Saturday, October 24, 2009
Discovery/Investment Tour
-Timing is Everything!
Last summer I announced that Roatan Real Estate would start a new program,
the “Discovery Investment Tour”. These are a great option for people who
wonder if this island is the right place for them. People who are
considering a vacation home, or maybe a retirement residence or maybe just
for an investment. These tours are a very positive way for you to spend a
great week on a tropical island, be part of a group of people who are also
wondering if this is the place for them and have a complete package of
information and qualified experts to answer any question you may have. This
type of tour has experts from all venues; an Attorney, Title Insurance
Personnel, Ex-Pats who have made the move before you, an Accountant, and
others. No pressure, no stress, just a great time on a tropical island for
you to get every question answered.
Well as luck would have it, we scheduled one soon after the economic trauma
worldwide. Obviously not much we could do with that one except maybe plan
another. We did and wham, political events. We canceled. Well now it is time
to plan ahead. They say third time is the charm. February 22, 2009 is the
date we have set for the next one. It basically is the perfect time of the
year for this. Winter is brutal north of the Mason/Dixon line, the holidays
are over, it is absolutely gorgeous here. Add in that Valentines Day is the
week before and we are set for the PERFECT time of the year for this.
We basically arrange everything for you on this end except the flight. You
will have complete freedom to enjoy and learn. Go here for an overview of
the tour - http://roatan-realestate.com/roatan-investment-tours.php If
you have questions feel free to contact us at realty-inquiries@roatan-realestate.com Plan ahead folks, this is the perfect trip at the perfect time of year. What is the worst case scenario a great week on a tropical island basking in the sun and getting away from the winter? Sounds pretty good to my. How about you?
Last summer I announced that Roatan Real Estate would start a new program,
the “Discovery Investment Tour”. These are a great option for people who
wonder if this island is the right place for them. People who are
considering a vacation home, or maybe a retirement residence or maybe just
for an investment. These tours are a very positive way for you to spend a
great week on a tropical island, be part of a group of people who are also
wondering if this is the place for them and have a complete package of
information and qualified experts to answer any question you may have. This
type of tour has experts from all venues; an Attorney, Title Insurance
Personnel, Ex-Pats who have made the move before you, an Accountant, and
others. No pressure, no stress, just a great time on a tropical island for
you to get every question answered.
Well as luck would have it, we scheduled one soon after the economic trauma
worldwide. Obviously not much we could do with that one except maybe plan
another. We did and wham, political events. We canceled. Well now it is time
to plan ahead. They say third time is the charm. February 22, 2009 is the
date we have set for the next one. It basically is the perfect time of the
year for this. Winter is brutal north of the Mason/Dixon line, the holidays
are over, it is absolutely gorgeous here. Add in that Valentines Day is the
week before and we are set for the PERFECT time of the year for this.
We basically arrange everything for you on this end except the flight. You
will have complete freedom to enjoy and learn. Go here for an overview of
the tour - http://roatan-realestate.com/roatan-investment-tours.php If
you have questions feel free to contact us at realty-inquiries@roatan-realestate.com Plan ahead folks, this is the perfect trip at the perfect time of year. What is the worst case scenario a great week on a tropical island basking in the sun and getting away from the winter? Sounds pretty good to my. How about you?
Labels: Caribbean Islands, Honduras, Real Estate Investment, retirement Homes, Roatan, Roatan/Retirement/Caribbean, Tropical Caribbean - Roatan Bay Islands
Thursday, February 05, 2009
Roatan Honduras Taxes Offshore
-Tax Time
Both here and there it is time to start thinking about taxes. Many times real estate people will talk about forming an Honduran corporation when purchasing property here. It originally was thought of in regard to the original law in 1991 allowing foreigners to purchase property here in excess of .72, (3000 square meters) and was used as such. This widely used maneuver allowed a foreigner to become “Honduran” in the corporation was a Honduran entity. Although now it is also used by savvy Buyers for an advantage when selling, a way to purchase a property with part of it being owned by an IRA and part personally, and lastly to be wise in estate planning and elimination of taxes for the state in both countries.
What the real estate people sometimes fail to mention is that although setting up a Honduran Corporation is the right move more times than not, that with that set up also comes the responsibilities of owning that corporation. By that I mean legally the corporation is required to file it’s annual taxes, (due April 1st) and having an annual board meeting recorded by minutes. Now the reality of this is that you use the corporation for various present and future value but it is still a corporation. Just like where ever it is you come from, you need to do what you need to do. Most of the time you will really not have much for income if any at all, (e.g. buy a lot and it sits there for a year or buy a condo and property management it here), there normally is not a great deal of money or income to report, but the fact of the matter is that you still need to do it.
The chatter among the legal circles nowadays has been how DEI, (the Honduran version of the IRS), will be coming to the island to the Registry of corporations to check on, audit, all the corporations used to purchase land to see if people have been filing their taxes. If you have not to date, you need to.
I guess the bottom line is owning property here is not much different than owning property anywhere. There are property taxes to pay, taxes to file, things to keep up with.
Our company, which is a full service real estate company can, if you wish help out with this process. For those who have invested but do not visit regularly, we can help out with this process or other requirements like paying property taxes. We do this now for many of our clients and if you need us to give you a hand or need guidance feel free to email us and we will provide the details.
Both here and there it is time to start thinking about taxes. Many times real estate people will talk about forming an Honduran corporation when purchasing property here. It originally was thought of in regard to the original law in 1991 allowing foreigners to purchase property here in excess of .72, (3000 square meters) and was used as such. This widely used maneuver allowed a foreigner to become “Honduran” in the corporation was a Honduran entity. Although now it is also used by savvy Buyers for an advantage when selling, a way to purchase a property with part of it being owned by an IRA and part personally, and lastly to be wise in estate planning and elimination of taxes for the state in both countries.
What the real estate people sometimes fail to mention is that although setting up a Honduran Corporation is the right move more times than not, that with that set up also comes the responsibilities of owning that corporation. By that I mean legally the corporation is required to file it’s annual taxes, (due April 1st) and having an annual board meeting recorded by minutes. Now the reality of this is that you use the corporation for various present and future value but it is still a corporation. Just like where ever it is you come from, you need to do what you need to do. Most of the time you will really not have much for income if any at all, (e.g. buy a lot and it sits there for a year or buy a condo and property management it here), there normally is not a great deal of money or income to report, but the fact of the matter is that you still need to do it.
The chatter among the legal circles nowadays has been how DEI, (the Honduran version of the IRS), will be coming to the island to the Registry of corporations to check on, audit, all the corporations used to purchase land to see if people have been filing their taxes. If you have not to date, you need to.
I guess the bottom line is owning property here is not much different than owning property anywhere. There are property taxes to pay, taxes to file, things to keep up with.
Our company, which is a full service real estate company can, if you wish help out with this process. For those who have invested but do not visit regularly, we can help out with this process or other requirements like paying property taxes. We do this now for many of our clients and if you need us to give you a hand or need guidance feel free to email us and we will provide the details.
Labels: retirement Homes, Second homes, Vacation
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