Quote:
|
Originally Posted by PICHARDO
Unless your civil lawsuit in the US takes a turn to the worst as in criminal charges resulting for your actions then you shouldn't worry about your assets in the DR being taken over by a civil court's order in the US since they aren't enforceable due to DR laws.
But and a big one at it, if you keep your liquid assets in an international bank in the DR, for example Chase or the like your assets are in fact available for any US legal institution with a court order to see but not to touch, this could bring you extra problems since they could prove safe heaven of your funds overseas and therefore you could become the target of subsequent court charges in the US, and you don't want that since DR law doesn't provide safe heaven to foreign nationals whom are the targets of money laundering and added multitude of other things therefore making your assets the target of DR's seizure and probable total loss...
You can opt to form a "Company Anonima" who's principals don't need to be disclose unless they so want. Forming a corporation in the DR follows the same basic principles as in the US with minor structural differences other than in the legal proceedings to which the corporation could be exposed or become under DR law.
The only harm I could see for you from shielding your assets in the DR from a civil suit in the US would be the problems you'll have at home (US) when it comes to filling your income tax return be it in the DR or here.
Other than that continue to enjoy your Presidentes and the Sancochos...
|
You mention Chase as being an international bank...what about Banco Unpopular?? I certainly have learned they are in a category of their own...but what are their code of ethics (haha) in regards to ANY U.S institution with or without a court order prying into your private records. My guess is they would sell you out quicker than you could say "sancocho"......