São Paulo: Does corruption live next door? Shell companies and the real estate sector in the largest city in the Southern Hemisphere

Filed under - Asset recovery

Report published 10 April 2017
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This report raises red flags about the lack of transparency in property ownership in São Paulo and identifies how real estate worth billions of dollars is owned through companies registered in offshore tax havens. In Brazil, as in many countries around the world, it is possible to hide the beneficial owner of companies that are buying property. The research shows that more than 3,450 real estate titles are owned through 236 companies that are registered in secrecy jurisdictions and tax havens, including in the British Virgin Islands, the US state of Delaware and Uruguay.

Download the report Translations: PT  





Country / Territory - Brazil   
Region - Americas   
Language(s) - English   
Topic - Asset recovery   |   Law enforcement   |   Politics and government   |   Private sector   
Tags - Tax havens   |   Money laundering   |   Offshore property   |   Offshore secrecy   |   Beneficial ownership   |   São Paulo   |   Real estate sector   |   Real estate   |   secret companies   |   Real estate agents   |   Megacities   

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