In an effort to protect Mexico’s financial system, the Anti-Money Laundering Law was created. The goal of this law is to offer a healthy economy, which is attractive for investors. At the same time, this law intends to identify and provide clear guidance of any “vulnerable activityâ€. In other words, any unknown … [Read more...] about Things You Should Know About the Anti-Money Laundering Law
Mexico laws
Mexico’s New Tax Reforms – Could They Affect Interest in Foreign Real Estate Purchases?
With the incredible coastlines, attractions, weather, low cost of living and healthcare, Mexico has become a preferred destination for retirement, full time residency and real estate ownership for Americans and Canadians. Friday November 1st the Mexican Congress passed the first part of the proposed Mexican reforms … [Read more...] about Mexico’s New Tax Reforms – Could They Affect Interest in Foreign Real Estate Purchases?
“Buyer beware in Mexico!†How Big is the Risk of Legal Issues?
 “Buyer beware in Mexico!†reads a giant headline in one of Canada's leading national newspapers – The Globe and Mail. What's the message? Are they telling you something that brokers and sellers in Mexico won't? If you read the article's information – a story about “a property dispute that has put … [Read more...] about “Buyer beware in Mexico!†How Big is the Risk of Legal Issues?
No More Bank Trust for Mexico Real Estate Buyers?!?
Yesterday, a reliable Mexican newspaper called Milenio announced that 3 of Mexico's federal representatives have proposed a bill to remove the need for ownership by means of a Bank Trust (or "fideicomiso" in Spanish) and allow for direct ownership. If this bill is passed to law, it would make it simpler and even less … [Read more...] about No More Bank Trust for Mexico Real Estate Buyers?!?
Mexico Real Estate & the New Immigration Laws! Part I – Residency Status & Requirements
Mexico’s immigration and residency laws are a very important theme for anyone considering buying Mexico real estate, since most buyers will be living in Mexico at least part time among other related benefits and paperwork. The theme is especially exciting now since in early November, the government implemented a new … [Read more...] about Mexico Real Estate & the New Immigration Laws! Part I – Residency Status & Requirements
After Your Mexico Real Estate Purchase – Access Funds from Back Home through ATMS
While working with your agent to complete your Mexico real estate purchase, you will also want to start planning various parts of your life in Mexico. One of the most important is having access to your funds from back home. There are number of options to consider; eventually, when you will want to know the Mexico … [Read more...] about After Your Mexico Real Estate Purchase – Access Funds from Back Home through ATMS
What makes a Mexico real estate contract legal and binding?
An Agreement is defined by Mexican Legislation and the Mexico law as a voluntary pact to create, transfer, modify and/or extinguish rights or obligations; furthermore The Federal Mexican Civil Code and legal doctrine establishes that an agreement is binding when the following elements are met: Existence Items.- … [Read more...] about What makes a Mexico real estate contract legal and binding?