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This article delves into the two principal legal mechanisms available for foreigners: the formation of a Restricted Zone Trust and establishing a Mexican company. We will explore the advantages and disadvantages of each, helping potential investors make informed decisions.
This document aims to provide a detailed guide for foreigners interested in acquiring real estate located within the so-called “restricted zone” in Mexico, in accordance with the Foreign Investment Law and other applicable regulations.
ACQUISITION OF PROPERTY IN MEXICO’S RESTRICTED ZONE BY FOREIGNERS Read More »
Investing in real estate in the Riviera Maya presents a lucrative opportunity but comes with its legal challenges, particularly concerning hidden defects. Familiarity with the Ley Federal de Protección al Consumidor and the rights it grants to consumers is indispensable for foreign buyers to protect their investments.
Navigating Hidden Defects in Property Purchases in Riviera Maya Read More »
The heart of the problem lies in the unfamiliarity of foreign investors with the legal framework governing real estate in Mexico, compounded by a language barrier that makes navigation through legal proceedings even more daunting. Many are unaware of their rights, the protective measures available, or the proper channels through which to seek redress. This lack of knowledge not only emboldens unscrupulous developers but also leaves investors feeling powerless and isolated in a foreign legal landscape.
PeninsuLawyers – Protecting Foreign Investors in Riviera Maya Real Estate Read More »
If your contract has been rescinded due to payment delays, and you’ve already covered at least one-third of the property price, you’re entitled to a refund without any additional penalties
Investing in real estate in Mexico comes with a myriad of considerations, and one crucial aspect often overlooked by foreign buyers is the tax implication of assigning rights in promise-to-purchase contracts. Despite the distinct nature of this transaction, Mexico’s Fiscal Code of the Federation, specifically Article 14, considers the assignment of such rights as an
Investing in real estate is a multifaceted journey, especially for foreign buyers navigating transactions in a different legal landscape. One crucial aspect often overlooked is the right to assign purchase agreement rights to a third party. In this article, we explore the significance of having this provision in writing and the potential challenges that may
Investing in Mexican real estate is an exciting venture, but it comes with legal obligations, particularly concerning anti-money laundering (“AML”) regulations. This article aims to guide foreign real estate buyers, especially those acquiring property from real estate developers, through the obligations imposed by the Mexican Anti-Money Laundering Act. Understanding and complying with these regulations is
