5 Reasons To Own

Offshore Companies Formation | 5 Reasons To Own Overseas Property Via An Offshore Company

Offshore companies formation: Who must own your overseas property, You or your offshore company?

Offshore companies formation: Investing in overseas properties has long been a favorite option for the wealthy investors.

Please invest 2 minutes of your time to watch the offshore companies formation 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:

 

 

Offshore companies formation: Get a free quote now by filling in the box on the right and discover the reasons for owning a property overseas

As the real estate boom spreads in new regions, especially in emerging economies, overseas properties offer new vistas of investment even for those with modest wealth.

Offshore companies, which are relatively inexpensive to set up, have shown a way forward in structuring investments in overseas properties for this modern day 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.

Offshore companies formation: 5 Reasons why you must own your overseas property via offshore companies

1. Offshore companies formation: Restrictions in home country can be overcome legally

In many countries, there are restrictions to investing in real estate abroad. An offshore company helps in addressing this issue.

If you form an offshore company with you as the shareholder, your offshore company can own the overseas property.

So effectively you control the interest in the overseas property.

It is important to remember that an offshore company register is confidential and not a public record. So your ownership of the offshore company will not be known to the public.

However, offshore company registration authorities reveal the identity of the shareholders if there is a criminal investigation request from governments.

Most overseas 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.

Offshore companies formation: Get a free quote now by filling in the box on the right and discover the reasons for owning a property overseas

2. Offshore companies formation: Transfer of ownership is easier, quicker, more flexible, confidential and cheaper

Most overseas properties are investments meant to be sold or passed down to descendants.

You can accomplish this by making a sales deed for your shares in the offshore company. You can also make a will for your shares.

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 the offshore company to the new owner. This way you sell the company owning the overseas property and not the property itself.

In this case, the new owner also has the flexibility of dividing the ownership into two or more new owners.

Had you owned the overseas property directly in your name and sold it to others it would have meant a costly process of stamp duty for transfer and registering the property in the name of the new owners.

This would involve several government departments in the country where the property is located resulting in delays and charges.

When you sell the offshore company, only the offshore registration authorities are involved. So the overseas property ownership remains unchanged in official records.

Offshore Companies Formation | 5 Reasons To Use Offshore Company

Al Nahda

Offshore companies formation: Get a free quote now by filling in the box on the right and discover the reasons for owning a property overseas

3. Offshore companies formation: Overseas property ownership remains confidential

You may not want to own an asset like your overseas property in your name for purposes of confidentiality. Your best option is to acquire the property in the name of an offshore company. An offshore company’s ownership can be made even more confidential by making use of nominee services.

Nominee services allow you the freedom to control an offshore company without actually owning it on official records.

Your offshore company registration agent will be able to provide nominee director or shareholder services to you. The nominee will, in turn, give you a special power of attorney granting you all rights over the company and its properties.

This power allows you to deal with the property and also sell the company any time you want.

4. Offshore companies formation: Offshore company can be a convenient recipient of the income from the overseas property

Very often your overseas property generates income by way of rent which 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, or if possible, in the country where the overseas property is located. Rent income can go into the bank account owned by the offshore company thus keeping the income confidential.

Offshore companies formation: Get a free quote now by filling in the box on the right and discover the reasons for owning a property overseas

5. Offshore companies formation: 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 the management of the property on their behalf.

Thus, owning overseas property via an offshore company has many advantages.

The property is safe, securely owned, easy to sell and confidential.

Making an offshore company to acquire the property is possible by choosing the right jurisdiction and the right offshore company registration agent who can complete all the formalities for you.

Offshore Companies Formation | 5 Reasons To Use Offshore Company

Fujairah

Offshore companies formation: Get a free quote now by filling in the box on the right and discover the reasons for owning a property overseas

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5 Reasons To Own was last modified: June 8th, 2019 by Manu Raj

Manu Raj

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