Americans with Mexican Investments, Do You Know About Form 8938?

Posted by Mexlaw

U.S. citizens and resident aliens are required by law to report any worldwide income, including any income from foreign trusts and foreign bank and securities accounts. These laws also require all non-US financial institutions to report the identities and assets of any US citizen to the US treasury. Form 8938, is a Statement of Specified Foreign Financial Assets This form is used to report foreign financial assets if the total value of all the foreign financial assets in which you have an interest in exceeds the reporting threshold. U.S. taxpayers living in the US and holding specified foreign financial assets with an...

29 May

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Quick Facts About Assemblies for Condominium Owners in Mexico

Posted by Mexlaw

in MexLaw, Real Estate

Foreigners who are thinking about investing in Mexico, whether as a 2nd home or a permanent relocation, typically have a condo near the beach in mind. Downsizing and enjoying a more affordable lifestyle go hand in hand with living in Mexico. Living in a condominium has many advantages such as easy upkeep, security, amenities, swimming pools and fitness centers, investment, an opportunity for rental income, and also a social aspect which comes with living in a condo complex. Condominium ownership is best described as real estate of any shape or size available for individual ownership with undividable common areas for...

04 May

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Frequently Asked Questions Regarding Foreigners and Title Deed in Mexico

Posted by Mexlaw

in Legal Services, MexLaw

As an investor in Mexican real estate, it is essential to understand the title registration process and have reliable legal representation before you hand over your money. Foreigners risk losing everything if they do not hire a reputable law firm to represent them and ensure they receive the title on the property.

04 May

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Marketing Tips For Your Vacation Rental Property in Mexico

Posted by Mexlaw

in Legal Services, MexLaw, Real Estate

Foreigners looking to invest in a second property or retirement home are looking towards Mexico. The constant influx of tourists arriving on both coasts of Mexico, Riviera Nayarit, and the Riviera Maya indicate a demand for vacation rentals, is impacting foreign interest in real estate opportunities.

Both of these Mexican beach locations have a huge demand for rental properties with a growing number of travelers preferring to stay in private residences over big brand resorts.

20 April

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What You Should Know About Consumer Rights in Mexico

Posted by Mexlaw

in Legal Services, MexLaw

If you have ever been mistreated by a business or service provider in Mexico, you may feel you do not have any recourse or options to resolve the issue. It seems the employees do not have the authority or the enthusiasm to deal with your complaint. If you feel you have been taken advantage of and do not get any satisfaction from the manager, you can contact PROFECO. PROFECO (Procuraduría Federal del Consumidor), is a government agency tasked with enforcing the law and investigating possible violations. They respond to complaints from residents and tourists, perform random inspections on Mexican businesses...