B25 wrote:bill cobbett wrote:miltiades wrote:Kikapu wrote:miltiades wrote:I drive a Jaguar here in London, I think is an S type !!!
Usually when in Cyprus I hire from the same firm at a cost of 20 euros daily, not bad really but 7 -8 times a year and you have spent 1000 euros.
Does that mean you will buy your own plane also?
Thought about it but I can't fly!!!
I have looked at some Cyprus car prices and I think for 3-4 thousand I can get a good little car in the UK and ship it out!
Milti... Beware the massive excise duties and the cost of registering a car in CY.
Have you looked into registering for Residency in CY so that as an EU citizen you'll be able to reclaim this hideous amount of excise duty charged when importing a car... as long as you've owned it for a few months. ...???
Bill, there is no such reclaim. Depending on the car and the emmissions duty is accordingly.
Registration €150, mot €35, shipping, clearing, dock fees about €1000 then whatever the duty is plus road tax.
Not forgetting the agrro factor.
By comparison, you could get a mazda demio 2012 auto for around €8000, pr a ford focus manual 2010 for around €6000. Is it worth the bother?
Anyway good luck
B25
Well, in the case of small cars it prob isn't worth it... but our Milti would really prob prefer a more prestigious motor.
There is an exemption for foreign EU Nationals who transfer their Residency to CY.
This from the CY MOF ...
"... TRANSFER OF NORMAL RESIDENCE
Exemption from excise duties is granted for personal property, including a vehicle, imported permanently from another member state by private individuals transferring their normal residence in the Republic.
Exemption is granted for one vehicle only per person, who must be holder of a valid driving licence.
2
(i) Prerequisites in respect of the vehicle
− Possession and use of the vehicle by the person concerned at his former normal place of residence for a minimum of six months before the date of transfer of his normal residence in the Republic.
− Acquisition of the vehicle under the general conditions of taxation in force in the member state from which it is transferred and which is not the subject, on the grounds of exportation, of any exemption or any refund of import or excise duty or VAT.
− The vehicle must be transferred to the Republic not later than 12 months from the date of transfer of the normal residence. ... "
http://www.mof.gov.cy/mof/Customs/custo ... penElement
