5 Points to Consider Before Investing in a Mexican Development

Posted by Mexlaw

Purchasing a condominium in Mexico is an exciting venture, and there are plenty of new buildings on the market. Before handing over your money consider these 5 points and as always we remind our readers to hire a lawyer licensed in Mexico to review the sales agreement and carry out due diligence on the property. Can you trust the developer? What is the business model and are their other projects successful? Check out the developer's reputation and experience before you invest. Does the property have a business model that guarantees long-term appreciation? Who is the administrator and what is their...

25 April

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Are you up for the Challenge of Expat Life?

Posted by Mexlaw

in Immigration, MexLaw

Expat life is an enriching experience, discovering a new country and becoming part of a new community. Many of us dream of running away from our current situation, living a less stressful life, moving to a warm climate and enjoying a lower cost of living. Of course, there are challenges to changing your life, but they say change is good. Do you have the personality traits it takes to enjoy expat life in Mexico? 4 Personality traits of an expat in Mexico Open Minded - Be ready to accept new cultures and not expect things to be the way they are...

02 April

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Mexico’s Federal Zone Concession and Beach Use

Posted by Mexlaw

in Legal Services, MexLaw, Real Estate

The Federal Maritime Terrestrial Zone is the strip of twenty meters wide of the mainland, walkable and contiguous to the beach. The Federal Zone comprises Federal Maritime Terrestrial Zone (ZOFEMAT), and Reclaimed Land (terrenos ganados al mar), land gained from the sea. Both Zofemat and Reclaimed Land are part of the Federal Zone belonging to the Mexican nation and administered through SEMARNAT (Secretaria del Medio Ambiente y Recursos Naturales). The Federal Zone not only pertains to beaches but also borders of rivers, lakes, highways, and lagoons. Buying beachfront property does not mean you own the beach nor can you restrict people from swimming or...

02 April

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Expats Have Access To Healthcare in Mexico on 3 Levels

Posted by Mexlaw

in Immigration, Insurance, MexLaw

Relocating to another country entails a lot of consideration and planning, one of the most important factors is your health. You need to feel confident you will receive quality medical care before settling into a new country. Fortunately, Mexico has a few options for excellent and affordable healthcare. Seguro Popular is Mexico's nationwide health care program, and this medical insurance covers all residences of Mexico, it is meant to ensure everyone has access to medical care even if their employer or private insurance does not cover them. This insurance is only valid at the General Hospital. It has a low annual fee,...

26 March

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Loneliness and the Single Expat

Posted by Mexlaw

in Immigration, MexLaw

Many unattached foreigners move to Mexico to start their life over. It may seem scary to relocate to another country alone, and at times you will feel out of your element and isolated without the security of friends and family, familiar surroundings and routine, it can be a challenge to get comfortable in your new life. You will be dealing with many changes living in another country including culture shock, language, alienation and it may cause you to feel lonely and doubt whether you made the right decision. Sometimes it can be compared to being the new kid in class...