Buy house via Seychelles company
Hi I have a Seychelles company with bank account in Switzerland. I would like to buy an apartment in Bulgaria through the offshore company in order to a) live there myself when in Bulgaria b) rent it out while not there.
1) Shall I buy and register the house via the Seychelles company (and pay by transferring directly from the Switzerland account to the owner). Or is it better to incorporate first a company in Bulgaria, which is fully owned by the offshore company, and then register (and pay for) the house via the Bulgaria company. The idea behind this would be to clip in an additional layer of privacy (not that I have to hide anything but I just want to keep away ownership from me personally as far away as possible). Am I exaggerating? What are your thoughts?
2) Are there any disadvantages buying via the Seychelles company directly? I could imagine Bulgarian authorities and bureaucrats are not used that an offshore company is buying a house.
3) An alternative would be to make an loan agreement with the Seychelles company (i.e. between the Seychelles company and me personally) and the buy/register the apartment on me personally. I guess ownership would still be the offshore as long as loan is not paid back (which never will be the case) and things may be easier when dealing with authorities. However privacy seems gone (e.g. in case I get married/divorced or being sued personally).
Any thoughts highly appreciated.
Hi I have a Seychelles company with bank account in Switzerland. I would like to buy an apartment in Bulgaria through the offshore company in order to a) live there myself when in Bulgaria b) rent it out while not there.
1) Shall I buy and register the house via the Seychelles company (and pay by transferring directly from the Switzerland account to the owner). Or is it better to incorporate first a company in Bulgaria, which is fully owned by the offshore company, and then register (and pay for) the house via the Bulgaria company. The idea behind this would be to clip in an additional layer of privacy (not that I have to hide anything but I just want to keep away ownership from me personally as far away as possible). Am I exaggerating? What are your thoughts?
2) Are there any disadvantages buying via the Seychelles company directly? I could imagine Bulgarian authorities and bureaucrats are not used that an offshore company is buying a house.
3) An alternative would be to make an loan agreement with the Seychelles company (i.e. between the Seychelles company and me personally) and the buy/register the apartment on me personally. I guess ownership would still be the offshore as long as loan is not paid back (which never will be the case) and things may be easier when dealing with authorities. However privacy seems gone (e.g. in case I get married/divorced or being sued personally).
Any thoughts highly appreciated.
