Upcoming Live Webinar: U.S.-Mexican Tax and Estate Planning for Cross-Border Clients

Posted by MexLaw

Important Information or US Citizens Investing in Mexico I am pleased to announce that I will be speaking in an upcoming Strafford Live Webinar, "U.S.-Mexican Tax and Estate Planning for Cross-Border Clients" scheduled for Tuesday, November 14, 1:00pm-2:30pm EST. The lengthy Mexico-U.S. border and extensive ties between the two countries result in significant economic migration. Many U.S. citizens and permanent residents have property interests in Mexico and vice-versa. Estate planning counsel and advisers must identify the tax and wealth transfer planning rules and opportunities specific to U.S. and Mexican citizens with assets and presence in both countries. Mexican law has neither an estate...

13 October

0 Comments

Sticky

Risky Business: Extending a Tourist Card Through a Border Run

Posted by Mexlaw

in Immigration, MexLaw

Many foreigners living in Mexico enter as a tourist which typically grants them a 180 day stay. Once their 180-days is up, they leave Mexico and make a “border run.” For residents of the Riviera Maya, this may mean a quick trip to Belize in hopes of re-entering Mexico and gaining another 180-day visitors card. Although the act of leaving Mexico and returning later is not illegal, many times these border runs entail a bribe to the official on the other side making this an illegal and risky process. Mexican Immigration authorities also see this as an abuse of the...

04 September

0 Comments

Sticky

Is Trump Using a Travel Warning For NAFTA Renegotiation?

Posted by Mexlaw

in Immigration, MexLaw

Recent travel advisories from the US warning Americans not to travel to Mexico have people questioning the motive. Journalist Andres Oppenheimer’s recent editorial in the Miami Herald discusses the recent travel warning which now includes Quintana Roo and Baja California Sur, where popular tourist destinations Cancún and Los Cabos are located, stating that this warning should not be taken too seriously. Oppenheimer wrote, “The so-called travel warning of the US Department of State should not be taken too seriously since the level of crime in some North American cities is much higher than that of Cancun or Playa del Carmen.”...

18 August

0 Comments

Sticky

The Ejido, a Mexican Concept Misunderstood by Foreigners

Posted by Mexlaw

in Legal Services, MexLaw

Plots of land located near the beach, specifically in Playa del Carmen, Cancún, Puerto Vallarta, Oaxaca, and the Riviera Nayarit are most likely part of an Ejido. Foreigners frequently ask: “What is the significance of Ejido property, and can I buy land there?” Investing in Ejido Land in Mexico: Opportunities for Foreign Buyers An Ejido (or propiedad comunal) is a form of communal land ownership in Mexico, originally created for agricultural purposes. Community members were assigned plots to farm and shared responsibility for maintaining the land. While agriculture was once its primary function, many Ejido properties are now being repurposed for other uses...

09 August

0 Comments

Sticky

Diversifying Tourism in The Riviera Maya with Dora The Explorer and Shrek

Posted by Mexlaw

in Legal Services, MexLaw, Real Estate

Is the Riviera Maya ready for the Ninja Turtles and Spongebob Squarepants? They are coming soon. Nickelodeon plans to open a family themed all-inclusive resort in the Riviera Maya by December 2017 or early 2018. The construction of this complex has generated 1,800 jobs, so far. The beachfront resort will cater to children and their families and will feature swim up suites, slime machines, Nickelodeon characters, a child-friendly spa, zip lines, pools, and a theater. The Riviera Maya will be Nickelodeon's second theme park resort; the first is located in Punta Cana, Dominican Republic. The 440-room hotel offers cartoon themed suites...