The Cost of Living in The Riviera Maya

Posted by Mexlaw

It seems hard to believe you can have a better life and live close to the Caribbean sea for less money than you pay now. Life in the Riviera Maya costs less, of course, this depends on your lifestyle, but you will receive more for your buck here in Mexico. You will afford some of the luxuries you may not be able to afford in the rest of North America. For example, two people living on $2000 USD a month can afford to rent a beautiful condominium near the beach, with all the amenities you dream of, including a swimming pool,...

29 August

0 Comments

Sticky

Top 5 Considerations When Buying Real Estate in Mexico

Posted by Mexlaw

in Real Estate

Buying a new home is a major decision it is both an exciting and a stressful experience, these are 5 points you need to investigate before you buy. Consider The Resale Value Do not fall in love with a property before you do your homework regarding its potential resale value. Some experts say you need to think like a seller, not a buyer. Check out the market trends in the neighborhood, what developments or changes are planned for the area? The reputation of a community will affect the resale value of a home, Investigate the crime in the area, and traffic...

08 July

1 Comment

Sticky

Mexican Property Tax Facts for Expats

Posted by Mexlaw

in Legal Services

As an expat living and investing in Mexico, you will be responsible for taxes if: You own property in Mexico You earn an income from renting your home to others in Mexico You earn an income in Mexico You sell your investment property in Mexico Living and investing between two countries can be complicated, it is best to consult an international tax law attorney in Mexico to guide you through the tax system. Who collects the Taxes in Mexico? SAT Servicio de Administración Tributaria also known as The Hacienda collects all Federal taxes in Mexico. When you acquire property in Mexico you will be...

07 July

0 Comments

Sticky

A new business entity for corporations in Mexico

Posted by Mexlaw

in Legal Services

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...

31 May

1 Comment

Sticky

Protect Yourself From Mortgage or Construction Liens During Your Mexican Real Estate Purchase

Posted by Mexlaw

in MexLaw, Real Estate

Imagine having your dream home in Mexico, you are relaxing on your deck in the warm sun and looking out onto the beautiful Caribbean ocean. Life is amazing. It took all your savings but it is worth it. You are finally retired and you have arrived at your destiny. But, did you use a real estate attorney during your real estate purchase? If not, you have put yourself at risk of losing your brand new home. It is very important for foreign buyers to use a professional attorney in Mexico when purchasing property. They will do a comprehensive title search before you...