peteuk

Hi Jude,

I’ll be interested to see how this goes for you as I’m in the early stages of organising something similar myself.

One of my friends moved to North East Brazil a while back and he’s been buying up small plots of land in an up and coming area with a view to either developing them or selling them on at a later date.

The returns are similar to Bulgaria.

I was chatting to him on the phone about putting together an investment opportunity using pooled funds with a 12 - 24 month time frame and he’s giving it some serious thought.

If the funds are pooled into an IBC and bank account, then only the offshore entity is dealing with the land agents, solicitors etc. Once the deal is closed and profit realised the company can then divi out the returns to all the investors.

I think the only requirement would be for the IBC to demonstrate it had made an effort to, “Know their customer.” If the company is incorporated somewhere like Belize, then it will be able to operate tax free. The individual investors will be responsible for declaring their own gains for tax purposes.

I can’t see why it should be any more complicated than that.


Regards,

Pete