Why should I own my property in an offshore Company?

Offshore companies are formed for doing all manner of property transactions. Real estate is particularly suitable for offshore companies. It simplifies ownership and is an excellent form of asset protection because it insulates the owner of the offshore company from any personal liability for example to persons who suffered any harm while occupying the property as tenants.

Also on subsequent sale of the property, there is only need for a simple share transfer rather than a complex closing involving transfer of ownership at the Government Land Registry. Ownership of the land remains in the name of the company, thereby reducing many of the costs on transfer.

It also simplifies the passing of the property to the children because only a simple share transfer needs to be prepared and signed or, alternatively, the shares of the company can be passed by preparing a simple Anguilla or Nevis will or trust.