Riviera Group signs 920 million baht construction loan with SCB

Riviera Group signs 920 million baht construction loan with SCB

Bank Accounts, Condo for sale, Thailand
The Riviera Group brought to a conclusion the signing of the construction loan for The Riviera, Wongamat Beach on Tuesday the 24 of May. Sommai Ungsrithong, FS.V.P. at SCB said, “It is good to be working again with Winston Gale and his team. Since The Palm in 2012, we have had a positive working relationship together.” (L to R) Projects Director Sukanya Gale looks on as Riviera Group Owner Winston Gale shakes hands with FS.V.P. Sommai Ungsrithong and Chonburi Regional Manager Anol Eaksil. The Riviera Group brought to a conclusion the signing of a 920 million baht construction loan for The Riviera, Wongamat Beach on Tuesday the 24 of May.Attending the signing for SCB was Sommai Ungsrithong, FS.V.P., Bangkok, Chonburi Regional Manager Anol Eaksil, and Khomsai Sangratsamee, Relationship Manager. Attending…
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How to purchase Edijo Land without heartache

How to purchase Edijo Land without heartache

401k, Bank Accounts, Beachfront Lots, Ejido, Land for sale in puerto vallarta, Mexico, Money, News
Can I Buy Ejido Land? Yes, it is possible to safely purchase ejido land. However the process of purchasing ejido land is exact and it must be completed correctly. It is never recommended that anyone purchase ejido land without qualified legal assistance. Is it Safe? I’ve Heard Rumors. Yes! Purchasing ejido land is safe, however most investors are sure to hear a different story. Ejido horror stories have been broadcasted by investors that have failed to understand the importance of working with a qualified attorney. Most of these ‘horror stories’ seem to originate from Baja California, and date back to the mid 1990’s, just after the Mexican constitution was changed to allow for the privatization of ejido land. Unfortunately for investors, this was a time when the entire concept of…
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Understanding Capital Gains TAX in Mexico

Understanding Capital Gains TAX in Mexico

401k, Bank Accounts, Ejido, FAQ, Mexico, Money, News
Capital Gains Tax Capital gains tax law in Mexico states that tax is owed on the profit you receive when you sell your home or property. By law, you have two options when it comes to capital gains and you can use whichever is the better of the two options for you: 1. You pay 28 percent* of the net profit. (There are a variety of deductions included in this option.) 2. You pay 25 percent* of the gross sales amount with no deductions. Although a 28 percent capital gains tax may seem high, Mexico does have several laws and procedures that will assist you in maximizing your cost basis, thereby reducing your net profit and lowering your capital gains. The key is to understand these laws before you buy,…
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Manifesting my construction to save on Capital Gains Tax in Mexico

Manifesting my construction to save on Capital Gains Tax in Mexico

401k, Bank Accounts, Beachfront Lots, Ejido, FAQ, Land for sale in puerto vallarta, Mexico, Money, News
What is manifesting? Manifesting is simply recording the amount of money spent on a home’s construction or remodel, in order to add it to the Owners’ cost basis. Adding to your cost basis is the key to reducing your capital gains tax. Proper documentation and manifesting your construction are vital to building your new home. Why do I need to manifest my construction? When you sell your home, the manifested cost plus the cost of your lot stated in your trust (title), will be used to determine the basis for capital gains tax. If you have not manifested your construction, Mexican tax law will not recognize your construction costs and you will not be able to use them as a deductible expense. All of your receipts, cancelled checks and bank…
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MEXICAN CORPORATION VS. BANKTRUST

MEXICAN CORPORATION VS. BANKTRUST

Bank Accounts, FAQ, Mexico, Money, News
Advantages of Mexican corporation vs. banktrust for real estate ownership There was once a time that Canadians or Americans were restricted from buying property in Mexico that was 50 km from any coastline or 100 km of a neighboring country. This zone meant that nobody other than Mexican nationals were allowed to invest in lands located within these areas. However, times have changed and the coastal and border areas that used to be restricted from foreign investment have opened. This occurred when the government decided to start issuing something called a fideicomiso, which is basically a banktrust. The fideicomiso was created to allow foreign investors to participate in Mexico´s rapidly expanding sectors while exercising complete and legal control over their investments while complying with Mexico’s investment laws. A banktrust is…
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Purchasing Mexico Real Estate with Real Estate Financing

