Austria, Switzerland and other "prime EU" countries are a little bit expensive and time consuming. For example in Germany you need to have a paid in capital of at least 15k euro for a normal company, although recently the authorities give the possibility to register a so called startup GmbH only with 1 euro as paid in capital, but you need working permit if you are foreigner citizen. And working through a German/Switzerland company for what you need is a real pain in the ass.

In my opinion, the best thing to do to register a car in EU easy and cheap is to incorporate a company in Bulgaria and register as many cars as you want on that company name, in Bulgaria.
I know some people will say bad things about Bulgaria, like: its a communist country, its not safe there, its hard to work with people there and so on but I can tell you that almost all scary stories about Bulgaria are just stories, proved by the UK, German and Russian citizens that invested billions in Bulgarian real estate market.

Anyway, here is some real things: setting up a company in Bulgaria takes 1 week and cost about 300-350 euro, 250 the company costs and 50-100 to the lawyer that will do all the work. Also if you get a lawyer to do the job, usually he/she will provide his office address as your company official/registered address.
If you are EU citizen you don't need working permit/visa to register a company in Bulgaria, only your passport.
You must deposit a 2500 euro company capital in a bank prior to register the company and after the company is registered you can take back the deposit.

In order to register a car in Bulgaria under a company name, you must go to the local car registration authority, named KAT, from the town where your company have the registered address.
At the KAT you must bring the car, along with the car papers and old car plates(if it has) and the company document. I say document because in Bulgaria you receive only one piece of paper that prove you registered and owned a company in Bulgaria.

Anyway, at KAT it will take about 2 hours to make all the papers and register the car, and at the end of the process you will get the new Bulgarian plates on the car and you can use the car from that moment on. So if no problem with the car or the documents the registration is done same day, in less than 2 hours.

For any type of car purchased from EU you don't have to pay custom duty, and the registration costs are about 350 euro, including 1 year international insurance and 1 year technical verification. This fee is only for cars that have engine less than 120 kW. For cars with engine over 120 kW but less than 150 kW the registration cost are 18 euro per each kW and for cars with engine over 150 kW the cost are about 30 euro per each kW.
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Re: Car registration within EU but outside country of residence
  #8  
Old 03-02-2010, 10:43 AM
taxmuncher taxmuncher is offline
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Default Re: Car registration within EU but outside country of residence

Sounds like Bulgaria might be an option.

Only issue I see so far is the registration cost for vehicle with lots of power - mine will be slightly less than 300 kw so it could be expensive.

Any other ideas are also welcome - but thanks for the input, definitely worth researching and digging up some good lawyer for the paperwork.
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Re: Car registration within EU but outside country of residence
  #9  
Old 03-03-2010, 03:33 AM
olim olim is offline
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Default Re: Car registration within EU but outside country of residence

but wouldnt registration costs be exorbitant if you register your vehicle with german/dutch companies (in de/nl)?

I thought the entire point of registering in BG is for el cheapo registration.
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Re: Car registration within EU but outside country of residence
  #10  
Old 03-03-2010, 02:03 PM
taxmuncher taxmuncher is offline
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Default Re: Car registration within EU but outside country of residence

Does anyone have specific contacts for lawyers in both Bulgaria and perhaps also Germany - I want to explore both options and personal reference to a reputable lawyers is highly appreciated.

If you do not wish to post contact info public, please PM me.

Thanks
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