US company owning an EU company owning an asset. Is the asset really protected?

[PinkCat]

I have an US c-corp which owns an EU country company which owns real estate in same EU country.
UBO is declared in EU country since it will be illegal not to and hard to get bank account otherwise.

If tomorrow someone (or the EU government) decides to sue me for whatever, is the real estate protected?
US and EU company don't have any real business activity other than holding the asset.
UBO lives primary in said EU country.

 

[CyprusLawyer101]

If the person suing you is aware of the asset, he will go after your‌ shares. So no real protection, other than potentially giving him a harder time by placing‍ a US LLC on top.

 

[PinkCat]

Well the "person" most likely to sue me is the EU country government which is‌ aware of the asset being UBO by me since they have a law to declare‍ it 🙂

 

[CyprusLawyer101]

If the real estate is in Cyprus, I can structure it invisible. If elsewhere I‌ have to check.

 

[PinkCat]

somebody else care to give his 2c?