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WEBSITE UNDER DEVELOPMENT
- OR00140
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Broker Name
Contact the Broker
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Contact Number+639209228090
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Email Addressroberto.narciso@acquirebusiness.ph
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Broker Office LocationOrtigas
Co-Broker Name
No co-brokers assigned to this listing.
About this Business
This company was set up in the British Virgin Islands (BVI)(*) in 2015 as a real estate holding company. It has no operations or functioning commercial business and does not have any employees. It also does not have an active bank account. Its main reason for existence is to own and hold one (1) high-end, multi-story penthouse condominium with several parking units.
Included in the sale are:
A. CORPORATE DOCUMENTS:
• One (1) share certificate for 100% ownership of this BVI holding company with BVI Company Number 1855323
• Certificate of Incorporation issued by the Registrar of Corporate Affairs of the Territory of British Virgin Islands
• Memorandum and Articles of Association of the BVI holding company in accordance with The BVI Business Companies Act of 2004
• BVI Register of Members
• BVI Register of Directors
NOTE TO BUYER: Seller paid BVI maintenance fees for period Oct 2024-25 @ P253k inclusive of lawyer’s service fees
B. REAL-ESTATE ASSET:
• A fully-furnished, high-end, multi-story penthouse condominium unit with three (3) parking units
(**) located in the Ortigas Center CBD area; List of furnishings and appliances to be provided by Owner
• Separate Condominium Certificate of Titles (CCTs) in the name of the BVI holding company for the condominium unit and all the three (3) parking units
• Updated Real Estate Tax (RET) payments as of end-2024 for the condominium unit and all the parking units (i.e. P185.6k)
• Updated condominium dues payments and utilities payments as of end-2024 (i.e. P80k/mo.)
• Capital gains tax (CGT) and broker’s fees to be paid by the Seller
• Transfer fees to be paid by the Buyer but is already included in the Asking Price
(*) Note: We strongly suggest that Buyer seek legal and tax advice on the advantages of a BVI-incorporated holding company and the transfer process involved in its acquisition.
Call us now for an exploratory discussion.
(*) Note: We suggest that Buyers seek legal advice on the advantages of a BVI-incorporated holding company for your situation.
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Year Established
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