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Author: MexLaw

MEXLAW > Articles posted by MexLaw

A Specialized Attorney: A Tool of Legal Certainty in a Real Estate Transaction

The real estate market has become more competitive and presents greater difficulties to settle a real estate transaction due to external factors such as economic situations, crime rates, social-political facts along with the typical uncertainties and challenges of acquisition itself. Foreigners lack knowledge regarding the process of purchasing property overseas, and many questions arise: How can a foreigner acquire property in Mexico? What are the steps of obtaining the title deed of the property? Is the seller entitled to sell the property? Who will be involved in the transaction and what are the functions of each?  Can the seller guarantee...

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

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...

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Canada Lifts Travel Visa Requirement for Mexican Citizens

As the US president-elect Trump continues to alienate Mexico and its citizens with threats of deportation and the infamous wall between the US and Mexico, Canada, on the other hand, is working towards a closer relationship with Mexico. As of December 1st, 2016 the requirement for Mexican citizens to have a visa to visit Canada was lifted. Now Mexicans only require an Electronic Travel Authorization (eTA). The visa requirement had been in effect since 2009 when the Conservative government implemented the process, causing tension between the countries. When Prime Minister Trudeau was elected into office, he announced the intention to lift the visa...

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Buying Mexican Real Estate, Who is Looking Out for Your Best Interest?

If you are purchasing property in Mexico, your real estate agent may choose to hire a Closing Coordinator to collect all the documents required to close the deal. The Closing Coordinator is typically an independent professional that is involved in many different real estate transactions and will communicate with the buyer, seller, real estate agents, appraiser, the Notario, bank of the Fideicomiso, and the government agencies. They are an impartial representative and organize the groundwork for the Notario. Although the Closing Coordinator may be an attorney with experience in real estate transactions, he or she is not your Real Estate Attorney and...

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The Loss of a Mexican Temporary or Permanent Residence Card

What do you do if your resident card is lost, stolen or destroyed? If you lose your temporary or permanent resident card in Mexico, you will need to go to the Immigration office to apply for a replacement card. Provided your card is still valid you may replace it by providing your passport, identification and travel documents that prove you have a condition to stay in Mexico. Also provide the original receipt of your payment to IMN, complete application, photos 2.5 x 3 cm, two face frontal view, and one of the right side of the face, white background with forehead and...

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