What You Need to Know About Your Rental Property and Mexico’s tax laws.

Posted by Mexlaw

The Mexican Government has made it possible for foreigners to acquire property in the restricted zones in Mexico. Now foreigners can purchase beach front property, and many will use this property as a rental income property. For years foreign property owners have not paid their rental income taxes. Vacation property income seemed to fall under the radar of taxable income in Mexico, until recently. Whether you are investing in Mexico, doing business in Mexico or retiring in Mexico, you need to learn about the Mexican tax system. Consult a tax attorney in Mexico when you make an investment purchase or rent...

08 March

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Canadians Retiring in Mexico 6 Months at a Time

Posted by Mexlaw

in Legal Services, Real Estate

So you want to live in Mexico, but you are not quite willing to give up the comforts of home? Although most Mexican real estate developments are much more luxurious than what we are familiar with back home, such as infinity pools and ocean views, still some Canadians living in Mexico are only spending half their time in Mexico and half in their home country. There are some benefits to this lifestyle, including maintaining your home country’s residency and health care. You may enjoy your summers in your home country and then escape the cold, rainy winters by heading to Mexico,...

08 March

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Canadians Buying Real Estate In Mexico Urged To Use A Trusted Mexican Law Firm

Posted by Mexlaw

in MexLaw, Real Estate

Canadians buying property in Mexico are advised to hire a law firm in Mexico to represent them and protect their investment. There are many attorneys in Mexico, but MexLaw is the only Mexican based real estate law firm that is owned and operated by licensed Canadian and American Lawyers that have partnered with Mexican lawyers. You will have the best of both worlds on your team. Being a law firm in Mexico you will benefit from their business contacts such as health and home insurance providers, accountants, real estate agents and developers, almost everything from decorators to landscapers. Some foreigners wish to...

08 December

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FAQ…HOW TO PURCHASE PROPERTY IN RIVIERA MAYA AS A FOREIGNER

Posted by Mexlaw

in MexLaw, Real Estate

Is it safe for a foreigner to purchase land in Mexico? Property that lies within 50 kilometers (31 miles) of the coastline or within 100 kilometers (62 miles) the borders of Mexico is in what is considered to be the Mexican Restricted Zone. In the past 30 years Mexican laws have changed and are more accommodating to foreigners, including citizens from the United States and all other countries, allowing them to buy, indirectly, the rights to hold and develop or make improvements, to occupy, sell or rent the property. How can I buy real estate within a Mexican Restricted zone if I...

03 December

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Oral Trial Courtrooms Open in Playa del Carmen

Posted by Mexlaw

in MexLaw, Real Estate

The opening of Playa del Carmen’s first oral trial courtrooms will change the system of administration of justice. Many administration mistakes will be avoided, guaranteeing that criminals will be prosecuted correctly. Parties will be appropriately allowed to present their cases and be judged by the applicable law and facts, without fear of personal interpretations or judgments undermining their case.