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MexLaw

MEXLAW > MexLaw (Page 30)

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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Considerations for Moving to Mexico from the USA

A Few things for Americans to Consider When Moving to Mexico Do not come from the USA and expect life to be the same as it is at home. Life is different in Mexico, we enjoy a slower pace and it takes time to adjust. Patience is the key, you must be open and ready to experience a new culture and relaxed lifestyle. When considering a move to Mexico, take time on the ground to figure out  where you will live. Whether you are purchasing a home or renting, we would advise that you do not sign a long term rental contract...

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Foreigners Doing Business in Mexico

Doing business in Mexico may be just what your company needs to prosper, with lower wages for skilled workers and lower transportation costs since Mexico is situated closer to the US and Canada, than, China or India for example. Location also ensures faster production turnaround time, not to mention ease of communication, and similar time zones. Since, Mexico is a part of The North American Free Trade Agreement NAFTA, between Mexico, Canada and the United States there are many benefits to doing business in Mexico. NAFTA eliminates tariffs between the countries and has built in agreements and legal processes, with international...

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