Shoring Up An Offshore Bricks and Mortar Investment
With Reuters reporting that the Bank of England is suffering increased pressure to cut interest rates later this year, many British based investors are looking for a safer, more secure haven for their hard won investment capital. With the bottom having fallen out of the UK housing market for the time being, the British currency taking a hammering and overall economic concerns dragging the FTSE down as well, increased numbers of sagacious investors are looking overseas, and indeed offshore, for the best investment options.
Even British resident and domiciled investors who reside onshore in the UK – and who are therefore subject to British taxation on global income and gains – are finding that there are offshore investment options open to them that could prove potentially highly profitable. The Caribbean island of Isla Margarita, which physically lies off shore from Venezuela, is a specific location where investors are now discovering that there are offshore investment opportunities in a potentially highly lucrative property investment project.
The project in question is called the Caracola Beach & Spa Resort, and it’s being developed specifically with international investor interest in mind. Located on Venezuela’s offshore island of maximum tourism potential, the development is prime location, front line, high grade and epitomises everything one looks for in terms of a potentially highly lucrative property investment asset. And in addition to the obvious appeal of Caracola from a rental return and base underlying price appreciation angle, the sale of units within the development to overseas investors has been structured in a taxation and financially advantageous package.
As an investor at Caracola one is buying an offshore property investment asset; the company behind the creation of the resort and the concept of its investment potential has created a watertight structure for the tax efficient and secure sale, profit realisation and resale of apartment units at Caracola. Investors purchase their property assets through an individually owned offshore company in the form of a Wyoming Limited Liability Company (LLC). The benefits and advantages to the investor of purchasing in this way are manifold and yet simple.
Mark Andrew, the Managing Director of Emerging Earth, the company behind the marketing of this exceptional opportunity explains: “the use of a Wyoming LLC allows the purchasing investor to legitimately avoid local income, land registry and capital gains taxes. What’s more, it ultimately makes the sale of property assets easier as the investor sells the shares of their company rather than the physical property that the company owns, thus legitimately avoiding local exchange controls which can otherwise hinder the remittance of investment profits abroad to the investor’s country of choice. By using an offshore company to purchase your offshore property assets on Isla Margarita therefore, you can transfer income and profits to any destination you choose, and because a Wyoming LLC is truly an offshore company, it is not liable for any taxes anywhere in the world. The final benefit is that Wyoming LLCs provide complete anonymity to company owners and beneficiaries as they do not have to publish details of ownership, membership or even trading activity.”1
From the outset the creation of the Caracola Beach & Spa Resort has been driven by its ultimate investment potential. Therefore not only have the developers placed every effort into the creation of a stunning resort style paradise on the sun caressed shores of the beautiful Caribbean island of Isla Margarita, they have ensured that the sale, rental and resale of all units within the resort are fully optimised to be 100% tax efficient and to provide investors with the very best and most acute profit potential.
The resort itself comprises of 1 and 2 bedroom, fully furnished, spacious and air conditioned apartments which are for sale from €79,000/ £63,000 and which come with a guaranteed net rental return of 7% per annum for 10 years. The resort is located in a front line position to ensure that apartments have the best Caribbean views and access to the beach, and onsite the amenities are five star, comprising as they do of restaurants, bars, swimming pools, chill-out areas, a spa, gymnasium, beauty salon, high end retail outlets and beautifully landscaped gardens. So not only is this prime investment of maximum profitability potential given its low starting prices, prime location and five star status, but it comes with rental guarantees for 10 years, it is SIPP qualifying and it allegedly offers tax efficient, secure freehold ownership options to investors. For more information, please contact Emerging Earth on 0845 604 1208, email team@EmergingEarth.com or visit www.EmergingEarth.com
1 This information relating to the perceived benefits of a Wyoming LLC and purchasing property through such an entity is directly taken from the information supplied by Emerging Earth, however British resident and domiciled investors who have a reporting liability to HMRC are advised to contact HMRC or the FSA for advice.