You need to register the van under a company. In the past no need. when van such as Kangoo and Caddy were introduced, the road was flood with such vans. As such, LTA regulated a rule for van need to be registered under company name.Originally posted by zenixth:Hi,
Anyone owns a van here but uses it as a personal vehicle for transport rather than transporting goods? For e.g., Renault Kangoo, Opel, etc?
Any ideas how to own one? I heard one must register a company first? Is that all? I can't seem to find any articles in this forums on this.
Pls advise.
Thanks.
Just need to register a company? That's all? Even the company is not doing anything at all?Originally posted by flash9933:You need to register the van under a company. In the past no need. when van such as Kangoo and Caddy were introduced, the road was flood with such vans. As such, LTA regulated a rule for van need to be registered under company name.
I'm not sure about the implication of registering a company. Since you register a company, wouldn't the company subjected to income tax and declaration of business related fees? You can check with the Registry of Companies and Business.Originally posted by zenixth:Just need to register a company? That's all? Even the company is not doing anything at all?
Nope, they need you to show them what the van use for in your coy; say delivery, you need to show them the contract, order or invoice things like this.Originally posted by zenixth:Just need to register a company? That's all? Even the company is not doing anything at all?
Originally posted by zenixth:Hi,
Anyone owns a van here but uses it as a personal vehicle for transport rather than transporting goods? For e.g., Renault Kangoo, Opel, etc?
Any ideas how to own one? I heard one must register a company first? Is that all? I can't seem to find any articles in this forums on this.
Pls advise.
Thanks.