In New York, a longtime hotspot for stashing overseas wealth, shell companies have been used to purchase luxury properties, permitting the real homeowners to stay nameless. As U.S. authorities boost efforts to seize Russian oligarchs’ belongings within the wake of Russia’s struggle on Ukraine, New York legislators are proposing a bill to make property ownership extra transparent. This content is meant for informational purposes solely and isn’t intended to be construed as financial, tax, legal, or insurance coverage recommendation. Opendoor always encourages you to succeed in out to an advisor relating to your own situation.
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