Dear readers:Although we consider imitation a form of flattery our focus has been to always provide our clients with the best service possible since we started our business in 2003, hence this note to clarify. We believe that after receiving a number of emails and phone calls from clients looking for “Salvador” its time to […]
Here are some subjects we are going to talk about in the coming days: Estate planning 1. What to do in the event of death of a family member in Mexico. 2. Mexican Will vs Fideicomiso (Mexican trust). Real Estate: Selling/buying property «as is» in Mexico. Closing & Escrow companies in Mexico. Contact us if […]
One reason for being concerned with this issue is the tendency of many foreign individuals buying Mexican homes to use their “house” in a commercial activity in order to offset the costs of maintenance and Fiduciary (bank) fees. Legitimate Hotel and inn owners frequently complain of the many foreigners owning houses in Mexico who rent […]
THE IMPORTANCE OF CHOOSING the RIGHT BANK FOR YOUR REAL ESTATE TRUST (FIDEICOMISO) IN MEXICO What is a FIDEICOMISO and what does it have to do with a Bank? FIDEICOMISOS (Real Estate trusts) are the only 100% legal way in which a foreigner can have property in the restricted zone of Mexico (located within a […]
Escrito por: Guillermo Rodriguez Mellado CONFERENCIA DICTADA POR EL C.P. CARLOS KASUGA OSAKA, Director General de Yakult, S. A. De C.V. (Fina cortesía de Guillermo Rodriguez Mellado) “Soy hijo de inmigrantes japoneses que en los años 30 tuvieron la gran visión de escoger esta tierra y con moldes japoneses me hicieron. Fabricantes japoneses pero ensamblado en […]
Hola Amigos y Clientes: I’m back with renewed energies, hoping that I will be able to publish more USEFUL articles than in the past which were very busy years for me. During my last visit in San Diego, California I ran across an article in the San Diego Union tribune News paper. It talked about […]
HOLA AMIGOS Y CLIENTES,MOST OF YOU ARE ALREADY ENJOYING OUR WONDERFUL WEATHER IN B.C.S, OR YOU ARE ON YOUR WAY.I AM SURE A LOT OF YOU HAVE HEARD THE NEWS ON MIGRATORY FORMS (FM2, FM3, ETC) FOR 2010; THE NEW PLASTIC FM3, THE REGULATIONS CHANGES, THE INTERNET APPLICATION… BUT DO YOU KNOW WHAT IT IS […]
Dear Friends and clients; This is to inform you that the Municipality is offering 40% discount on your property taxes if you pay before November 1st. of 2010 Take advantage of this opportunity and save yourself a few pesos. For more details call us. Best to all from the Paper Chase team.
DEAR PAPER CHASE CLIENTS: I THOUGHT IT WOULD BE GOOD IDEA TO CLARIFY A “COMPLICATED” MATTER WITH EJIDO LAND. FACTS: EJIDO PROPERTY IS OWNED BY A COMMUNITY OF EJIDATARIOS (MORE THAN 100 PERSONS IN MOST CASES); IN OTHER WORDS EVERY EJIDO MEMBER OWNS AN INDISTINCT PIECE OF THE TOTAL LAND OWNED BY THE EJIDO. EJIDO […]
FIDEICOMISO FISCAL Are you thinking about renting your vacation property in Mexico? or are you already renting your property in Mexico? Do you know the fiscal implications of renting property in Mexico? Keep the following in mind: Earning rental income from your vacation property, if it is in fideicomiso, must be reported with mexican revenue […]