The Apostille
Making a document legal for use in Mexico
In Mexico, the ONLY authority permitted to draft a deed transferring real property or an interest in real property (such as the fideicomiso) is the Mexican Notary Public. This person is different from a notary public in the United States where a simple exam, a bond, and a rubber stamp can make a notary public...
Ejidal Property
Is it a bargain…or a problem?
EJIDAL (EEEE-heee-doll) properties were established in Article 27 of the Mexican Constitution of 1917 as an outcome of the Revolution and represent probably 50 percent of all the land in Mexico. After the Revolution hundreds of millions of acres from the original Spanish land grants were expropriated by the government and classified as ejidal properties....
Real Estate & Finance
On-Going Annual Obligations
Now that I have bought property in Mexico, what do I have to do to keep everything current? For a foreigner, buying property in Mexico is a new and different experience. Most foreigners spend time researching the procedure of buying property, setting up a trust or a corporation and becoming familiar with the different permits...
Mexican Capital Gains Tax
...and how your deed declared property value affects it
Just as in the United States or Canada, the foreigner selling his trust rights in real estate must pay a tax on his profits to S.A.T., previously known as Hacienda, Mexico’s version of Uncle Sam. None of us like to pay taxes but we’ve become accustomed to paying them in our own countries and, believe...
Real Estate & the Law in Mexico
what is a presta nombre?
If you have ever thought of investing or have invested in Mexican real estate you have probably heard the word presta nombre used. But what is a presta nombre? Most people that I have talked to or worked with that have used a presta nombre describe it to me as “the man (or woman) whose...
