A new business entity for corporations in Mexico

Posted by Mexlaw

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...

31 May

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Setting up a corporation in Mexico

Posted by Mexlaw

in Legal Services, MexLaw

Which Corporation will Best Suit Your Needs? In Mexico, the two major types of companies are called the Sociedad Anónima and the Sociedad de Responsabilidad Limitada. They are basically the equivalent of a Corporation and a Limited Liability Company in the United States. There are other company forms such as the Sociedad Civil, which is similar to a professional partnership that your doctor or lawyer might have for his or her office. There is also the Asociación Civil, which can be compared to a non-profit company. In choosing the best type of Mexican Corporation, we need to take into consideration how many...

18 May

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Immigration to Playa del Carmen

Posted by Mexlaw

in Legal Services, MexLaw

Mainly Canadians and Americans are seeking temporary and permanent visa for residence in Playa del Carmen, as some foreigners decide to buy a home for retirement in Riviera Maya or spend a longer vacation to avoid the chilly temperatures in their hometowns. Adriana Vela, migration specialist from MEXLAW, said that some foreigners who buy property in the Riviera Maya are looking to get their residence because of the advantages, one of which is the exemption from capital gains tax when selling their property. Adriana Vela said, that the majority of the foreigners who approach the firm she represents , are 60% Canadians...

25 April

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Considerations for Moving to Mexico from the USA

Posted by Mexlaw

in Immigration, Legal Services, MexLaw

A Few things for Americans to Consider When Moving to Mexico Do not come from the USA and expect life to be the same as it is at home. Life is different in Mexico, we enjoy a slower pace and it takes time to adjust. Patience is the key, you must be open and ready to experience a new culture and relaxed lifestyle. When considering a move to Mexico, take time on the ground to figure out where you will live. Whether you are purchasing a home or renting, we would advise that you do not sign a long term rental contract...

11 March

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Becoming a Naturalized Mexican Through Residency Part 1

Posted by Mexlaw

in Legal Services

First, a slight clarification to last week´s chart regarding temporary vs. permanent residency. The last benefit to permanent residency described permanent status as a good stepping stone to becoming a naturalized citizen. In the Notes column, we were not clear that the word ¨it¨ referred to naturalization or citizenship, not permanent residency. In other words, naturalization or citizenship allows holders to terminate a fideicomiso trust, not permanent residency. The process of “naturalization” or “citizenship” is optional for foreigners who demonstrate legal residence in Mexico for at least the last five consecutive years prior to the application date. Additionally, two years prior...