Property Tips

Overseas Property | Handy Tips To Save You Money

Overseas property: 5 reasons to invest using an offshore company and it’s advantages

A concise explanation of the many advantages of owning an overseas property with an offshore company, including handy tips to save you money, follow.

Investing in overseas properties has long been a favorite option for wealthy investors. You too can own a villa in Dubai, France, Spain, Cyrus, Greece or even Thailand!

Please invest 2 minutes of your time to watch the overseas property video below. It spells out how you can benefit. Or if you prefer to read, then feel free to skip the video and go straight to the text below:

 

Overseas property: Get a free quote now by filling in the box on the right and discover handy tips to save money

As the real estate boom spreads to new regions, especially in the emerging economies like United Arab Emirates, Bulgaria, Brazil and China, overseas properties offer new vistas of investment even for those with modest wealth.

The number of people looking at this option is growing exponentially.

You can buy a private holiday apartment or house in an exotic, foreign place to play golf and relax under the sun to your heart’s content!

Or you could choose land for commercial purposes. Or perhaps you are a professional developer interested in deals and marketing to make more money in another currency.

Offshore companies which are relatively inexpensive to establish have highlighted a way forward in structuring investments in overseas properties for these new real estate investors.

Overseas properties are being easily acquired, registered and managed by using an offshore company as the owner.

This article elaborates on why and how overseas properties can be owned by you via an offshore company.

Overseas Property | Handy Tips To Save You Money

Varal Team Member

Overseas property: Get a free quote now by filling in the box on the right and discover handy tips to save money

Overseas property: 5 reasons for owning overseas property

1. Property ownership restrictions in your home country can be overcome legally

  • In many countries, there are restrictions to investing in real estate abroad. An offshore company helps to avoid this problem
  • If you form an offshore company, with you as the shareholder, which will own the overseas property you wish to buy, then effectively you are not the direct owner but you control that overseas property
  • It is important to remember that an offshore company register is confidential and cannot be viewed publicly so your ownership of the offshore company is totally confidential
  • However, offshore company registration authorities may reveal the identity of the shareholders if there is a criminal investigation request from governments
  • Most international property sellers are willing to register the property in the name of an offshore company. You may be well advised to check this, specifically in your case

Overseas property: Get a free quote now by filling in the box on the right and discover handy tips to save money

2. Transfer of ownership is easier, quicker, more flexible, confidential and cheaper

  • Most overseas properties are investments to be sold or passed down to your descendants
  • You can carry out this by making a sale deed or a will
  • When you own an overseas property via an offshore company, selling it is easier and cheaper. All you need to do is sell all the shares of your offshore company to the new owner
  • This way you sell your company owning the overseas property and not the property itself
  • The new owner also has the flexibility of dividing the ownership into two or more new owners
  • Selling your company is quicker and cheaper than selling the property. If you had owned the overseas property directly in your name and sold it, it would have meant a costly process of stamp duty for transfers and registering the property in the name of the new owners

This involves several government departments in the country where the property is located, resulting in many delays and high charges

  • On the other hand, when you sell the offshore company, only the offshore registration authorities are involved. Overseas property ownership remains unchanged in the records
Overseas Property | Handy Tips To Save You Money

Varal Team Member

Overseas property: Get a free quote now by filling in the box on the right and discover handy tips to save money

3. Overseas property ownership remains confidential

  • You may not choose to own an asset like an overseas property in your name for the purposes of confidentiality
  • Making use of nominee services can make an offshore company’s ownership even more private. Nominee services allow you the freedom to control an offshore company without actually owning it on record
  • Your offshore Corporate Service Provider [CSP] or agent will provide a corporate entity to act as a nominee shareholder and director on your behalf
  • The nominee will grant you all the legal rights to your company and hence the property is registered to you by a special power of attorney. This power allows you to deal with the property and sell your company any time you want

4. An offshore company can be a convenient recipient of the income from the overseas property

  • Very often your overseas property generates rental income that may be difficult or inconvenient to receive in your own name
  • If you own the property in the name of an offshore company, then it becomes easy to open a bank account in the country of the offshore company location or if possible in the country where the overseas property is located

Overseas property: Get a free quote now by filling in the box on the right and discover handy tips to save money

5. Overseas property can have more than one owner

  • If you would like to have partners to own an overseas property, then it is possible and may be cheaper to do so via an offshore company
  • The offshore company can own the property fully and the partners can own the offshore company partly in shares
  • The partners can give a power of attorney to one of them to do management of the property on their behalf

Overseas property: Advantages

  • The property is safe
  • Securely owned
  • Easy to sell
  • Confidential

Acquiring the property through an offshore company is possible by choosing the right jurisdiction and right CSP agent who can complete all the formalities for you and offer the right advice.

These agents will guide you through the process, ensuring you find and buy your dream place at the right price. They can help you organize insurance and loans via email and the internet.

It is possible to own a dream home anywhere in the world you may choose like Dubai, Singapore, Malaysia or in Europe like Italy, Portugal and Germany with all the financial benefits.

Overseas Property | Handy Tips To Save You Money

Varal CEO

Overseas property: Get a free quote now by filling in the box on the right and discover handy tips to save money

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Property Tips was last modified: June 8th, 2019 by Manu Raj

Manu Raj

Has a positive attitude towards the job, is friendly and a team player.

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