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MEXLAW > Blog (Page 3)

Foreigners Living in Mexico Need Estate Planning

The Embassy of Canada in Mexico recently published a reminder to all Canadians living or working abroad, specifically in Mexico. The focus of the reminder was on Canadians residing in Mexico, but all nationalities are reminded to consider the possibility of passing away outside of their homeland. When a loved one dies while living in another country, it makes an emotional situation even more stressful. Documenting your wishes can save your friends or family a great deal of stress and aggravation. Death is not a subject we enjoy discussing, but in the circle of life it is inevitable, you may as...

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Considerations for Foreigners Choosing an Insurance Broker in Mexico

There are many insurance companies out there, and they all claim to provide the most comprehensive policies and the best customer service. Clients living in Mexico need to expect more from their broker than someone living in the US or Canada. Resolving anything in Mexico can be a challenge as there are always hoops to jump through and a lot of red tape. You need to make sure your broker knows their way around the Mexican system. When an incident occurs, it is too late to feel uncertain about how your claim will be resolved, choose wisely, pick a company...

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Foreign Investors in Mexican Businesses Should Consult an Accountant

MexTax Accounting Services Mexican corporations can be 100% owned by foreigner investors enabling them to operate businesses in Mexico. Mexico’s legal system and tax laws for corporations do not discriminate between foreign business operators and Mexican National owned businesses. Foreigners starting a business in Mexico should know the importance of hiring an experienced local accounting adviser. It is well known that small companies, as well as the largest corporations, need an experienced accountant who can provide them with adequate advice regarding their financial, administrative and fiscal needs, to ensure they make the correct decisions concerning their financial and tax obligations in Mexico. Many...

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Better Safe Than Sorry: Are You Prepared for Hurricane Season?

It is hard to imagine with the beautiful weather we are experiencing here in Mexico that it is hurricane season. Hurricane season begins June 1 through the end of November. Typically, we only experience sporadic wind and rain, but we have to be aware how quickly mother nature can turn. If you are traveling to Mexico during hurricane season, you will want to purchase travel insurance. If you live near the coast in Mexico, here are some precautionary steps to consider. Insurance First of all, is your home and vehicle insured? Keep in mind most home insurance policies do not include...

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Get Here Sooner by Investing in a Mexican B&B

How do you escape the rat race, and give up working long days and dreaded commutes? Most people work hard all week and struggle to make ends meet, waiting all year for that one vacation in Mexico to get away and unwind. What if that vacation in Mexico was actually your life? Foreigners who are not financially ready to retire but are ready to enjoy life are investing in a rental property or home big enough to operate a B&B. Get a jump start on your retirement life while the rental income supplements your income. Expats living in Mexico are enjoying...

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