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Mortgaging Real Estate Investments in Mexico

Mexico is the most popular country for Canadians and U.S. citizens looking for a second home or retirement investment. The cost of investing, taxes, and maintenance are considerably lower in Mexico. Most foreigners move to Mexico for the culture, food, and the weather, but for many others finances play the key role, realizing their nest egg may not be adequate for them to retire comfortably. You can enjoy a greater quality of life living on a fixed income in Mexico. One of the advantages of purchasing Mexican real estate is that it will practically pay for itself with the potential to...

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Transportation Laws: Is Competition In and Monopolizing Out in Quintana Roo?

On May 28, 2018, the Quintana Roo Congress unanimously approved the State Mobility Law. Among other points this new law makes way for digital platform transportation companies like UBER, a long-awaited solution to some of the issues passengers have with the current system. The taxi union in Quintana Roo have had a monopoly on transport for years; this new law opens up the market for fair competition of transportation companies. The new regulations will allow a safer, and more reliable option for users of public transportation. Regulated prices and safety are currently the most significant concerns for the public using taxi...

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Considerations Regarding Hiring and Firing Employees in Mexico

Mexico’s labor laws favor the side of the employee; it is crucial as a business owner to understand the labor laws in Mexico before hiring or firing an employee.  It is important to screen your potential employees for the right fit as firing an employee can be expensive and complicated. Confirm their immigration status: The company owner is obligated to ensure all employees have the legal right to work in Mexico. The business owner may resolve the matter by offering the candidate a job offer, but ensure their immigration status is resolved before hiring them to avoid fines to the...

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Determining a Personal Injury Case in Mexico

If you have experienced an injury, physically, emotionally or financially in Mexico, you may have grounds for a Personal Injury Case. The legal definition of personal injury refers to the harm done to the body caused by someone else’s actions. In the case of injuries occurring in tourist areas, resorts or tourism activities, the Tourism Law for the State of Quintana Roo clearly states that any tourism service provider must implement all necessary security measures to ensure the guest the safe enjoyment and use of facilities, goods, and services offered. You have a claim for compensation and damages in Mexico if...

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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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