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Simple Check List for Condominium Buyers in Mexico From the Real Estate experts at MEXLAW

  Condo life is not for everyone; it has some disadvantages, but it can also be a perfect way to vacation, invest or live in Mexico. Condominiums offer a low maintenance lifestyle with plenty of perks. Before you decide on a condo, do your research, review our checklist to see if your potential investment qualifies to be your new home. There are many important legal matters to deal with during a real estate purchase, which you will discuss with your attorney, but these simple points should be considered before you choose your condo. Review The Condominium Regime. This important document is...

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10 Reasons Foreigners Should Consider Forming a Mexican Corporation

  Foreign individuals looking to invest and do business in Mexico will do so through the incorporation of a Mexican company. If you are ready to relocate to Mexico but not quite ready to retire, read on to learn 10 reasons why creating a Mexican Corporation may be the right choice for your investment.   A Mexican Corporation has legal rights as if it was Mexican entity to acquire property anywhere in Mexico, including real estate within the restricted zone 100 km of the border or 50 km from the coast. No need for a bank trust, Fideicomiso. A Mexican corporation...

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MEXLAW Escrow Service Protects Your Real Estate Investment in Mexico

  Escrow is a legal process designed to protect the interests of both the buyer and the seller, acting as an impartial third party ensuring security for both sides. That third party should be a trustworthy law firm authorized to handle escrow accounts in Mexico. Real Estate Escrow The seller has assurance the buyer is committed to the purchase by placing money in trust as a deposit. The buyer is protected by ensuring the money is held in trust until the seller provides clear title, and all other stipulations that were included in the contract are complete. The traditional escrow accounts which we are...

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Citizenship by Naturalization for Foreigners Choosing to Live in Mexico

  In the past people vacationed in Mexico, or stayed only for the winter, but the retirement population has changed in recent years. Many visitors realize a lower cost of living, safe communities, and a better quality of life and decide to live in Mexico permanently with no desire of keeping a residence in their country of origin. Pensioners find it more affordable to live, invest and retire in Mexico, leaving the question, why go back to the US or Canada? If you have come to this realization, we can help you make living in Mexico full time a reality, contact...

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Temporary Import of a Foreign Plated Vehicle in Mexico

  There are few important things you need to understand if you are driving your vehicle into Mexico and plan to stay awhile. A foreign plated car in Mexico will require a temporary import permit. The permit will be valid for 180 days (the same as your tourist visa) If you are arriving in Mexico on a Temporary Resident Visa your car's permit will be as valid as long as your Temporary Resident Visa is valid. Your vehicle will be credited with an official document issued by Immigration. Once you enter Mexico you will pay a processing fee, approximately $44 USD, if...

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Top 10 Questions Foreigners Ask About Buying Mexican Real Estate

  These are 10 of the most common questions our real estate attorneys at MEXLAW hear on a daily basis; they are the experts when it comes to helping foreigners buy Mexican real estate. Is it safe to buy real estate in Mexico? Yes, but it is crucial to use a Mexican real estate attorney to ensure you receive the title on the property. The attorney performs a complete title search,  including the chain of ownership to ensure this seller has the right to sell, and that no others are waiting to take possession of the property. This search will also reveal...

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Familiar Emergency Number in Mexico, As 9-1-1 Comes into Effect

  North American expats are familiar with calling 9-1-1 for emergencies; now it is easy to access emergency services in many states of Mexico, including Quintana Roo.  According to The Federal Telecommunications Institute IFT, 16 states across Mexico will migrate all emergency phone numbers over to 9-1-1,  on October 3, 2016.  It is expected the remaining states of Mexico will begin the migration over to 9-1-1 in January 2017 and scheduled to be fully migrated by June 2017. The first states to migrate to 9-1-1 are Quintana Roo, Baja California, Coahuila, Colima, Chiapas, Chihuahua, Durango, Guanajuato, Morelos, Nayarit, Nuevo León, Oaxaca, Sonora,...

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Expats and Capital Gains Tax on Mexican Real Estate

Who is Considered a Taxable Resident? When we talk about taxes in Mexico, it is important to know if you fall under the category “Taxable Resident,” According to the Mexican Tax Code a foreigner is considered a Mexican Tax resident if: You have established a place of residence in Mexico; If you also own a home in Mexico and another country, you will be considered a tax resident of Mexico if your center of vital interests are in Mexico; or more than 50 percent of your total income is derived from Mexican sources; and your primary professional activities are carried out in...

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5 Ways to Ensure Peace of Mind Living in Mexico

Be Legal Many foreigners do not complete their immigration process and continue to come and go as tourists. This adds extra stress and risk entering Mexico, foreigners who travel to other borders such as Belize may end up paying a bribe to come back into Mexico with another tourist visa. Immigration officers appear at random checkpoints on the highway and other public locations checking for illegal residents. To avoid the anxiety and possible deportation, speak to immigration@mexlaw.com.mx about the benefits of being legal in Mexico. Be Insured It is essential for your peace of mind to have medical insurance; there are first-rate...

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Foreigners Receive Residency in Mexico Under Family Unity

Permanent Residency is granted to individuals who intend to reside in Mexico indefinitely. Approval is based on several qualifications and may be applied for under a few different categories, one being Family Unity. Permanent Residency Visa based on Family Unity offers the opportunity for foreigners with a child born in Mexico to obtain Permanent Residency. Foreigners with a Mexican spouse or select family members can become a Temporary or Permanent Resident without providing financial records or leaving Mexico to begin the procedure. Foreigners may apply for Permanent Residency (Residente Permanente) in Mexico if the foreign applicant is: The parent of a...

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