Commercial Vehicles need to register company?

• ah_suaiz

  5 Jun 07, 00:16

  hi all,
  
  i am interested to buy commercial vehicles such as Renault kangoo, Opel Combo etc.....
  
  but i heard it is compulsory to register the vehicle under a company name. is that correct.
  
  i had heard of many rumours that ppl are actually registering a company for the sake of buying the vehicle. how true is that?
  
  is there any penalty incurred on the driver if he is found out? how tedious is it to fill up those annual income tax form if you own a company. will there be any penalty if u report $0 as income for your company?
  
  appreaciate any advice on this matter. thanks.......
• ^tamago^

  5 Jun 07, 00:33

  Originally posted by ah_suaiz:

  hi all,
  
  i am interested to buy commercial vehicles such as Renault kangoo, Opel Combo etc.....
  
  but i heard it is compulsory to register the vehicle under a company name. is that correct.
  
  i had heard of many rumours that ppl are actually registering a company for the sake of buying the vehicle. how true is that?

  yes. true.