Is it possible for a C. Por A. Corporation to still do business transactions in DR? I read that these type of corporations were made invalid a year or so back and were required to transform into an SA, SRL or EIRL. I believe there was some 18 month extension that expires in February, 2011?
My situation is the sellers have an apartment under a C. Por A. and a lawyer advised me that it is not a good idea to be involved in purchasing the apartment because the corporate structure needs to be revised to the new law before they can make the transaction.
Anybody now more about this?
Thanks.
My situation is the sellers have an apartment under a C. Por A. and a lawyer advised me that it is not a good idea to be involved in purchasing the apartment because the corporate structure needs to be revised to the new law before they can make the transaction.
Anybody now more about this?
Thanks.