free zone company: importing a car tax free

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claudius_2k

New member
Apr 10, 2003
72
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Hi, sorry to ask a lot of questions, I was told that from a free zone company you can import cars tax free (cars or whatever once is declared and approved), but is there any "fine print" ? I mean, maybe the car has a restricted use, or you cannot sell it, or something,

thanks in advance
 
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Roberto284

New member
Jul 2, 2004
89
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tax free

the car must be a part of the company and for use strictly by it..

you cannot bring it thru the company and change your name right after ....

its the law ... but i think it has been broken more than one time

i read something like this on the newspapers

Robb :glasses:
 
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GringoCArlos

Retired Ussername
Jan 9, 2002
1,416
40
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The only vehicles that can be imported by a Free Zone company that are not charged the import duty are vehicles to be used for employee transport, and they must have seating for a minimum of 12 (?) passengers, which excludes passenger cars, SUV's, etc.

The good news though is that a Free Zone company does not have to pay the 16% ITBIS on an automobile purchase, as long as the company owns the vehicle for at least 5 years. If the period of ownership is less than 5 years, the ITBIS must then be paid.

Suerte.
 
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