BajaNomad

Fideicomiso

Phil C - 3-13-2007 at 02:49 PM

I just received a "registered" leter from Scotiabank, the holders of our fideicomiso, that is requiring me to provide "Official I.D. with photograph and signiture, not expired, Proof of domicile, and registration before the Ministry of Finance ( Hacienda) if my activities in Mexico require. Our Trust is four years old and this is the first cmmunication I have had from them, other than paying the yearly fee in which case we only got a reciept. This is due to "General Regulations, deriving from article 115 of the Credit Institutions Law, which were published in the Federal Gazette, on May 12 2004." All this came in english. Anyone hear of this?

pacside - 3-13-2007 at 04:05 PM

just received my fide renewal notice/invoice (yup i get one every year at $330/yr) and a letter was attached saying "According to the Mexican laws (published in November 28, 2006) is necessary to have in my records the follow information [sic]: copy of passport, copy of legal permanency in the mexico [sic] (FM or FM3), copy of evidence of address in their own country (valid documents: any of the following bills: electricity, water, or property taxes), know your customer format (this is a letter attached asking for address, employment info etc.

pacside

gordfromborder - 3-13-2007 at 07:54 PM

Interesting subject as we just paid our fide today in La Paz.( HSBC). As it was four months late, they dinged us a $35 penalty! As our spanish is not good, my negotiating ( whining) didn't do much good. In addition, the fide manager requested we provide personal banking/ employment and resident information of our pricipal residence out of Mexico (including electrical or water bills with our name on them). The form is in Spanish and English. She said it is required for their records ( maybe they will mail us the bill in the future?) and we can fax it to the bank at our convenience when we get back home.

Progress?

Gord

Big Brother's holding company

Dave - 3-13-2007 at 08:21 PM

Quote:
Originally posted by gordfromborder
the fide manager requested we provide personal banking/ employment and resident information of our pricipal residence out of Mexico (including electrical or water bills with our name on them). The form is in Spanish and English. She said it is required for their records


Have you told the IRS about your Mexican home?

They'll know shortly. ;D

Fideicomiso letter

Loretana - 3-13-2007 at 08:25 PM

Phil

I got that same letter yesterday with my

"Carta Cobranza" Statement from Banco Interacciones, for the fideicomiso fees.

Since this is the first fideicomiso statement I've gotten, I wasn't shocked.
As I understand it, the US State Department wants the Mexican government to work with them on "hidden assets".
The Mexican banks have no option but to cooperate.

I'm not dying to have my personal info sitting in an unsecured file somewhere in Mexico, either. :?:

And this is just the start. Homeland Security, you know.

:dudette:

Oops, sorry!

Dave - 3-13-2007 at 08:25 PM

Nevermind.

Didn't realize you were from Canada.

gordfromborder - 3-13-2007 at 09:18 PM

Actually, I have discussed it with my accountant ( in Canada) prior to purchasing down here. We are allowed up to $100,000 in foreign assets without having to declare them. It is a line item on our income tax form that indicates to list all foriegn assets above this amount. I stand to be corrected on this item, but I have the acct. assurance as of 2004.

Gord

FM3

Peloncito - 3-15-2007 at 09:20 PM

I have a gal in Los Barriles handle mine for $100. Her cousin works for "Migracion" in La Paz. No problems ever. I drop it off to her office, she takes it to La Paz over the weekend, and brings it back to LB with its renewal for me to pick up ready for another year. Been doing this for a few years now.

Mike

capitolkat - 3-16-2007 at 06:45 AM

Peloncito-- please send me a U2U and I would like the contact information-- thanks-- Norm

[Edited on 3-16-2007 by capitolkat]

osoflojo - 3-16-2007 at 07:26 AM

Loretana

This is not new and it has nothing to do with Dept of State. It is part of an international accord signed in the early 90's involving over 200 countries and the U S Treasury Dept.

Marie-Rose - 3-17-2007 at 07:47 AM

Just paid ours yesterday in LaPaz at Bancomer. Did not have any paperwork with us...
looked us up, gave us our account number, and we paid and were out of there in less than half an hour!

Phil S - 3-17-2007 at 08:00 AM

Marie-Rose. Which branch in LaPaz is the Fideo office located? You've got the idea. Pay it there and you know it's been received (99.9999%)

jerry - 3-17-2007 at 10:02 AM

phill bancomer has moved there fedio department again to cabo i should be getting the address soon

twogringos - 3-17-2007 at 03:43 PM

You can pay at any Bancomer branch, but in La Paz, best to go to the Branch on 16 de Sept. The Bancomer Fideicomiso office is at the Hotel Palmilla, nearer the San Jose end of the the 4 lane. Look for the tienda mall then ask someone. It is downstairs and not signed.

Marie-Rose - 3-18-2007 at 07:29 AM

I am so awful with street names... especially when only half of them are named!!!
We went to the branch that is kitty corner from CCC.