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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Mexico has high taxes on rental income

Mexico has high taxes on rental income

Mexico, Money, News
INDIVIDUAL TAXATION Nonresident individuals are liable to pay tax on their Mexican-sourced income. Married couples are taxed separately. INCOME TAX (Impuesto Sobre la Renta, ISR) Income earned by nonresidents is taxed at progressive rates. INCOME TAX 2013 FOR NON-RESIDENTS TAXABLE INCOME, MXP (US$) TAX RATE Up to 125,900 (US$8,393) 0% 125,900 – 1 million (US$66,667) 15% Over 1 million (US$66,667) 30% Source: Global Property Guide   However, nonresidents may be liable to pay 25% withholding tax on their Mexican-sourced income. RENTAL INCOME There are several ways to tax rental income earned by nonresident individuals in Mexico: (1) through the 25% withholding tax and (2) by electing the business income option. 25% Withholding Tax Gross rental income from the leasing of real estate, property and time-sharing services by a nonresident individual…
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Mexico’s admirable housing market

Mexico’s admirable housing market

Mexico, News
House prices in Mexico rose by 6.38% during the year to Q2 2015. When adjusted for inflation, house prices were up by around 3.35%, based on figures from Sociedad Hipotecaria Federal(SHF). This followed 4.9% (1.78% in real terms) y-o-y growth in Q1 2015, revised from a preliminary 0.61% (-2.68% in real terms) y-o-y growth estimate by SHF. Mexico´s real estate market has been buoyed by strong demand in resort communities, according to the International Consortium of Real Estate Associations (ICREA). American and Canadian buyers are returning to Mexico, after a several-year slump, thanks to low oil prices and the strong US dollar, pushing home values up. American buyers are very important as owners of beachfront properties, which were badly affected by the slump of 2009-10 in areas like Baja California…
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Should You Buy A Condo Over A Single-Family Home?

Should You Buy A Condo Over A Single-Family Home?

FAQ, Health Care, Inspection Visit, Land for sale in puerto vallarta, Mexico, News, Pre Construction
Lower costs and included maintenance make condos attractive to first-time home buyers, but compared to single-family houses, condos have risks. What to know before you buy a condo. With a smaller footprint then a family home this means your condo is taking up less valuable land, you can see why more developers are building condo projects in Puerto Vallarta. First-time homebuyers can get overwhelmed quickly. Learning the terms, negotiating the loan market…even if you’re not a first-time buyer, there’s a lot to consider. In the fast-growing real estate market, many aspiring homeowners are opting for condominiums because they’re newer, smaller and often have associations that handle maintenance and sometimes provide perks like shared pools. While you shouldn’t look at any primary residence as an investment, per se, you might ask yourself: Will…
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What is the restriced zones in MEXICO

What is the restriced zones in MEXICO

FAQ, Mexico
The Restricted Zone in Mexico (known in the past as the "Prohibited Zone") is set up as such in the Mexican Federal Constitution. It is: (1) the land area within 100 kilometers of Mexico's international land borders (with U.S., Belize and Guatemala) (all of the border towns and a little more); and (2) the land area within 50 kilometers of Mexico's ocean front areas (the coast line of Mexico). In the Restricted Zone foreigners to Mexico can not own direct (fee simple) title to real estate located therein. They can however hold the title thereto via the long term irrevocable bank title transfer trust or via a Mexican corporation (depending upon the use of the property). In the trust the Mexican fiduciary bank holds the title for the foreigners and…
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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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San Pancho a small and beautiful town only a hour away from Puerto Vallarta.

San Pancho a small and beautiful town only a hour away from Puerto Vallarta.

Beachfront Lots, Canada, Golf Coarse, Mexico, News, San Pancho
North of Sayulita and just a hour from Puerto Vallarta airport, you will find yourself in another very interesting and picturesque town and a beautiful beach you can enjoy for the day. Welcome to San Panch (San Franciso) If you come traveling along the highway, you'd never guess when you see the signs mentioning San Francisco (San Pancho as it is called locally) one kilometer (1000 yards) toward the ocean, it all looks quite drab, but once you get in the town and over to the beach, you really notice you've discovered a jewel. 1600 inhabitants, quaint cobblestone street town. 40-60 minutes from Vallarta, Highway 200 North towards Tepic. A number of activities available on the beach. A great place for surfers and surfing. Part of Riviera Nayarit. San Pancho is the…
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At least one NAFTA member willing to play ball President Trump talks tough on trade

At least one NAFTA member willing to play ball President Trump talks tough on trade

Canada, Mexico, News, USA
President-elect Donald Trump's tough talk on trade appears to be paying off even before he formally takes office. In the days since the results of Tuesday's election, two-thirds of North American Free Trade Agreement trading bloc have already expressed interest in starting talks to renegotiate the landmark accord. During the campaign season, then candidate Trump made rewriting or withdrawing from NAFTA a pillar of his economic policy. Trump has minced no words in describing the agreement as a job killer and cause for wage stagnation in the U.S, as companies fled south seeking cheaper labor costs. Just this week, Canadian Prime Minister Justin Trudeau, a staunch proponent of trade, announced his willingness to head back to the negotiating table, acknowledging that over time trade deals must be given another look to…
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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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