ligui
Senior Nomad
Posts: 836
Registered: 2-9-2008
Location: Fraser co.
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Putting new property into mex. corp ?
Hi everyone ! Has anyone bought and put land into a mexician corp. ? If so how did it work and what were your costs ?
Thanks 
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Howard
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Mood: I'd rather regret the things I've done than regret the things I haven't done.
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Do you have the corporation already in place?
We don't stop playing because we grow old;
we grow old because we stop playing
George Bernard Shaw
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grizzlyfsh95
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For many years this worked well, but recently is has become problematic. Consult a good Mexican real estate attorney.
The harder I work, the luckier I get
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ligui
Senior Nomad
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Location: Fraser co.
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Hi all , yes have corp in place .
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4x4abc
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can you elaborate on "problematic"?
Harald Pietschmann
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Paulclark
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There two issues, the first being as a Mexican Corporation you are currently required to file a tax return monthly which will cost $100/usd per month
depending on the accounting charge. At one time you could put your corporation to sleep, but that is not allowed anymore, and the second issue is
succession. Your US/Canadian will is not recognized in Mexico without a State and Court process having your foreign will recognized which will cost
$10,000 to $20,000 USD and a year.
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Bob and Susan
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i'm pretty sure a "Mexican Corporation" is supposed to conduct "business"
otherwise a non-Mexican is just "skirting" the law
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ligui
Senior Nomad
Posts: 836
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Location: Fraser co.
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Yes I know they are supposed to conduct business . a corporation might need to buy land to build its business in order to be in business .
Thanks guys for your help . Just trying get more info. no skirting here .
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4x4abc
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in my case immigration and hacienda actually visited the property several times
checking for office and garage/building setup
they were very pleased to see the name of the company advertised at the gate
they told me that most fail their inspection(s)
I don't know what happens if you fail
they did not want to elaborate
Harald Pietschmann
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