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The Ejido, a Mexican Concept Misunderstood by Foreigners

Plots of land located near the beach, specifically in Playa del Carmen, Cancún, Puerto Vallarta, Oaxaca, and the Riviera Nayarit are most likely part of an Ejido. Foreigners frequently ask, “What is the significance of an Ejido property and why am I prohibited from buying land there?” An Ejido or ‘propiedad comunal’ is an area of communal land mainly used for agriculture, on which community members farm designated plots and collectively maintain communal holdings. While this was the original intention and was once an accurate description of Ejido activity, today many Ejido properties are abandoned, with no farming activity taking place. Why...

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Traffic Regulations, Fines, and Bribes in Quintana Roo

Before deciding to drive a vehicle abroad, One must be aware that as in other countries, Mexico has its own traffic laws which govern all drivers and their vehicles. These regulations must be respected as it aims to maintain and protect the public. When the driver has violated the law, the police officer is obliged to stop the vehicle, advise the driver which traffic regulation has been violated, request the license and vehicle documents to verify that everything is in order and determine if the violation deserves a penalty. If the violation is not serious, the safety of pedestrians, passengers, and...

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THE IRS GETS ITS SHARE, EVEN ON THIS SIDE OF THE WALL

REPORTING OBLIGATIONS OF U.S. CITIZENS IN MEXICO* A recent incident that occurred to a local U.S. ex-pat living in Mexico emphasizes the IRS’ efforts to collect taxes and enforce taxation reporting legislation, even on the fun side of the wall. While on a return trip to the U.S., Tom Smith (the individual’s identity is being withheld) and his family were intercepted at customs and repeatedly asked whether he was the “Tom Smith” that was identified by the passport. After confirming his identity, his family was authorized to enter the U.S., and he was detained. Hours later, a representative of the IRS introduced...

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Diversifying Tourism in The Riviera Maya with Dora The Explorer and Shrek

Is the Riviera Maya ready for the Ninja Turtles and Spongebob Squarepants? They are coming soon. Nickelodeon plans to open a family themed all-inclusive resort in the Riviera Maya by December 2017 or early 2018. The construction of this complex has generated 1,800 jobs, so far. The beachfront resort will cater to children and their families and will feature swim up suites, slime machines, Nickelodeon characters, a child-friendly spa, zip lines, pools, and a theater. The Riviera Maya will be Nickelodeon's second theme park resort; the first is located in Punta Cana, Dominican Republic. The 440-room hotel offers cartoon themed suites...

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Foreigners Living in Mexico Need Estate Planning

The Embassy of Canada in Mexico recently published a reminder to all Canadians living or working abroad, specifically in Mexico. The focus of the reminder was on Canadians residing in Mexico, but all nationalities are reminded to consider the possibility of passing away outside of their homeland. When a loved one dies while living in another country, it makes an emotional situation even more stressful. Documenting your wishes can save your friends or family a great deal of stress and aggravation. Death is not a subject we enjoy discussing, but in the circle of life it is inevitable, you may as...

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Considerations for Foreigners Choosing an Insurance Broker in Mexico

There are many insurance companies out there, and they all claim to provide the most comprehensive policies and the best customer service. Clients living in Mexico need to expect more from their broker than someone living in the US or Canada. Resolving anything in Mexico can be a challenge as there are always hoops to jump through and a lot of red tape. You need to make sure your broker knows their way around the Mexican system. When an incident occurs, it is too late to feel uncertain about how your claim will be resolved, choose wisely, pick a company...

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Foreign Investors in Mexican Businesses Should Consult an Accountant

MexTax Accounting Services Mexican corporations can be 100% owned by foreigner investors enabling them to operate businesses in Mexico. Mexico’s legal system and tax laws for corporations do not discriminate between foreign business operators and Mexican National owned businesses. Foreigners starting a business in Mexico should know the importance of hiring an experienced Mexican accounting adviser. It is well known that small companies, as well as the largest corporations, need an experienced accountant who can provide them with adequate advice regarding their financial, administrative and fiscal needs, to ensure they make the correct decisions concerning their financial and tax obligations in Mexico. Many...

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Better Safe Than Sorry: Are You Prepared for Hurricane Season?

It is hard to imagine with the beautiful weather we are experiencing here in Mexico that it is hurricane season. Hurricane season begins June 1 through the end of November. Typically, we only experience sporadic wind and rain, but we have to be aware how quickly mother nature can turn. If you are traveling to Mexico during hurricane season, you will want to purchase travel insurance. If you live near the coast in Mexico, here are some precautionary steps to consider. Insurance First of all, is your home and vehicle insured? Keep in mind most home insurance policies do not include...

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Get Here Sooner by Investing in a Mexican B&B

How do you escape the rat race, and give up working long days and dreaded commutes? Most people work hard all week and struggle to make ends meet, waiting all year for that one vacation in Mexico to get away and unwind. What if that vacation in Mexico was actually your life? Foreigners who are not financially ready to retire but are ready to enjoy life are investing in a rental property or home big enough to operate a B&B. Get a jump start on your retirement life while the rental income supplements your income. Expats living in Mexico are enjoying...

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Puerto Vallarta & Riviera Nayarit Real Estate Summit 2017 – Presented by MexLaw

WELCOME ALL REALTORS, DEVELOPERS, AND EXPATS FROM PUERTO VALLARTA AND RIVIERA NAYARIT, MEXICO! MEXLAW is pleased to present The Real Estate Summit in Puerto Vallarta, Mexico. This one-day event is a great platform with a broad range of specialists in the Real Estate field sharing their knowledge and experiences through 30-minute conferences about today's most relevant topics in the market. Join us at the HILTON PUERTO VALLARTA RESORT, SALON VALLARTA on August 22, 2017, from 9:00 A.M. to 2:00 P.M. Key Speakers and Topics: Charles Tibshirani – MEXLAW-  Utilizing your pension fund to purchase property. Maria Del Carmen Macías- MEXLAW- ESCROW...

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