All foreigners to Mexico who apply for and receive an FM3 permanent residence document are carefully instructed by the Mexican officials that the newly documented resident has the one-time right to import his used household furnishings to Mexico without the necessity of paying import duties. This is the story of one such resident who decided […]
Continue ReadingExpats living in Mexico have other considerations and better economic choices not commonly shared with the short-term traveler. First, there is no need for evacuation to a home country. Second, because many expats have developed a working understanding of Spanish and a comfort level with Mexican culture, they can often find lower costs for just […]
Continue ReadingIt was just about five years ago that my friends started to disappear from the streets of the little Mexican villages on the shores of Lake Chapala where I had retired some three years earlier. At first I thought they were sick or had moved back to the “old country” but then I met a […]
Continue ReadingPosted by jennifer rose on January 25, 1999 Although “citizenship” and “nationality” are bandied about interchangeably, they are separate and distinct concepts. The Mexican Law of No Loss of Nationality, which went into effect in 1998, makes the procedure quite simple. Until at least 2003, the application can be made at the Mexican Consulate having […]
Continue ReadingPosted by alex in TJ on Mayo 02, 2000 HOUSING: There are two nice areas of Tijuana. Playas de Tijuana is the little strip between the Ensenada toll road and the ocean. The other is near the American Consulate north of Aguas Calientes and is more centrally located. Rents run $350 to $400 per month, so […]
Continue ReadingLate last year (2001) the Mexican Congress decided to get off their behinds and bring about a badly needed tax reform. Not liking what President Fox proposed, they waited until the very last days of of the year to seriously discuss and pass new laws. Unfortunately, there is general agreement among tax and constitutional attorneys, […]
Continue ReadingLike many a traveller, you’ve come to Puerto Vallarta, let’s say from from Portland, Oregon, looking for an escape from the cold and the office. A little romance in a tropical paradise would be nice too! What you did not expect was to fall in love with the city and its charms: the beaches, the […]
Continue ReadingIn the wake of the tragedy of 11 September, 2001, I was reading as much news as I could get my hands on. I was shocked to read one article that talked about a scam that briefly made the rounds in the US, where the promoters were asking for donations for the victims of New […]
Continue ReadingNote: This article was last updated in 2008. It remains in our archive for historical purposes as a general guide only to Mexican trusts. For current up-to-date information, a competent lawyer or Mexican notary should be consulted. MEXICAN TRUSTS WHAT IS A MEXICAN TRUST? PARTIES TO A MEXICAN TRUST PURPOSES OF MEXICAN TRUSTS WHO CAN […]
Continue ReadingEveryone involved in real estate has heard the adage “Location, Location, Location.” While undoubtedly this saying has a lot of truth to it, no less true is the following: “Taxes, Taxes, Taxes.” Consider as well that when two countries can claim tax jurisdiction over you or your property, things become quite complicated. Real estate is […]
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