In the last decade the costs of car insurance parallel to those of property taxes or pollution (depending on the classification of the various countries of the EC) have undergone exceptional increases.
If we want to consider the parameters of some specific geographical areas and some models of sports or luxury cars (South Italy for Porche / Audi / BmW) the costs become prohibitive.
The registration of vehicles has a significant weight in the budget of a company or a family unit, so to be able to take advantage of a tax haven for motorists is a good opportunity for anyone.
Currently, an increasing number of European citizens are turning their attention to the registration of their vehicles in states other than the one in which they reside, and this exclusively because of the incredibly lower costs.
Insurance costs, circulation taxes and special taxes, such as the super stamp for luxury cars, as far as the Italian state is concerned, make countries like Bulgaria a true tax haven for motorists.
What many people do not know, however, is that this practice, which is consented in some conditions is illegal in other respects, therefore, so that the registration of vehicles can be effectively carried out in what is considered a tax haven for motorists, the right strategies must be adopted.
Vehicle registrations are incredibly lower costs
Considering the opportunity to set up a dormant company that owns movable assets (cars, caravans, motorbikes or other vehicles in general) regardless of whether they were originally owned by one or more individuals as a family unit or a legal entity, (company) represents a substantial short-term savings program, the important thing is that the sale is effective and not fictitious.
The laws of the European Community allow citizens belonging to member states to adopt any lawful behavior aimed at bringing a tax advantage to themselves or to the companies they represent.
Therefore, the in Bulgaria has innumerable advantages, not least to offer good protection against foreclosures and executive actions.
In the 1 photo below the comparison of the costs of the registration of vehicles between Italy and BULGARIA of the smallest car model sold in Italy in 2014, (Fiat panda).
In the 2 photos below the cost comparison the registration of vehicles between ITALY and BULGARIA with two high-end (audi 6) and luxury (bmw x 6) models in 2016.registration of vehicles
Driving a car with a Bulgarian license registered to a foreign company has innumerable technical and economic advantages
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Frequently asked questions
Is it possible to register a car with a natural person if it is bought abroad?
Yes, but it is mandatory to change the license plate with the country of residence within the terms established by the national law in which you reside and live.
And if I continue to drive with the vehicle after this deadline?
The vehicle would be seized in the event of infringement.
Can the asset be attached in the time frame indicated?
You can be distrained, but the procedure is international.
Can I sell my car to a foreign company, also established by myself?
Absolutely yes, as long as the sale is real and with the passage of money as per law in order to NOT be fictitious.
If I set up a foreign company and have cars registered to the company, can they be the victim of a foreclosure?
Even though it might NOT be an easy procedure to implement it is possible but NOT with a direct action, and this guarantees the times necessary to the administrator to operate all the appropriate solutions to protect the corporate assets.
What are the vehicle insurance costs?
For cars considered Luxury (from 3500 cc up to 6000 cc) the price difference can be even 10 times lower, for smaller cars (1000 cc up to 2000 cc) the cost is usually about 3 or 4 times lower than the Italian one (the highest in Europe).
What are the costs of the circulation stamp?
Until the European stamp comes into effect (we are talking about 2022/24) the difference is also in this case of more than 30% in smaller cars and up to 10 times if we consider the addition of the super stamp for LUXURY car in the Italian state.
Can I move freely if I drive a car headed for a foreign company?
Yes, if you have demonstrable social relationships with the company (employee, collaborator, agent, partner, administrator)
Can I have a stranger drive the car?
With your presence in the car in the event of checks by the forces of the Order, you must nevertheless consider that the guidance of persons unrelated to the company could cause you to run into problems with insurance in the event of accidents, especially if serious.ù
If I take a traffic fine how should I behave?
DO NOT pay it exposes you to forced recovery actions, which is already mentioned are NOT easy to apply, especially for small and medium amounts.
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