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Author: MexLaw

MEXLAW > Articles posted by MexLaw

The Basics of Condo Insurance for Expats Investing in Mexican Real Estate

Whether you are buying property in Mexico as a home or an investment, you have already discovered the high investment potential of Mexican real estate and will want to protect it. Some expats have put every cent they have into their new dream home and are looking forward to retiring in the warm weather. There are also expats who think of it as a business, buying one or more vacation rentals that create revenue while they are back home. As a property owner anywhere you need to purchase homeowners insurance to protect your investment, Mexico is no different. One difficulty expats experience...

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One Million Dollar Wrongful Death Case Settled in Mexico

MexLaw recently settled a wrongful death claim out of court for one million USD; this is one of Mexico's largest out of court settlements in history. The case was settled to the mutual satisfaction of all parties within nine months. When tragedy touches your life, you need a litigation law team that can obtain the fair restitution you deserve. Trials can drag on for years, they are costly and emotionally draining and delay the healing time of the victims. This tragedy took place in Mexico, making it extraordinarily unusual that the settlement was this substantial since in most cases the...

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Time Restraints and Mexican Immigration

These are some of the most common questions we receive regarding immigration and time restraints in Mexico. When I arrive in Mexico as a tourist how long can I stay? As a tourist, you will enter Mexico on a Visitors Permit (FMM) this permit will typically grant you a maximum 180 days which cannot be renewed in Mexico, you must leave the country before it expires. If by chance you overstay your permit, you will be required to report to INM immigration at the airport and pay a fine before you leave. How long do I need to stay out of the...

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Economic and Investment Certainty

Published: Real Estate Market.com.mx Monday, 01 October 2018 Written by: Ricardo Vázquez At the beginning of the last quarter of the year 2018, in economic and financial matters, it stands out that the main factors of uncertainty have been defused and left behind. The first of these was the federal election, where the broad triumph of Andrés Manuel López Obrador did not generate any post-election conflict, and we are observing a smooth transition so far. The second element is the signing of a new version of the old North American Free Trade Agreement between the United States, Canada, and Mexico, formerly NAFTA,  now the United...

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Several Large Hotel Developments Demonstrate Continued Growth in Mexico’s Tourism Industry

Mexico’s Secretary of Tourism reported 40 million tourists visited Mexico in 2017, and 10.6 million tourists arrived during a record-breaking first quarter of 2018. Tourism in Mexico continues to grow; it is no wonder some of the largest hotel and travel companies continue to invest millions of dollars in Mexico. This week Air Transat announced their plans to develop a hotel chain in the Riviera Maya. Air Transat is a leading international tourism company based in Montreal, Canada. They have purchased property in Puerto Morelos in the Riviera Maya 20 minutes from Cancun to develop a beachfront resort. They have also...

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