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Legal Services

MEXLAW > Legal Services (Page 13)

Can I Cancel My TimeShare Contract in Mexico?

[vc_row triangle_shape="no"][vc_column][vc_column_text]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...

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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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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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