tricky investment question

Jasper

Bronze
Jan 10, 2002
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1
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this is a tricky question which involves two countries tax systems, but maybe there's a chance that somebody reading this has some experience in the matter. we will most certainly see tax experts, but nothing like first hand experience:

if i were a dominican with a few million dollars worth of undeveloped beachfront and oceanfront land, and I now had canadian citizenship what would my best option be for tax purposes etc. for the following scenario:

- i want to begin a property development company which will include over the
next several years hundreds of houses, condos that i will sell and build
- i will maintain a property management company in dr - though maybe foreign owned - to maintain the properties etc, collecting "condo/maintenance" fees
- the property is inherited and in my name from my dominican father
- would it be more feasible with foreign investment tax breaks to take that
land, sell it to a canadian company that i would open, then invest as a
foreign investment company and take advantage of foreign tax breaks
though pay canadian and dominican taxes
- or does it make more sense just to open as a dominican company and
pay dominican taxes and not both dominican and canadian?