ProMexico and Mexico Trade Negotiations
New Head Appointed for ProMexico President Felipe Calderone has appointed Carlos Guzman Bofil as the head of the country’s investment and export authority known as ProMexico. Mr. Guzman has a bachelor’s degree in chemical engineering from Iberoamericana, a Masters in engineering from the Massachusetts Institute of Technology (MIT) and a Master’s degree in business administration...
Title Insurance
The Essential Protection for Mexican Real Estate
Title insurance is available in Mexico. A title policy, issued in conformance with Mexican law, will protect the amount of the buyer’s investment. Canadian newspapers carried stories recently about the eviction of land owners in an area known as La Manzanilla, located on beautiful Tenacatita Bay, between Puerto Vallarta and Manzanillo on the west coast...
Capital Gains Tax
On the Sale of Your Vacation Home
Real estate investors always have a lot of questions about income tax on capital gains. Instead of writing an article giving a full explanation of how this tax is calculated, deducted, exempted and paid, I prefer to share with you the most frequently asked questions made by property owners and tax payers. What is the...
Meetings, Developments, Investments
and Retiring in Mexico
The Mexican Association of Real Estate Professionals (AMPI) recently held its 39th Annual Conference and Trade Show in Monterrey, N.L. Members assembled from across Mexico to exchange ideas, hear speakers on various subjects of interest, network, socialize and hold AMPI’s annual meeting. Two special events took place during the week. The first was the signing...
Living in a Rental Home in Mexico
...taking the big step by small measures!
Oftentimes it makes sense for newcomers to an area to rent a home prior to making a purchase. This provides an opportunity to explore, to learn the neighborhoods, and then begin to understand the personality of the city or town before making the leap to a purchase and a more permanent commitment. Everyday more and...
Major Real Estate Meetings
Both the Mexican Association of Real estate Professionals (AMPI) and the National Association of Realtors® (NAR) will be having educational events, in the middle of the fourth quarter of 2010. The National Association of Realtors will meet in New Orleans November 5-8th, for NARDI gras. A wide variety of educational events will be included along...
Property Taxes
On your vacation home
Just as in any other country, Mexico depends upon income from the annual tax on property to keep local governments functioning and provide important local services for the region… The good part is that the annual tax assessed on Mexican properties is often less than it might be for property in many other countries! And,...
Mexican Competitiveness
In the Global Marketplace & A Glimpse of Michoacán
Mexico Has Become the Best-Cost Country for Manufacturing Mexico is now considered the best country for the United States to do business with, according to the business advisory firm AlixPartners’ recent study on manufacturing and outsourcing costs index. The study provides American companies who do international businesses, with more accurate and understandable information of foreign...
Condominium Law in Guerrero
This article covers condominium law in Mexico, how a condominium legally works and what are the rights and obligations of owners. Governing rules The governing rules for condominiums are the Condominium Ownership Law No. 557 of the State of Guerrero (referred to here as the Law), and the Condominium Regime, which contains the individual condominium...
Perspectives on the Real Estate Industry
The 19th Real Estate FORUM The 19th Real Estate FORUM was presented this year by the Guadalajara section of the Mexican Association of Real Estate Professionals (AMPI) with more than 400 realtors in attendance for talks, Perspectives on the Real Estate Industry. Following the national anthem and parading of the flag by the drum and...
Terrenos Ganados al Mar
Land Gained to the Sea
The following information concerns all beach front lot owners: Recently the environmental authorities have partially released an official and general survey of all Federal Maritime Zones that border the coastal areas of this State. This official survey is only being carried out in the state of Guerrero. It describes the areas known as Terrenos Ganados...
2008 Tax Law Update
Flat Tax Law, law on cash deposits tax, and how to legally minimize your Income Tax payment on Capital Gains
Let’s say it once: It is not a matter of avoiding the pain for the pain is inevitable; it is a matter of choosing the consequences of pain. – Maurice Maeterlink, Belgian writer I. Flat Tax Law (IETU) On January 1, 2008, the Flat Tax Law 2008 (Ley del Impuesto Empresarial a Tasa Unica or...
