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MexLaw

MEXLAW > MexLaw (Page 3)

Top 8 Reasons Foreigners Purchasing Real Estate in Mexico Hire a Lawyer

Red Tape There are several procedures to complete, information to verify, and the process may be intimidating if you do not speak Spanish or have the proper representation. Your lawyer will deal with the various government agencies so you can avoid all the red tape, including, obtain the current cadastral (property survey) and submit the permit to the Mexican Ministry of Foreign Affairs. Coordinate the parties involved in the transaction, make arrangements with the banks, notary, and the seller. Only in Your Best Interest The notario is an experienced lawyer licensed by the Federal Government and the State, but the notario is...

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Quick Facts About Investing in Mexican Real Estate Through an IRA

Did you know you can increase returns on your pension savings by purchasing Mexican real estate through a self-directed IRA? The majority of us invest our pension automatically and do not pay attention to the rate of return that the plan is generating. With this alternative investment, you can take control of your retirement. U.S. citizens can increase returns on their investments by making the right choices and reduce fees and administrative costs payable to brokers and advisors. The IRS allows foreign real estate as an alternative investment; provided you follow the rules set out by the IRS, it is essential...

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The First Steps of Moving to Mexico, Visa Process Step by Step.

You have decided to relocate to Mexico; do you know how long you want to stay? If you have already fallen in love with Mexico and know you want to stay indefinitely and you have a sufficient monthly income or substantial assets you may want to apply for Visa de Residente Permanente – Permanent Resident Visa. A Permanent Residency never expires, and you may enter and exit Mexico as you please. If you are still checking it out, but want to remain in Mexico more than 180 days you should apply for Visa de Residente Temporal – Temporary Resident Visa. This...

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Helping Homeowners Preserve the Architectural Heritage in Merida

The city of Merida implemented an incentive program to promote conservation of the buildings within the historic center. According to the government website the project consists of 3,906 properties with an area of ​​8,795 km² known as the Centro Histórico. The Facade Rescue Program began with a goal to recover and conserve heritage buildings, return them to their original image, improve urban architecture quality in the area, promote the historical value and encourage owner participation. The municipality takes care of the necessary permits, provides skilled labor and supervision, and the owner of the home is responsible for the materials and...

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Achieving Your New Year’s Resolution by Relocating to Mexico

People often dream about moving to a foreign country but do not always make it happen; it is our opinion that some of the most common New Year's resolutions could be achieved by relocating to Mexico. We took a look at 10 of the most common New Year's resolutions for 2019, and the best way to keep these resolutions. Save money and spend less It is a well-known fact that Mexico offers a less expensive, better quality of life than the rest of North America. You will spend far less money on housing, condo fees, property tax, food, and transportation....

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