Getting a CURP Number for Foreigners with Residency in Mexico

Posted by Mexlaw

Last Update: March 13, 2024 The CURP, short for "Clave Única de Registro de Población," which translates to Unique Population Registry Code in English, it is an 18 digit alphanumeric code, and is akin to Mexico’s version of a Social Security or Social Insurance number. It serves as a unique identification number assigned to each individual living in Mexico and remains unchanged throughout one's lifetime. If you are residing in Mexico and possess a Temporary Resident Card or Permanent Resident Card, it's crucial to understand that the CURP is now automatically generated and printed on your residency card as part of the...

18 January

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Foreigners Registering a Vehicle in Mexico

Posted by Mexlaw

in Immigration, MexLaw

There is a lot of advice out there about foreigners buying a vehicle in Mexico, including stories about tourists purchasing and registering cars in their name or registering the vehicle in a Mexican Nationals name. Neither of these options is a secure choice and may put your vehicle at risk.

13 December

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The Condominium Regime in Mexico

Posted by Mexlaw

in Legal Services, MexLaw

What is the condominium regime and why is it important? The condominium regime is a document granted by a Notario Publico and recorded in the Public Property Registry, and until the developer has received the regime, the new buyers do not have legal title to the property. In some instances this process can take up to six months. Once the state and local municipalities approve the project, the regime is the legal approval issued by the government. The regime contains the rules and regulations of the development. It also includes the legal documents of the property including location, description and measurements of...

13 December

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You Have Purchased Property in Mexico, What’s Next?

Posted by Mexlaw

in Accounting, MexLaw

The most critical points that must be considered after purchasing a property in Mexico include: Getting Possession of the Original Title Deed Get that title deed in your hands; five to six months after both parties sign the title deed, your lawyer or the Notary must provide you with the original title deed. The original title deed includes the boleta de registro with the folio number; this document guarantees the title deed has been registered in the Public Registry of Properties. In their files the last information will be the transfer of rights in favor of the purchaser. Annual Payment on the...

08 December

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Real Estate Purchase and a Bank Trust Assignment of Rights

Posted by Mexlaw

in MexLaw, Real Estate

Foreigners buying property in the restricted zone of Mexico are required to purchase through a (fideicomiso) bank trust. In some cases, the buyer will take over an existing bank trust. This is known as an Assignment of Rights (Cesion de Derechos) and depending on the amount of time left on the existing trust, you may be advised as the buyer to take over the trust rather than pay set-up costs to create a new trust. In order to create a new trust, there will be added fees and the cost of extinguishing the current trust. Anytime a person accepts to carry...