Purchasing Mexico Real Estate with Real Estate Financing

401k, Bank Accounts, FAQ, Mexico, Money, News, Retirement
Purchasing Mexico Real Estate is an exciting decision, and with the growing and increasingly successful cross-border mortgage industry that has been developing in Mexico over the past few years, there are now more options than ever to finance your home! Mexico has historically been a cash-based economy, but with the influx of investment by foreigners, financing has become a viable alternative.  Many US lenders and banks have turned to the Mexican market, and their previous US experience makes the process more familiar than if one were to finance directly through a Mexican bank. For some people, the introduction of financing into the Mexican real estate market represents the opportunity to pursue a dream that may not have otherwise been tangible.  For others, obtaining cash to purchase a property may never…
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Just how safe is it to live in Mexico compared to the rest of the world.

Just how safe is it to live in Mexico compared to the rest of the world.

Bank Accounts, Health Care, Mexico, News, Retirement
Mexico has very low violent crime rates. The U.S. Assault rate is 5 times higher than Mexico’s. Mexico’s violent crime rates for Assault, Kidnapping and Rape are substantially lower than Canada’s and yet the U.S. State Department issues no such warnings for Canada. The rate for Rape in the U.S. is more than double the rate in Mexico.  The numbers in the charts below have been adjusted for unreported crime from the respected 2012 Prominix report and are the most accurate statistics available on this subject. Unless you are involved in the drug trade, you are statistically safer in Mexico than anywhere else in North America. Even though the U.S. murder rate of 4 per 100,000 is lower than Mexico’s, tourists and visitors are statistically safer in Mexico and much…
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Post U.S. Election Results, a Spike in ‘Move Overseas’ Searches Occurs – Trump Wins

Post U.S. Election Results, a Spike in ‘Move Overseas’ Searches Occurs – Trump Wins

401k, Bank Accounts, Belize, Costa Rica, FAQ, Health Care, Mexico, News, Panama, Pre Construction, Puerto Vallarta, Retirement
According to InternationalLiving.com, there has been a 160% surge in online searches for terms like "move overseas" and "expats overseas" post Trump election victory this week. In the wake of the presidential election results, the trend already underway of retirees going overseas for better-value living, more affordable healthcare, and warmer weather appears to be poised to accelerate. Already the Social Security Administration sends 660,528 payments overseas...and anecdotally, according to the editors of International Living, the number of U.S. retirees receiving Social Security benefits abroad is likely higher than that, as many simply continue to bank in the States while living outside the country. While Canada seems to top the list of target destinations for many potential escapees--in fact, that nation's immigration website reportedly crashed on election night -- International Living…
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Trump Wins, Don’t Move To Canada  —  Move To Mexico

Trump Wins, Don’t Move To Canada  —  Move To Mexico

401k, Bank Accounts, Health Care, Mexico, News
The election is over, TRUMP WINS,  So joking aside Americans say that they’ll would flee to Canada if Trump won the election. Well he did nothing against our northerly neighbor, but should we be looking to move instead to Mexico. Beyond the incredible beaches, mezcal and tacos, the country has a lot going for it. These are 7 reasons why I’d rather move to Mexico than Canada. 1. Jobs Mexico’s economy is more dynamic and is growing faster than most people think. The country’s unemployment rate is 4% — lower than that of Canada (6.8%) and the United States (4.8%). The middle class has grown dramatically in the past 15 years and is expected to add another 3.8 million households by 2030. In Mexico’s emerging tech hub, Guadalajara, you’ll find there is a pool of…
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What does President Donald Trump’s victory mean for the Mexican economy, as well as global markets and trade?

What does President Donald Trump’s victory mean for the Mexican economy, as well as global markets and trade?

401k, Bank Accounts, Mexico, News
THE DRAMATIC election of Donald Trump as US President has already sent shockwaves through global financial markets. The value of the dollar has fallen against safe haven currencies such as the yen but strengthened against the Mexican peso. As the financial markets react to his election, here is a look at what his presidency could mean for the global economy. What does Donald Trump’s victory mean for the markets?  David Cheetham, market analyst at at XTB, said: “The news has reverberated around the globe and financial markets with large declines seen in stock markets and safe haven assets such as gold rallying. “The outcome of this contest has seemingly caught the markets off guard in a repeat of the Brexit vote with forecasters and reputable pollsters wide of the mark…
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