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MEXLAW > Blog (Page 11)

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

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...

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Setting up a corporation in Mexico

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 Corporation, we need to take into consideration how many shareholders...

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What You Need to Know as a Foreigner with a Child in Mexico

If you have a child in Mexico as a foreigner, it is important that you know about the child support laws and the newest amendment that came into effect as of April 16, 2016. Going forward, anyone who is overdue on their child support payments will be stopped by immigration when they attempt to leave Mexico. With the increasing support of technology and better tracking of debt owed to custodial parents, it will continue to become more difficult for parents that do not make their child support payments to avoid them. More and more children are born into dual nationality families,...

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Immigration to Playa del Carmen

Mainly Canadians and Americans are seeking temporary and permanent visa for residence in Playa del Carmen, as some foreigners decide to buy a home for retirement in Riviera Maya or spend a longer vacation to avoid the chilly temperatures in their hometowns. Adriana Vela, migration specialist from MEXLAW, said that some foreigners who buy property in the Riviera Maya are looking to get their residence because of the advantages, one of which is the exemption from  capital gains tax when selling their property. Adriana Vela said, that the majority of the foreigners who approach the firm she represents , are 60% Canadians...

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Considerations for Moving to Mexico from the USA

A Few things for Americans to Consider When Moving to Mexico Do not come from the USA and expect life to be the same as it is at home. Life is different in Mexico, we enjoy a slower pace and it takes time to adjust. Patience is the key, you must be open and ready to experience a new culture and relaxed lifestyle. When considering a move to Mexico, take time on the ground to figure out  where you will live. Whether you are purchasing a home or renting, we would advise that you do not sign a long term rental contract...

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