Cyprus-Forum.com

by **mrterrific** » Sun Jul 17, 2005 5:28 pm

Used cars seem kinda pricey in Cyprus. Would it be worth my while trying to import my car from the UK? I've heard a few horror stories relating to this - but mostly from second hand sources.

Thanks.

by **Svetlana** » Mon Jul 18, 2005 8:20 am

If you are coming here to work, do not import your car, if you are retiring and have owned the vehicle for over 6 months, it is slightly different it will not be subject to Duty although registration fees can be high . However, if you subsequently try to resell it, there may be a significant Duty liability - especially if it has a large engine.

Lana

by **mrterrific** » Mon Jul 18, 2005 12:01 pm

Thanks for the reply. I'm not retiring, but will continue to work in the UK/Europe. My wife may work in Cyprus, but the car won't be registered in her name. Do you know how I can find out the registration fee, and any other information on this?

Thanks again.

by **Svetlana** » Mon Jul 18, 2005 12:08 pm

What engine size? Then I will calculate Duty and Registration, also how old?

Lana

by **city** » Mon Jul 18, 2005 6:16 pm

Wow Lana, it seems again you know everything! All this paperwork and legal stuff! Respect.

by **mrterrific** » Mon Jul 18, 2005 7:12 pm

Thanks for the response,

2500cc, 1998.

Thanks again.

by **Svetlana** » Tue Jul 19, 2005 9:02 am

Hi City

I run a business here - and as a foreigner that is not always the easiest thing in the the world, as you can imagine.

A Cypriot friend had his two offices bombed last Thursday - I thought this was usually reserved for inter gang warfare in Limassol!

A British storage/moving company had its store building burnt down in an arson attack, three weeks ago.

I have many Cypriot friends, but when it comes to business, 'Queensbury Rules' get forgotten!

So, to get back to the point (!!) to survive and thrive here it is esential to be better than everybody else and that means knowing quite a bit about quite a lot!

Lana

by **Svetlana** » Tue Jul 19, 2005 9:18 am

Hi Aidy

IF you have to pay Import Duty on your car it would be:

£13,700 x 4/10 = £5,480 x 1.15 (VAT) = £6302

(£13,700 is the normal Duty, 4/10 as your vehicle is 6 years old and Duty is subject to a 10 year straight line depreciation), VAT is 15%.

Registration will be £1,500 and road tax about £260 ish.

Lana

by **mrterrific** » Tue Jul 19, 2005 1:07 pm

Blimey!!!! No wonder the Cyprus car sales industry can charge so much.

by **mrterrific** » Tue Jul 19, 2005 1:11 pm

Do similar registration fees apply on cars bought in Cyprus?

Cheers.

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