Prenups and Postnups Agreement – Part 1

Posted by Mexlaw

Prenups: A prenuptial agreement is a contract written prior to a marriage that defines terms of divorce to foresee a positive outcome for both spouses in the event of a dissolution. A postnuptial agreement is a simple prenuptial but written after a marriage is performed. In Mexico, it is possible to recognize and enforce foreign prenuptial agreements, as long as they comply with certain requirements. Here is a summary of the types and requirements for foreign prenuptial agreements in Mexico: They are marital agreements executed before a Notary public or the competent official of the Civil Registry in the country of origin. These civil...

17 March

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Buying Mexican Real Estate – Some Common Real Estate Terms

Posted by Mexlaw

in Legal Services, MexLaw, Real Estate

Closing Date The closing date or completion date is the day the property is transfer to the buyer, and the title deed is signed. Condominium Regime This document granted by a Notario Publico and recorded in the Public Property Registry. It contains all the rules and regulations for the development as well as legal matters regarding the complex. The buyers will not receive the title until the regime is registered. Notario Publico A Notario Publico is a licensed attorney, certified, and appointed by the government. The notario acts as an official representative of all parties of the transaction. They do not represent only you; you...

10 March

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Do I Need an Immigration Lawyer?

Posted by Mexlaw

in Immigration, MexLaw

You may have already discovered that many procedures do not go smoothly in Mexico. There is always a certain amount of frustration and wasted time when you are trying to get anything accomplished; the immigration process is certainly no different. Residency visa applications can be a challenging endeavor if you go through the process on your own. It is highly recommended that you hire an experienced immigration lawyer to obtain your residency visa, and save yourself time and aggravation. The Benefits of an Immigration Lawyer A lawyer will perform a personalized analysis to determine the best procedure for you, depending on the...

26 February

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Restrictions of Foreign-Owned Corporations in Mexico

Posted by Mexlaw

in Accounting, Legal Services, MexLaw

According to foreign investment laws in Mexico, foreign investors may hold 100% of a Mexican corporation or partnership. The legal system and tax laws do not discriminate between foreigner business and Mexican National owned businesses. One thing that separates foreign-owned corporations and Mexican owned corporations are the activities they may carry out. Foreign investment is permitted in most sectors except for those activities listed below. Sectors reserved for the Mexican State Oil and other hydrocarbons exploration and extraction Sale of electricity to the public Nuclear power Radioactive minerals Telegraph and radiotelegraph services Postal services Printing money and coin minting Control, supervision, and...

13 February

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How Do Foreigners Lose Their Investment in Mexico?

Posted by Mexlaw

in Legal Services, MexLaw, Real Estate

Foreigners investing in Mexican property need to follow the legal process in order to protect their investment. When you hear reports of a foreigner losing their life savings and getting caught up in a legal battle over the property in Mexico, understand that this situation is entirely avoidable. If you buy real estate through the correct channels and use a Mexican lawyer during your purchase, buying property in Mexico, it is a safe and secure investment. These are a few grave mistakes foreigners make when it comes to buying real estate; They bought the property from someone who is not the legal owner....