How Do Foreigners Lose Their Investment in Mexico?

Posted by Mexlaw

Foreigners investing in Mexican property need to follow the legal process in order to protect their investment. When you hear reports of a foreigner losing their life savings and getting caught up in a legal battle over the property in Mexico, understand that this situation is entirely avoidable. If you buy real estate through the correct channels and use a Mexican lawyer during your purchase, buying property in Mexico, it is a safe and secure investment. These are a few grave mistakes foreigners make when it comes to buying real estate; They bought the property from someone who is not the legal owner....

10 February

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Residency in Mexico and Abuse of the FMM – Visitor Card

Posted by Mexlaw

in Immigration, MexLaw

It is relatively common for foreigners to take advantage of the visitor card - FMM (Forma Migratoria Múltiple) as a way to live in Mexico. Many foreigners are entering as a tourist and staying the 180 days granted to visitors and then leaving the country and returning for another 180 days, rather than applying for a residency permit. For a few years, there have been rumors that Instituto Nacional de Migración - INM will begin to crack down on this practice and regulate the use of an FMM as a way to live in Mexico. It started with some foreigners receiving...

22 January

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Power of Attorney in Mexico

Posted by Mexlaw

in Legal Services, MexLaw

Power of Attorney- POA in Mexico, like other countries around the world, can be established by granting one or several people sufficient authorization to represent you in one or more acts to be held in Mexico. We recommend that a POA be tailored to whatever your intentions are in Mexico; these can be divided into: Powers of Ownership - Performing acts related to Real Estate. Banking Powers - Performing all kinds of acts related to opening and managing bank accounts. Administration Power - This power will be used for all types of procedures related to any public administration body and even...

27 September

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Relocating to Mexico – Tourist Destination or Residential Area?

Posted by Mexlaw

in Immigration, MexLaw

When traveling in Mexico, most foreigners visit and fall all in love with the tourist side of town, but if you are relocating to Mexico would you choose to live in the tourist area or a residential area? As a new resident in Mexico you may want to live in a tourist town, get out an about, meet new people, enjoy the hustle-bustle of the tourist streets, but once you settle in you may yearn for a quieter place to call home. Everyone's ideal home is different; some prefer a secluded house in the jungle and some like the city life,...

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...