Panama, Panama, April 03, 2007 --(PR.com
)-- Lombardi, Aguilar & Garcia (www.laglex.com) attorney Alvaro Aguilar delivered a presentation on Panama real estate laws for US investors, co-authored by Kevin Mullin of the Denver, CO, law firm of Mullin, Dean & Heimos, LLP (www.mdhlex.com). The presentation was part of the 2007 VIP Real Estate Mission to Panama organized by the Chamber of the Americas (www.chamberoftheamericas.com) & Continental Airlines. Real estate businessmen from Colorado and the rest of the US attended the event.
Mr Aguilar spoke about the procedure for acquiring title to property and financing a property purchase in Panama. While Panama is a booming real estate market attracting buyers from the U.S. and Europe, due diligence is necessary when purchasing rural properties. Current regulations offer tax incentives to property owners and builders and encourage foreign retirees to reside in Panama. Slides of the presentation may be downloaded from the law firm website.
Co-author Kevin J. Mullin, J.D., CPA, LL.M. (International Taxation), has been practicing law for over 20 years with a focus on advising foreign investors on their U.S. real estate and other investments, and international business, estate and tax planning. His law firm of Mullin, Dean & Heimos, LLP, focuses on international tax, real estate and business, including foreign persons investing in the US and US persons investing abroad, especially in Latin America. Its specialties include U.S. and foreign real estate and closely-held businesses; multi-jurisdiction estate planning and wealth preservation; cross-border joint ventures, global licensing of intellectual property, including e-commerce; and shari'a compliant instruments. Both law firms work together on an on-going basis to provide guidance to US clients from both the US and Panamanian tax, real estate and business perspectives.
The Chamber of the Americas is a Denver-based not-for-profit organization with the goal of helping US companies make the most of business opportunities in the Americas. The Chamber’s mission is to facilitate commerce and understanding between the businesses and governments of the Western Hemisphere.
About Alvaro Aguilar
Alvaro Aguilar is a partner at Lombardi Aguilar & Garcia and practises in the areas of corporate taxation, real estate and intellectual property matters.
Mr Aguilar has advised multinational and local clients in real estate purchases and development, international mergers and acquisitions, tax planning, real estate investment funds, joint ventures, trusts, foundations, software licensing, e-commerce, and electronic transfer of funds. Recent transactions include the purchase of real estate by a US retailer, purchase by a US finance entity of a stake in a Central American bank, tax arrangements and sale of a property to a Panama-US joint venture and structuring of a property management joint venture for US investors.
He graduated from Universidad Santa Maria law school in Panama and received his LLM in International Trade & Banking from Washington College of Law in Washington, DC.
About Lombardi Aguilar & Garcia
Lombardi Aguilar & Garcia was created as an alternative for clients worldwide who seek fast, innovative and effective solutions to their legal problems. The firm currently provides services to individual and corporate clients in Panama as well in the Americas, Europe and Asia. Its partners maintain a commitment with professional ethics and social responsibility by participating in the board of directors of groups such as the Panama Bar Association, the German Chamber of Commerce and the American Chamber of Commerce (AMCHAM) of Panama.
The firm centers its law practice in private client services and asset protection (Private Interest Foundations, Trusts), business structures (Offshore Corporations), tax planning, real estate and e-commerce. It also advices in areas of Law such as Corporate, Commercial, Intellectual Property, Maritime, Tax, and Immigration Law as well as related litigation that may arise.
For more information, contact +507 340-6444, e-mail aaguilar (at) nysbar.com, or see: Lombardi Aguilar & Garcia http://www.laglex.com/