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MexLaw

MEXLAW > MexLaw (Page 6)

Some Basic Facts About Gun Control in Mexico

Do you know it is illegal to enter Mexico with a firearm without a permit from Secretariat of National Defense? Mexican customs agents do not issue gun permits; this permit must be processed before you attempt to cross the border with any type of firearm or ammunition. Anyone entering Mexico with a firearm or ammunition without a permit could face up to five years in prison. All arms must be registered with the Secretariat of National Defense https://www.gob.mx/sedena in accordance with the Federal Law on Firearms and Explosives. The Directorate of Commercialization of Arms and Munitions (Dirección de Comercialización...

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Mexico Ranks Number One in Online Real Estate Search

When people living in the US are searching for a second home to purchase, Mexico appears to be the favorite investment location. The real estate website Point2Homes researched the most popular real estate searches of people living in the US and looking for a second home. Their article states that they tracked the Google searches from January 2017 to January 2018. Their research included keywords, homes for sale abroad and in countries in the Americas. The most popular search was Mexico at 63,890 monthly searches from US users. 64,000 monthly searches for real estate in Mexico during 2017, ranking it...

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Top 8 Reasons to Live in Puerto Vallarta

The weather Shake the winter blues and get some sunshine. The Pacific coast of Mexico offers warm weather year round. The Pacific Ocean The ocean is known to revitalize your body, mind, and soul. Put your feet in the sand and let the sea take your worries away. The low cost of living Possibly one of the top reasons people are moving to Mexico is to achieve a lower cost of living. If living in the US or Canada is causing a financial strain, give yourself a financial break come and live in paradise. Everything from real estate to beer is less expensive in...

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Advice From the Accountants at MexTax About Capital Gains

Real estate transactions in Mexico typically involve a profit for the seller, and on that profit, the seller is expected to pay capital gains tax. The tax is classified as ISR (Impuesto Sobre la Renta) and applies as an income tax. Whether you are a foreigner or Mexican national, you will be subject to this tax. However, an experienced Mexican accountant can assess your situation and find the best way to reduce or avoid the capital gains tax. Before you complete the sale of your property, you are advised to seek the advice of an accountant in Mexico. The assessment...

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Generate Income From Seller Financing

Most people would agree that selling your home is one of the most stressful events in one's life. It is time consuming, emotional, and a lot of work with repairs and touch-ups. Also, the endless housekeeping to make sure it is presentable for viewing at all times and leaving the property each time a realtor calls. It feels as though your life is literally on hold, just waiting for the big sale so you can walk away and begin a new chapter in your life. It is no wonder most of us just want it over and done with it....

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