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 is looking for some answers in the category Real Estate.
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Hi,
I am an expat and I own real estate under a corporation.
Before there use to be advantages to own one, I think now it does not make much of a difference but certainly there are some things to consider, like:
If you own a corporation you can be tax exempted:  if you are a small business and/or after you have the corporation for 5-10 years…
yes, it does protects you from liability and anonymously.
If you buy Real Estate in your name you still will have to pay taxes, but you can not exempt your self (?).
If you are only going to own Real Estate in a corporation, perhaps is best to do it in your name to avoid all those issues, but if you are going to use it as a business as well then you should consider those ideas.
Regards.

Pat Apprentice answered on June 14, 2015.
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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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