We recently represented a real estate investor from Singapore in connection with the purchase of a condominium unit worth approximately $1 million. To provide the client with the tax structure it sought, the firm was able to establish a New York based entity owned by a newly formed British Virgin Islands offshore company. This structure addressed the client’s concerns about incurring estate tax liability. Both entities were formed by the firm. The individual brokers specializing in representing foreign buyers were Ricardo Mello and Anthony Guerriero of Manhattan Miami. This matter was handled by Pierre E. Debbas and Michael R. Feldman.
