Hi everyone
I have been a passive viewer of this forum for a little while now and have been pretty impressed with the calibre (and straightness) of the advice given.
I am 100% owner of a Belize registered company that in turn is the registered owner of a property in London. The property in question was my family home and my father set up the company in my name before he died - as such, I never had the need for bank account for the company until now that I need to sell the property.
Long story short, it has so far been impossible for me to open an account for the Belize entity remotely (probably doesn’t help that I am so clueless about this stuff); but tbh it has got to the point that I am considering bringing everything back onshore - but again - I am not sure what the best way of going about this would be.
My initial thoughts were to open a U.K. Ltd company and transfer the ownership of the Belize shares to the U.K. company; and then wind down the Belize entity and transfer the asset to the U.K. company - but I have no idea if that is viable or how I would go about doing that.
I haven’t sought professional guidance as yet, as I’m not exactly flush at the moment (hence needing to sell the house) and Im really not sure what I should be asking them for.
no idea if the above makes any sense, any advice would be greatly appreciated.
Fez
I have been a passive viewer of this forum for a little while now and have been pretty impressed with the calibre (and straightness) of the advice given.
I am 100% owner of a Belize registered company that in turn is the registered owner of a property in London. The property in question was my family home and my father set up the company in my name before he died - as such, I never had the need for bank account for the company until now that I need to sell the property.
Long story short, it has so far been impossible for me to open an account for the Belize entity remotely (probably doesn’t help that I am so clueless about this stuff); but tbh it has got to the point that I am considering bringing everything back onshore - but again - I am not sure what the best way of going about this would be.
My initial thoughts were to open a U.K. Ltd company and transfer the ownership of the Belize shares to the U.K. company; and then wind down the Belize entity and transfer the asset to the U.K. company - but I have no idea if that is viable or how I would go about doing that.
I haven’t sought professional guidance as yet, as I’m not exactly flush at the moment (hence needing to sell the house) and Im really not sure what I should be asking them for.
no idea if the above makes any sense, any advice would be greatly appreciated.
Fez
