real estate ownership transfer

[doingbusiness]

Hello,

I'm looking for a solution to transfer the real estate ownership to an offshore company.

The real estate is located in Croatia, EU. Current owner is a local company.


Thanks in advance !

 

[Milky Moon]

what do seek to accomplish with the transfer?

 

[doingbusiness]

I'm restructuring the company and possibly dissolving a part of it. I would like to keep the real estate safe and secure and no longer associated to the previous ownership.

 

[negon]

You really want to have a local lawyer by hand to help you with all of this. Authorities may refuse to accept this transaction if you don't have all legal documents available to confirm this to be a true transfer / business transaction that took place!

 

[doingbusiness]

I do have a local lawyer. I was wondering about the IBC / trust setup for this purpose.

 

[Martin Everson]

doingbusiness said:
I would like to keep the real estate safe and secure and no longer associated to the previous ownership.
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Will the UBO remain the same? If so then don't waste your time doing this.

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Please note my posts should not be taken as financial or tax advice. Please seek professional advice in that respect.

 

[doingbusiness]

For example, UBO could be a Cyprus Ltd owned by a Belize holding Ltd. Any thoughts ?

 

[negon]

doingbusiness said:
For example, UBO could be a Cyprus Ltd owned by a Belize holding Ltd. Any thoughts ?
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That would work, definitely

 

[Martin Everson]

doingbusiness said:
For example, UBO could be a Cyprus Ltd owned by a Belize holding Ltd. Any thoughts ?
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I don't know Croatia law but if no bank account is needed for companies and land registry does not require a person as UBO then no issues. thu&¤#.

Just checkout any transfer taxes or stamp duty etc you may end up having to pay.

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Please note my posts should not be taken as financial or tax advice. Please seek professional advice in that respect.

 

[James Turner]

Yes you could create a Belize IBC and take ownership of the real estate using it. The transfer will need to be completed by a lawyer in Croatia who will advise you on any taxes etc. Essentially though it can be done.

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