Delaware LLC as Property owner

[bigsmoke]

Would it be practical to form a Delaware LLC as a non-US resident and then transfer the ownership of my houses from me to that delaware llc so i personally won't be liable for the property in my country anymore?

 

[aquarius]

That's an interesting question I have been considering as well. In addition I would then want to mortgage the property in order to reduce taxes.

 

[JohnLocke]

Some countries may have restrictions on ownership of property in their country, if that not apply in this case, some may have restrictions on who they want to sell to. In todays world then what theoretical can be done and what can be done in the real world may be very different.

A good idea would be to consult a local legal advisor to help you with such a transaction.

 

[Silvio]

Joining the question.

Note that such a transaction may require the company to "buy" the asset and will cost you a % transfer fee, depending on your country. That's why it is smarter to originally buy the asset using a company and then transfer the shares of the company to the Delaware LLC, for example.