Mexican Property Tax Facts for Expats

Posted by Mexlaw

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...

31 May

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Protect Yourself From Mortgage or Construction Liens During Your Mexican Real Estate Purchase

Posted by Mexlaw

in MexLaw, Real Estate

Imagine having your dream home in Mexico, you are relaxing on your deck in the warm sun and looking out onto the beautiful Caribbean ocean. Life is amazing. It took all your savings but it is worth it. You are finally retired and you have arrived at your destiny. But, did you use a real estate attorney during your real estate purchase? If not, you have put yourself at risk of losing your brand new home. It is very important for foreign buyers to use a professional attorney in Mexico when purchasing property. They will do a comprehensive title search before you...

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...