The Sociedad Anonima de Capital Variable, translated literally is an anonymous society of variable capital. This is equivalent to the U.S. corporation in which there are stockholders. In Mexico it is governed by the Law of Mercantile Societies. More and more, foreigners are forming Mexican mercantile corporations … [Read more...] about Mexican Corporations- An Option for Holding Mexico Real Estate
Using the Apostille in the Mexico Real Estate Transaction
In the Mexico real estate purchase process, the ONLY authority permitted to draft a deed transferring real property or an interest in real property (such as the Mexico Bank Trust) is the Mexican Notary Public This person is different from a Notary Public in the United States where a simple exam, bond, and a rubber … [Read more...] about Using the Apostille in the Mexico Real Estate Transaction
Mexico Real Estate Tax Requirements in the U.S.
U.S. taxpayers are required to file certain reports with the U.S. government if they own property in Mexico, have a business in the country, or are shareholders in Mexican corporations Uncle Sam, U.S. tax watchdog, has instituted a voluntary disclosure program for those people who may have omitted reporting in the … [Read more...] about Mexico Real Estate Tax Requirements in the U.S.
Mexico Real Estate Purchasing Process; The Foreign Relations Permit
If the Mexico real estate property you are purchasing is already in a trust (fedeicomiso) you may either: request assignment of the rights to you, or may request a new trust for fifty years If a new trust, a permit from the Secretary of Foreign Relations is required Whether a new trust or an assignment of rights, the … [Read more...] about Mexico Real Estate Purchasing Process; The Foreign Relations Permit
Mexico Real Estate Closing Costs, How to Avoid Unpleasant Surprises
Mexican law says that Mexico real estate taxes must be paid on the higher of the following: purchase price OR appraised value Since many appraisals in the La Paz real estate market are lower than the actual selling price your taxes will be condisderably lower if the appraisal value is declared Payment on this basis has … [Read more...] about Mexico Real Estate Closing Costs, How to Avoid Unpleasant Surprises
Purchasing Your Mexico Dream Home; Condo Regime Part 6
Mexico Condominium Regime; Investigate the Status A word of caution for those who are considering the purchase of a Mexico condominium or a lot in a subdivision Just as in other countries, the unit, or lot must be legally described and an individual property tax number issued This individual property must be … [Read more...] about Purchasing Your Mexico Dream Home; Condo Regime Part 6
Purchasing Your Mexico Real Estate Through Seller Financing
The Mexico real estate market has gone through various changes over the last several years Title insurance, escrow accounts, and financing are new options and tools now available to help the non-Mexican acquire La Paz real estate properties and even properties throughout various regions of Mexico. Until recently, most … [Read more...] about Purchasing Your Mexico Real Estate Through Seller Financing
Purchasing Your Mexico Dream Home; Condo Regime Part 5
I have various articles written on the subject of How to Buy Your Mexico Home, if you wish to follow this series please click here to see the first post on PURCHASING YOUR MEXICO DREAM HOME Below I continue the series discussing the Mexico Condo regime. INVESTIGATE THE STATUS OF THE MEXICO CONDO REGIME A word of … [Read more...] about Purchasing Your Mexico Dream Home; Condo Regime Part 5