The Cost of Living in The Riviera Maya

Posted by Mexlaw

It seems hard to believe you can have a better life and live close to the Caribbean sea for less money than you pay now. Life in the Riviera Maya costs less, of course, this depends on your lifestyle, but you will receive more for your buck here in Mexico. You will afford some of the luxuries you may not be able to afford in the rest of North America. For example, two people living on $2000 USD a month can afford to rent a beautiful condominium near the beach, with all the amenities you dream of, including a swimming pool,...

08 August

0 Comments

Sticky

Last Will And Testament of a Foreigner in Mexico

Posted by Mexlaw

in Legal Services, Mexican Will, MexLaw

It is important to understand it may be difficult for your loved ones to deal with your estate if you do not have a Mexican Will. Residence of Mexico, primarily property owners, should consult a Mexican attorney regarding their estate planning. Is a Canadian or American Will valid in Mexico if it includes my Mexican real estate and valuables? Although your foreign Will is valid in Mexico, the time and expense it takes to have it verified and processed will cause your family undue stress and expense. The problem is getting these documents recognized, American documents need to be apostilled, and notarized in...

31 May

1 Comment

Sticky

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...

08 March

0 Comments

Sticky

Canadians Retiring in Mexico 6 Months at a Time

Posted by Mexlaw

in Legal Services, Real Estate

So you want to live in Mexico, but you are not quite willing to give up the comforts of home? Although most Mexican real estate developments are much more luxurious than what we are familiar with back home, such as infinity pools and ocean views, still some Canadians living in Mexico are only spending half their time in Mexico and half in their home country. There are some benefits to this lifestyle, including maintaining your home country’s residency and health care. You may enjoy your summers in your home country and then escape the cold, rainy winters by heading to Mexico,...

18 November

0 Comments

Sticky

FAQ

Posted by MexLaw

[vc_row triangle_shape="no" css=".vc_custom_1447863467772{padding-bottom: 70px !important;}"][vc_column][mkd_accordion style="accordion"][mkd_accordion_tab title="Can foreigners buy real estate in Mexico?" title_tag="h4" title_padding="13" content_padding="11px 15px 20px 15px"][vc_column_text] Yes, a person of any nationality can legally buy real estate in Mexico. However, to purchase property within the restricted zone, (50 kilometers or 31 miles from the shoreline) foreigners are required to purchase property through a bank trust (fideicomiso) or by establishing a Mexican corporation. [/vc_column_text][/mkd_accordion_tab][mkd_accordion_tab title="What is the restricted zone in Mexico?" title_tag="h4" title_padding="13" content_padding="11px 15px 20px 15px"][vc_column_text] The restricted zone is property within 50 km or 31 miles of Mexico’s coast, or within 100 km or 62 miles of Mexico’s borders. [/vc_column_text][/mkd_accordion_tab][mkd_accordion_tab...