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Originally Posted by mystic one
Can an IBC a "foreign enity" own real estate in america.
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Sure. If memory serves, I think a large chunk of Hawaii is owned by various Japanese entities.
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Originally Posted by mystic one
IF so, how?? Most the time if you try to use a corporation to buy your properties. This takes it out of your "statutory name" and puts it in the "corporate statuary name" giving you some level of protection.
However as everyone knows even if you buy houses in a corporate name , corporate names still require a TIN instead of a SSN... So if you had a disgruntled person, they couldnt sue you, but they could still sue your corporation and take your property.....
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A corporation does not give an individual immunity from suit.
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Originally Posted by mystic one
It is often stated that Offshore companies are completely private and your name is not listed in any databases onshore.
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That's only true in a handful of countries.
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Originally Posted by mystic one
Would they just sue your IBC instead of and onshore "copration" and still take your assests. I wouldnt even know where to begin putting real estate in an IBC.. The corporation process is pretty straitfoward, but What identifiers do mortagage companies use for IBCS being that the IBC is tax exempt, since it is offshore..
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The IBC may or may not be tax exempt. This is an area where sound, legitimate professional advice is an absolute requirement before you wander off into an ugly tax evasion scheme.