RE: What are the advantages of buying real estate in Costa Rica in the name of a corporation rather than in your own name?

Many lawyers in Costa Rica recommend buying real estate via a corporation set up just for that purpose.  They claim better liability protection – does anyone have clear examples of when this setup protected someone from liability claims?  There are some disadvantages of using a corporation as well – paying corporate taxes in CR, effects on US tax reporting, annual legal fees, etc. Do the benefits outweigh the disadvantages?

redbeard52 Scholar Asked on June 14, 2015 in Real Estate.
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2 Answers

I have just purchased RE in CR as a corporation. It made it easier to have my children be beneficiaries if anything happens to me.  I will also make a will, but having them as secretary teasuer and me the Pres. Seems to make it easier to have your family take it over when and if the time arises.

sharon Rookie answered on June 15, 2015.
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