Buying Mexican Real Estate, Who is Looking Out for Your Best Interest?

Posted by MexLaw

If you are purchasing property in Mexico, your real estate agent may choose to hire a Closing Coordinator to collect all the documents required to close the deal. The Closing Coordinator is typically an independent professional that is involved in many different real estate transactions and will communicate with the buyer, seller, real estate agents, appraiser, the Notario, bank of the Fideicomiso, and the government agencies. They are an impartial representative and organize the groundwork for the Notario. Although the Closing Coordinator may be an attorney with experience in real estate transactions, he or she is not your Real Estate Attorney and...

15 December

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Legalizing Documents For Legal Procedures in Mexico

Posted by MexLaw

in Legal Services, MexLaw

Mexican authorities require foreign issued documents be verified before they are accepted as legal documents in Mexico. If you intend to do business, apply for an immigration visa or get married in Mexico you may need to have your personal documents apostilled in your home country. Typically, official documents are only valid within the country that issued them, except for the passport which is recognized in every country. Since other countries have no way to verify if your foreign documents are legitimate, you will need to have them legalized. What is an Apostille? The Apostille Convention is an international treaty which numerous countries...

15 December

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10 Reasons Mexican Property Owners Need a Will

Posted by MexLaw

in Legal Services, MexLaw, Real Estate

Without a Will prepared in Mexico, you are allowing the Mexican government to handle and disburse your estate. Foreigners living in Mexico are well advised to have a Mexican Will as there are no survivor rights in Mexico and property held in trust may not be enough protection for you and your family. 10 Reasons you should contact MEXLAW to have a Will prepared; A foreign Will will require a professional translation and verification, and this may be an expensive process for your heirs. American documents need to be apostilled, and notarized in the U.S., and translated into Spanish by a...

16 November

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Tourists Should Be Aware Of These Basic Laws Before Visiting Mexico

Posted by Mexlaw

in Legal Services, MexLaw

What better way to spend your vacation than on a Caribbean beach in Mexico. Vacationing in Mexico portrays an illusion that traditional laws and rules do not apply, Mexico is regarded as a vacation destination where you can let loose, with no boundaries and no consequences, think spring break in Cancun. However, you should be aware that the local Mexico laws apply to you as a visitor as they do to all Mexican citizens, and it is your responsibility to respect them. If you commit a serious felony, your country or consulate cannot interfere in the Mexican legal or judicial...

02 November

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10 Reasons Foreigners Should Consider Forming a Mexican Corporation

Posted by Mexlaw

in Legal Services, MexLaw

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...