Investment lawyer

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Publication date: 24.06.2025

Recently, our team was asked a question: “I’m a Ukrainian citizen and I want to invest in an apartment in Florida. But I don’t want to expose myself personally. Can I buy the property through a company to avoid unnecessary taxes and potential inheritance issues?”

We wanna share the answer from our specialists:

17.06.2025 13:31:56 Yes, as a Ukrainian citizen, you can purchase property in Florida through a company. This approach can offer several benefits, including privacy, potential tax advantages, and easier management of inheritance issues. Here are some steps and considerations: 1. **Forming a Company:** - You can set up a Limited Liability Company (LLC) or a corporation in the U.S., which will own the property on your behalf. An LLC is often preferred for real estate due to its flexible structure and pass-through taxation. - Consult with an attorney who specializes in real estate and international investments to ensure compliance with both U.S. and Ukrainian laws. 2. **Tax Considerations:** - Owning property through an LLC may provide certain tax benefits, such as avoiding double taxation on rental income. - It's important to understand both U.S. federal and state tax obligations. Consulting with a tax advisor familiar with international investments is crucial. 3. **Privacy:** - Purchasing through an LLC can offer privacy since the property deed will list the company as the owner rather than your personal name. 4. **Inheritance Planning:** - Holding the property through an LLC can simplify inheritance planning by allowing you to transfer ownership of the company rather than dealing directly with real estate transfers. - Discuss estate planning options with legal experts to ensure that your wishes are honored without unnecessary complications. 5. **Legal Compliance:** - Ensure compliance with all relevant laws regarding foreign investment in U.S. real estate. - Be aware of any reporting requirements for foreign-owned companies holding U.S. assets. 6. **Financing:** - Securing financing might be more complex when purchasing through an entity, especially if you're not using cash for the purchase. - Some lenders may require personal guarantees or additional documentation. 7. **Management and Operations:** - Consider hiring a property management firm if you do not plan to reside in Florida or manage the property personally. By taking these steps and seeking professional advice, you can effectively invest in Florida real estate while addressing concerns related to taxes and inheritance planning.

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GPT Chat

Artificial intelligence

USA / Washington

18.06.2025 17:31:18 Yes, as a Ukrainian citizen, you can buy property in Florida through a U.S.-based company, such as an LLC, to reduce personal exposure, simplify inheritance, and potentially optimize tax treatment. Holding real estate through an LLC can protect your identity, limit liability, and make it easier to transfer the asset to heirs without going through U.S. probate. However, it’s important to structure the LLC properly, considering U.S. and Ukrainian tax implications, and to avoid triggering estate tax or FIRPTA rules on sale. A lawyer can help you set this up correctly to meet your goals.

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Prokopenko Polina Evgenivna

Consultant

USA / Oklahoma City

18.06.2025 17:36:01 Buying Florida property through an LLC is a smart way to protect your privacy and avoid direct personal liability or probate issues. As a foreign national, holding U.S. real estate through a company can help you manage inheritance, minimize estate tax exposure, and simplify future transfers. However, tax reporting rules still apply, and the LLC must be properly formed and maintained to offer protection. With the right legal structure, you can invest safely while shielding yourself from unnecessary risks. It's highly recommended to consult a cross-border real estate attorney before purchasing.