Last Will And Testament of a Foreigner in Mexico

Posted by Mexlaw

It is important to understand it may be difficult for your loved ones to deal with your estate if you do not have a Mexican Will. Residence of Mexico, primarily property owners, should consult a Mexican attorney regarding their estate planning. Is a Canadian or American Will valid in Mexico if it includes my Mexican real estate and valuables? Although your foreign Will is valid in Mexico, the time and expense it takes to have it verified and processed will cause your family undue stress and expense. The problem is getting these documents recognized, American documents need to be apostilled, and notarized in...

08 August

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Common Questions About Mexican Family Law

Posted by Mexlaw

in Legal Services, MexLaw

If you are a foreigner and married, living common-law or raising a family in Mexico, you should understand the family laws you may face here. Find out how the laws and procedures may differ from Canadian and American family law. Here are some of the most common questions foreigners have about family law in Mexico. How are the family assets divided in Mexico during a divorce? Typically the division of assets is 50/50, but it is important to note that the judge basis the division only on the assets that were acquired by the couple during the marriage, no matter which person brought...

08 July

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Mexican Property Tax Facts for Expats

Posted by Mexlaw

in Legal Services

As an expat living and investing in Mexico, you will be responsible for taxes if: You own property in Mexico You earn an income from renting your home to others in Mexico You earn an income in Mexico You sell your investment property in Mexico Living and investing between two countries can be complicated, it is best to consult an international tax law attorney in Mexico to guide you through the tax system. Who collects the Taxes in Mexico? SAT Servicio de Administración Tributaria also known as The Hacienda collects all Federal taxes in Mexico. When you acquire property in Mexico you will be...

08 July

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Can I Cancel My TimeShare Contract in Mexico?

Posted by Mexlaw

in Legal Services, Real Estate

[vc_row triangle_shape="no"][vc_column][vc_column_text]It is easy to be caught up in a sales pitch while you are dreaming of owning a place in Mexico. The sun, beach and of course all the free incentives the salesperson is offering is very alluring. They make it sound so simple to own a little piece of Mexico. There are many legitimate vacation or timeshare companies, but you need to be aware of the less scrupulous timeshare companies in Mexico. Take the time to investigate these promises, the cost of this investment and the how to get out of a timeshare contract. Protect Your Investment Take time to...

07 July

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A new business entity for corporations in Mexico

Posted by Mexlaw

in Legal Services

Beginning September 15, 2016, a new business entity for corporations will be available in Mexico. According to the Official Federal Gazette, an entity called Sociedad por Acciones Simplificada — (SAS) Simplified Stock Corporation. This new amendment to the corporation law was created in an effort to stimulate small business and encourage entrepreneurship in Mexico. The new system promises to be an effortless and quick way to get started in business, but is it the right corporation entity for you? The Promise of Doing Business Under SAS No longer require a minimum of 2 partners to form a company, a single business owner...