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Legal Services

MEXLAW > Legal Services (Page 12)

Common Questions About Mexican Family Law

If you are a foreigner and married, living common-law or raising a family in Mexico, you should understand the family laws you may face here. Find out how the laws and procedures may differ from Canadian and American family law. Here are some of the most common questions foreigners have about family law in Mexico. How are the family assets divided in Mexico during a divorce? Typically the division of assets is 50/50, but it is important to note that the judge basis the division only on the assets that were acquired by the couple during the marriage, no matter which person brought...

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Mexican Property Tax Facts for Expats

As an expat living and investing in Mexico, you will be responsible for taxes if: You own property in Mexico You earn an income from renting your home to others in Mexico You earn an income in Mexico You sell your investment property in Mexico Living and investing between two countries can be complicated, it is best to consult an international tax law attorney in Mexico to guide you through the tax system. Who collects the Taxes in Mexico? SAT Servicio de Administración Tributaria also known as The Hacienda collects all Federal taxes in Mexico. When you acquire property in Mexico you will be...

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Can I Cancel My TimeShare Contract in Mexico?

It is easy to be caught up in a sales pitch while you are dreaming of owning a place in Mexico. The sun, beach and of course all the free incentives the salesperson is offering is very alluring. They make it sound so simple to own a little piece of Mexico. There are many legitimate vacation or timeshare companies, but you need to be aware of the less scrupulous timeshare companies in Mexico. Take the time to investigate these promises, the cost of this investment and the how to get out of a timeshare contract. Protect Your Investment Take time to understand...

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A new business entity for corporations in Mexico

Beginning September 15, 2016, a new business entity for corporations will be available in Mexico. According to the Official Federal Gazette, an entity called Sociedad por Acciones Simplificada — (SAS) Simplified Stock Corporation. This new amendment to the corporation law was created in an effort to stimulate small business and encourage entrepreneurship in Mexico. The new system promises to be an effortless and quick way to get started in business, but is it the right corporation entity for you? The Promise of Doing Business Under SAS No longer require a minimum of 2 partners to form a company, a single business owner...

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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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