06 November

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Applying for a Job Offer Visa in Mexico

Posted by Mexlaw

If you are a foreigner and have received a job offer in Mexico, or you are a foreigner with a business in Mexico and plan on working in this country, you will need permission to work. The official name is “Visa por oferta de empleo” (Job Offer Visa). This procedure allows you to live and work in Mexico. The process consists of two steps which are completed in Mexico and one step to be completed outside the country at a Mexican consulate. The process will begin in Mexico. It requires a job offer from a Mexican company; this company should have “Constancia...

02 November

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Upcoming Live Webinar: U.S.-Mexican Tax and Estate Planning for Cross-Border Clients

Posted by MexLaw

in Conference, MexLaw, Real Estate

Important Information or US Citizens Investing in Mexico I am pleased to announce that I will be speaking in an upcoming Strafford Live Webinar, "U.S.-Mexican Tax and Estate Planning for Cross-Border Clients" scheduled for Tuesday, November 14, 1:00pm-2:30pm EST. The lengthy Mexico-U.S. border and extensive ties between the two countries result in significant economic migration. Many U.S. citizens and permanent residents have property interests in Mexico and vice-versa. Estate planning counsel and advisers must identify the tax and wealth transfer planning rules and opportunities specific to U.S. and Mexican citizens with assets and presence in both countries. Mexican law has neither an estate...

24 October

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The Law of Hidden Defects in Mexico

Posted by Mexlaw

in Legal Services, MexLaw, Real Estate

Hidden defects are an important point in the process of purchasing a property in Mexico. The definition of hidden defects is those possible defects that a property may have, which could not be known to the buyer at the time of purchase. A defect is classified as a "hidden defect" if: It is not obvious and cannot be recognized by a simple inspection. The buyer is unaware of the defect. The property was defective at the time of the sale. The seller is responsible for a hidden defect even if they were unaware of the defect. The seller will be obliged to repair...

24 October

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Foreigners and Tax Obligations in Mexico

Posted by Mexlaw

in Accounting, MexLaw

Whether you are an individual earning an income in Mexico, or a business owner in Mexico, you have certain income reporting and tax obligations. This article includes a brief description of the most common taxes and contributions, as well as the corresponding authority. As an employer in Mexico, you are responsible for the following contributions and taxes Payroll Tax 3% of the total salary of the employees is to be submitted monthly to the State Government. The Mexican Social Security Institute (IMSS) Instituto Mexicano del Seguro Social As an employer, you are obligated to pay IMSS for health services and...

24 October

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Making a Mark for Yourself in Mexico

Posted by Mexlaw

in Legal Services, MexLaw

Trademarks are those symbols or signs used to distinguish products or services in the market; they must be registered to identify them from the competition and to avoid confusion with other companies. By registering the trademark, businesses obtain multiple benefits such as exclusive use, which provides the certainty that the trademark may not be used legally by a third party without authorization. The registration of a trademark has a validity of 10 years from the moment of its application and may be renewed before or after the term expires. Trademarks registered in Mexico are only in effect within the Mexican Republic. However,...

13 October

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Risky Business: Extending a Tourist Card Through a Border Run

Posted by Mexlaw

in Immigration, MexLaw

Many foreigners living in Mexico enter as a tourist which typically grants them a 180 day stay. Once their 180-days is up, they leave Mexico and make a “border run.” For residents of the Riviera Maya, this may mean a quick trip to Belize in hopes of re-entering Mexico and gaining another 180-day visitors card. Although the act of leaving Mexico and returning later is not illegal, many times these border runs entail a bribe to the official on the other side making this an illegal and risky process. Mexican Immigration authorities also see this as an abuse of the...

14 September

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Who Will Inherit Your Property in Mexico?

Posted by Mexlaw

in Legal Services, Mexican Will, MexLaw

Many foreigners invest in real estate in Mexico to benefit from the high returns on investment that this market offers, to enjoy their leisure time here by owning vacation property, to retire, or a combination of all of the above. Ironically, few foreigners give any thought to what will occur to their property in the event of death. The purpose of this article is to provide some insights on how Mexican Law will deal with property owned by foreigners upon death and, hopefully, will provide foreigners with some suggestions on how to deal with this situation. A foreigner with property in...

06 September

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Formalized Tax Collection Through Airbnb in Quintana Roo

Posted by Mexlaw

in Accounting, MexLaw

Travelers have changed over the years; nowadays many people prefer to stay in homes rather than large resorts. Airbnb has become a popular choice, an intimate, less expensive way to travel and see the world. Many travelers make lasting connections in these homes and neighborhoods and experience more culture than they would if they were staying at a large resort. Airbnb’s popularity continues to grow and because of its success has triggered concern from the hotel industry regarding tax obligations and the lack of regulations for this type of accommodation. The Mexican government also recognizes the importance of home sharing for...

06 September

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September is Will Month in Mexico, Is Your Estate in Order?

Posted by Mexlaw

in Legal Services, Mexican Will, MexLaw

Each year, Mexicans are encouraged to have a Will completed in September. If you are a foreigner who owns property in Mexico, you also need to have a Will created in Mexico. Death is not a subject we enjoy discussing, however, you need to be prepared. Mexicans, as a culture, have a unique relationship with death. They celebrate and venerate their ancestors on los días de los muertos, which is celebrated from October 31 to November 2. As a prelude to the celebrations, every September in Mexico is considered Will month. Mexicans are encouraged to prepare a Will, and notaries...

04 September

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Is Trump Using a Travel Warning For NAFTA Renegotiation?

Posted by Mexlaw

in Immigration, MexLaw

Recent travel advisories from the US warning Americans not to travel to Mexico have people questioning the motive. Journalist Andres Oppenheimer’s recent editorial in the Miami Herald discusses the recent travel warning which now includes Quintana Roo and Baja California Sur, where popular tourist destinations Cancún and Los Cabos are located, stating that this warning should not be taken too seriously. Oppenheimer wrote, “The so-called travel warning of the US Department of State should not be taken too seriously since the level of crime in some North American cities is much higher than that of Cancun or Playa del Carmen.”...

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