ligui
Senior Nomad
Posts: 833
Registered: 2-9-2008
Location: Fraser co.
Member Is Offline
Mood: love Baja !
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Mexican Corporation
I'm looking for information , ideas , and all comments on forming a mexican corporation.
Are there any past posts that I could look at with some info ?
Thanks everyone . 
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Bob and Susan
Elite Nomad
Posts: 8813
Registered: 8-20-2003
Location: Mulege BCS on the BAY
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Mood: Full Time Residents
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its easy...
you need to conduct business in mexico
you need 3 people all can be foreigners
you cant buy a property and build a single family residence on it and live there...you'll get burned
you need a laywer to set it up
add everything (in writing) you might want to do in the future to your corp papers NOW even add you accountants name
you need an accountant to file monthly taxes and a BIG yearly report
when you get your fm3 make sure you get an attachment that states that you can work for your corporation in mexico
theres more and more
get a lawyer IN MEXICO!!!
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Skeet/Loreto
Ultra Nomad
Posts: 4709
Registered: 9-2-2003
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Since I have a Corporation in Baja Sur and have had so for 15 years I have only one Suggestion:
Contact Miguel Isquierda Notoria #12 in La Paz. Follow his Advice..
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redmesa
Senior Nomad
Posts: 580
Registered: 3-12-2008
Location: Van Isle and Bahia Asuncion
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mexican corporations
We have established a Mexican corporation and so far it has gone well. Of course, we are always expecting the unexpected glitch. It may all be
related to the purpose of your cooperation which accounts for the complexities and difficulties involved.
This is a site that seems to explain some of the issues.
http://www.ricardobarraza.com/about_owning_property_in_mexic...
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Tiomiguel
Nomad
Posts: 108
Registered: 8-15-2006
Location: Ontario
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Excellent analysis Bob and Susan, and others. I am a Canadian accountant and investigating the alternatives for holding property. Many think that a
corporation is easier to hold recreational property than a fideicomiso.
I agree with Bob and Susan you need to be operating a business not just owning and renting out your house. Also sites that I have seen indicate the
capital gains tax rate in the Mexican corporation are 35% and complicated to dispose of properties and more expensive to maintain in the long run.
With a Fideicomiso I understand that if you are a resident for a certain length of time that you can avoid most of the Mexican tax.
While a corporation may be easier at the start and a little cheaper, for ownership of recreational property, even if you rent it out, I am leaning
towards the Fideicomiso. If you are in business, yes use the corporation. With a fideicomiso, you do not need an FM3, so that avoids one problem if
you are just an occasional resident. I am investigating this in the future and appreciate your insights and contacts. More when I figure it out in
English for both Canadians and my American Friends.
Also Fideicomiso is easy to transfer to your kids, and to others as when you sell the property you can just change the beneficiaries of the trust
instead of selling shares etc.
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Bob and Susan
Elite Nomad
Posts: 8813
Registered: 8-20-2003
Location: Mulege BCS on the BAY
Member Is Offline
Mood: Full Time Residents
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"With a fideicomiso, you do not need an FM3"
but...if you leave property in mexico you do need a fm3 or it can be seized
"just change the beneficiaries of the trust"
Beneficiary should be stated in the trust in case you pass....
"instead of selling shares"
the other corp type has no "shares"
3 people run the corp
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