Using an IBC to Own International Real Estates
IBC or the International Business Corporation is another name for an offshore company that has been formed under various laws and is supposed to be a tax free company. IBC's cannot do business in the same jurisdiction in which it was formed. There are various offshore jurisdictions, who have allowed formation of IBC's and these include Anguilla, British Virgin Islands, Bahamas, Antigua, Nevis and Gibraltar. Having an IBC has its own advantages although these vary according to the jurisdiction like:
International Real Estates
IBC have corporate tax exemptions, and stamp duty exemption. These advantages are applicable only if the IBC is not involved in any local business from that particular jurisdiction. Only the company registration tax is payable.
As an IBC, you will have a wide range of corporate powers to exercise in various activities and business ventures.
The IBC will also be able to issue shares in bearer form or registered form.
IBC's incorporated in offshore location can be used to own real estate property. As is known, owning real estate has always been and still is a great investment option because it always appreciates in value. If you use an IBC to own real estate, then you will end up saving quite a significant amount in Transfer taxes and Stamp Duties. This can be done by making a transfer of shares of the IBC to a third party or purchaser. This is much better than transferring the title to the real estate. This helps to keep the IBC or the nominal owner unaltered although the beneficial ownership in the IBC would be changed.
When real estate is owned by an IBC and not an individual, then in such a scenario a vendor who wishes to sell the property will be selling the company shares and not the physical property. This is a legitimate way of avoiding capital gains tax. This also helps in avoiding inheritance tax in some cases. Another advantage of buying real estate using an IBC is that in certain jurisdictions it is easier to sell through transfer of company shares rather than transferring the company owned real estate property. One more advantage is that it facilitates the process by which several individuals can own a part of the interest accrued by the property, without being the actual owner of the real estate property.
If you use an IBC to own real estate in an offshore location then your investment is going to be safe. Most offshore jurisdictions have strong security and privacy laws for IBC's and there is no way anyone can file for a claim of your property. Your real estate property will be under asset protection program in that particular jurisdiction. This is much required as the world today is surrounded by an environment that creates and facilitates taxes, lawsuits, taxes, and financial risks, which can take away your property. After all at the end of the day, it your hard earned money that you have invested in buying real estate. So using IBC to own offshore real estate is the most economically and strategically viable option.
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International Real Estates
IBC have corporate tax exemptions, and stamp duty exemption. These advantages are applicable only if the IBC is not involved in any local business from that particular jurisdiction. Only the company registration tax is payable.
As an IBC, you will have a wide range of corporate powers to exercise in various activities and business ventures.
The IBC will also be able to issue shares in bearer form or registered form.
IBC's incorporated in offshore location can be used to own real estate property. As is known, owning real estate has always been and still is a great investment option because it always appreciates in value. If you use an IBC to own real estate, then you will end up saving quite a significant amount in Transfer taxes and Stamp Duties. This can be done by making a transfer of shares of the IBC to a third party or purchaser. This is much better than transferring the title to the real estate. This helps to keep the IBC or the nominal owner unaltered although the beneficial ownership in the IBC would be changed.
When real estate is owned by an IBC and not an individual, then in such a scenario a vendor who wishes to sell the property will be selling the company shares and not the physical property. This is a legitimate way of avoiding capital gains tax. This also helps in avoiding inheritance tax in some cases. Another advantage of buying real estate using an IBC is that in certain jurisdictions it is easier to sell through transfer of company shares rather than transferring the company owned real estate property. One more advantage is that it facilitates the process by which several individuals can own a part of the interest accrued by the property, without being the actual owner of the real estate property.
If you use an IBC to own real estate in an offshore location then your investment is going to be safe. Most offshore jurisdictions have strong security and privacy laws for IBC's and there is no way anyone can file for a claim of your property. Your real estate property will be under asset protection program in that particular jurisdiction. This is much required as the world today is surrounded by an environment that creates and facilitates taxes, lawsuits, taxes, and financial risks, which can take away your property. After all at the end of the day, it your hard earned money that you have invested in buying real estate. So using IBC to own offshore real estate is the most economically and strategically viable option.
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