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Pride Week In Puerto Vallarta

Puerto Vallarta is gearing up to host their LGBT Pride week from May 20 to 27, 2018. Not only is the event important for humankind, educating people about equal rights, acceptance and celebrating diversity, but the festival is excellent business for Puerto Vallarta. Last year’s event saw an influx of over 17,000 visitors and the number continues to grow each year. Puerto Vallarta expects this year’s event to be the most significant Pride event in the region. According to the Vallarta Pride website, local businesses, associations, and the LGBT community have joined forces to organize this event, including concerts, entertainment,...

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5 Ways Expat Living will Benefit Your Child

Some people feel that once they start a family their traveling days are over and that they must put down roots in one place, but this is not necessarily true. Traveling and living in different countries is beneficial to children. Living in another country helps develop children into well-rounded human beings. Expat children enjoy the diversity of growing up in another country, with friends from various backgrounds, different races, and religious beliefs. Awareness and Empathy Raising a child in a new country teaches a child many valuable life lessons. They will experience new cultures, languages, and cuisine. Expat children have a broader...

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Common Questions about Mexican Immigration

We have gathered some of the most common questions we receive from foreigners regarding legal immigration to Mexico. Do I need to apply for a visa to travel to Mexico? Contact your local Mexican consulate to keep updated on travel requirements. The countries listed in this link do not require a visa. http://www.inm.gob.mx/gobmx/word/index.php/paises-no-requieren-visa-para-mexico/ How long can I remain in Mexico on a Visitor’s Permit (FMM) Forma Migratoria Múltiple? Visitors can stay in Mexico for 180 days; you should advise the immigration officer you would like to stay 180 days, as they may not automatically enter 180 days on your permit. Can I request...

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What is the Future of Mexico’s Drug Laws?

Deadly clashes between drug cartels have generated increased violence in Mexico. With targeted murders on the rise, some propose the legalization of drugs to help end the violence. Some are optimistic that the drug laws of Mexico will change. On April 11 the Supreme Court of Mexico granted a new Amparo in favor of personal use of recreational marijuana. The Amparo was added to the 2016 resolution which declared absolute prohibition of recreational use unconstitutional. The case stated that the prohibition of cannabis violates the human right to the free development of personality. This right to the development of personality...

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Save on Taxes and Increase Donations for Your NonProfit Through Incorporation

Do you have a passion that has grown into a not-for-profit organization? Your organization may flourish and save money by creating a Mexican corporation. It will benefit from income tax deductions and encourage both local and international financial donors by offering them a tax-deductible receipt. Not-for-profit organizations are defined as social groups who are not seeking or distributing profit, whose operations are separate from government-run programs. The classification of a nonprofit corporation is Asociación Civil (A.C.), defined as a group of individuals united for a definite time, to carry out a joint purpose that is not illegal or of primarily economic...

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Organ Donation, the Gift of Life in Mexico

We have discussed the subject of dying in Mexico and the importance of a Mexican will, but it is also important to deal with another difficult topic which many people do not discuss with their loved ones, that is becoming an organ donor. National Transplant Center reports that 20,420 people are waiting on an organ or tissue transplant in Mexico. A large percent of those patients are awaiting a kidney transplant. It is very difficult for families of patients in Mexico, often they are expected to find blood donors or organ donors themselves as there are not enough donors or proper...

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Some Basic Facts About Gun Control in Mexico

Do you know it is illegal to enter Mexico with a firearm without a permit from Secretariat of National Defense? Mexican customs agents do not issue gun permits; this permit must be processed before you attempt to cross the border with any type of firearm or ammunition. Anyone entering Mexico with a firearm or ammunition without a permit could face up to five years in prison. All arms must be registered with the Secretariat of National Defense https://www.gob.mx/sedena in accordance with the Federal Law on Firearms and Explosives. The Directorate of Commercialization of Arms and Munitions (Dirección de Comercialización...

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Mexico Ranks Number One in Online Real Estate Search

When people living in the US are searching for a second home to purchase, Mexico appears to be the favorite investment location. The real estate website Point2Homes researched the most popular real estate searches of people living in the US and looking for a second home. Their article states that they tracked the Google searches from January 2017 to January 2018. Their research included keywords, homes for sale abroad and in countries in the Americas. The most popular search was Mexico at 63,890 monthly searches from US users. 64,000 monthly searches for real estate in Mexico during 2017, ranking it...

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Top 8 Reasons to Live in Puerto Vallarta

The weather Shake the winter blues and get some sunshine. The Pacific coast of Mexico offers warm weather year round. The Pacific Ocean The ocean is known to revitalize your body, mind, and soul. Put your feet in the sand and let the sea take your worries away. The low cost of living Possibly one of the top reasons people are moving to Mexico is to achieve a lower cost of living. If living in the US or Canada is causing a financial strain, give yourself a financial break come and live in paradise. Everything from real estate to beer is less expensive in...

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Advice From the Accountants at MexTax About Capital Gains

Real estate transactions in Mexico typically involve a profit for the seller, and on that profit, the seller is expected to pay capital gains tax. The tax is classified as ISR (Impuesto Sobre la Renta) and applies as an income tax. Whether you are a foreigner or Mexican national, you will be subject to this tax. However, an experienced Mexican accountant can assess your situation and find the best way to reduce or avoid the capital gains tax. Before you complete the sale of your property, you are advised to seek the advice of an accountant in Mexico. The assessment...

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