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Should I buy house under my name or corporation name?

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agree Tim and would add only a practical note that if you own property via a SA, then you can get your water, electric and telephones in that SA Corp name - otherwise, you must carry forward the present owner name at some or even high risk - Tim has talked about the catch 22 of the telephones so I won't repeat that - just get your SA Corp and your life will be easier - period

 

and finally (today) DO NOT put your property and your vehicle in the same SA Corp - xxx - for a couple hundred bucks you can have, and should use, separate corporacions .......

 

 

I am thinking of buying property in Puerto Viejo area and this information about hooking up electricity to the property sounds like invaluable information... So, An individual cannot have existing service switched to their name? What about if there is no electricty to the property yet?

Are these corporations set up in cost rica or say in the usa where I live now? The PV area seems very different than other parts of the country, is there anywhere I can get more information about how it might work in that area?? thanks..

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your SA Corporacion must be set up in Costa Rica and any reputable attorney/notary will set one up for $250 - $300 USD

 

utility servives and banking institutions (and government agencies too) will vary in their interpurtation of rules and regulations and their implentation of unpublished 'specifications' - you will not get the same answer regarding these items from any two well intentioned folks on this board - therefore, it will always be in your best interest to have your SA Corporacions in place when you want to order or transfer services - as Tim recently mentioned in another thread, the catch 22 is - 'oficially' the owner of the phone number is supposed to turn it back in to the gods at ICE and the new 'owner' siply waits in line for new service - maybe 3 or 4 years ?

 

for that reason, we here in CR do not attempt to transfer telephone service, we just get a 'special power of attorney' from the registered owner so we can make moves and changes

 

it is really not that complicated or overwhelming, just different, and we are in a country not our own - si ?

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your SA Corporacion must be set up in Costa Rica and any reputable attorney/notary will set one up for $250 - $300 USD

Who does that and how long does it take to get started?

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