Dear Sir/Madam,
I'm writing you from Bulgaria. I'm interested to do export/import business between USA and Bulgaria. What I want to do is to export cars from USA and import in Bulgaria.
1. I think to form company in USA and to buy used cars from auto companies. Then I want to sell the same cars on small invoice amounts to Bulgarian company exporting it from USA and importing it to Bulgaria (in order to same taxes). I need to know can I do that without license (to buy used car and sell it to Bulgarian company) if not what is the license that I need and how much does it cost to have it. I need also to know if I can sell on small invoices. Let's say I buy a car for 35,000 USD from USA auto firm, I transfer the money to bank account of the auto firm and the car becomes my company ownership (like a firm car).
Then My Bulgarian company buy the same car for 10,000 USD and transfer 10,000 USD to the USA company bank account. I want to sell on lower invoices in order to save on import taxes because to import used car in BG I must pay : duty, excise duty and VAT and usually these taxes make the car 2 times the purchase price.
So I need a solution to go around these taxes. The way is with small purchase invoice and that's why I want to form that USA company (to buy from USA firms) and to sell for small invoices as the USA firms do not want to sell for small invoices but to get big amounts in their bank accounts as that's illegal. I do not want to do illegal things, I will sell the cars to Bulgarian company for the amount of the invoice. That means when I sell car for 10,000 usd from my USA company I will get in the bank account in USA 10,000 usd not more.
I look forward to hear back from you. If you can help me doing this and if this is possible then I'm interested to pay you for consultations and company formation and such.
I'm writing you from Bulgaria. I'm interested to do export/import business between USA and Bulgaria. What I want to do is to export cars from USA and import in Bulgaria.
1. I think to form company in USA and to buy used cars from auto companies. Then I want to sell the same cars on small invoice amounts to Bulgarian company exporting it from USA and importing it to Bulgaria (in order to same taxes). I need to know can I do that without license (to buy used car and sell it to Bulgarian company) if not what is the license that I need and how much does it cost to have it. I need also to know if I can sell on small invoices. Let's say I buy a car for 35,000 USD from USA auto firm, I transfer the money to bank account of the auto firm and the car becomes my company ownership (like a firm car).
Then My Bulgarian company buy the same car for 10,000 USD and transfer 10,000 USD to the USA company bank account. I want to sell on lower invoices in order to save on import taxes because to import used car in BG I must pay : duty, excise duty and VAT and usually these taxes make the car 2 times the purchase price.
So I need a solution to go around these taxes. The way is with small purchase invoice and that's why I want to form that USA company (to buy from USA firms) and to sell for small invoices as the USA firms do not want to sell for small invoices but to get big amounts in their bank accounts as that's illegal. I do not want to do illegal things, I will sell the cars to Bulgarian company for the amount of the invoice. That means when I sell car for 10,000 usd from my USA company I will get in the bank account in USA 10,000 usd not more.
I look forward to hear back from you. If you can help me doing this and if this is possible then I'm interested to pay you for consultations and company formation and such.
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