🇲🇽 Attorney Arturo Farfán (Servicios Legales de Mérida) explains how foreigners are protected when purchasing property in Mexico.
Concerns about property ownership in Mexico often loom large for foreigners eyeing real estate opportunities in the country. The fear of potential government or bank seizure of properties is a common worry, fueled by unsettling tales of investments gone awry.
However, arming oneself with the right knowledge and seeking legal counsel can mitigate such risks and pave the way for a secure investment venture.
Understanding the 50-Year Trust Mechanism
Confusion often arises regarding property ownership within restricted zones, managed through a trust known as a Fideicomiso, which operates on a 50-year term. Misconceptions about losing property rights upon expiration of the trust persist.
However, the Fideicomiso is not a lease but rather a renewable arrangement that can be passed down to heirs, ensuring continued ownership beyond the initial term.
Clarifying Expropriation Laws
Contrary to apprehensions, the Mexican government adheres to legal frameworks that safeguard property rights and aim to foster foreign investment and tourism.
Under the provisions of NAFTA, direct or indirect expropriation of property is prohibited except for public purposes. Instances of expropriation, though rare, must adhere to strict guidelines, including just compensation for affected property owners.
Such actions typically occur in the context of infrastructure development projects, mirroring similar processes found in other countries like the US and Canada.
Protecting Your Investment: 4 Essential Points to Remember
Securing title on the property through the assistance of a local real estate lawyer is paramount to ensuring legal ownership and safeguarding against encumbrances. Ejido land should be avoided, as it is designated for Mexican nationals and carries inherent legal risks for foreign buyers. Timely payment of property taxes and adhe
🇲🇽 Attorney Valeria Méndez (Servicios Legales de Mérida) breaks down an option that requires no financial or employment verification to get your temporary residence this week!
Yes, you can get a 4-year Mexican temporary residency and then roll into a permanent one, even if you don't meet the financial requirements set by the government for traditional temporary residency in Mexico. 🇲🇽
Don't wait until retirement to lock in your residency. Each year, the financial requirements to qualify increases significantly and you may not qualify with your pension/requirement. Get locked in now while this special program is still valid. It can expire at anytime. Don't miss out on this chance to secure your residency this year.
Valeria and Arturo spent 2-hours with us answering questions on immigration and real estate law as it relates to Mexico.
Our VIP members were able to speak directly to them and ask all the questions they wanted want. If you'd like to access the entire 2-hour thread, become a VIP member today by going here: https://www.MoveAbroadAndThrive.com/vip
#MexicoResidency #RegularizationProgram #ResidencyProcess #FAQs #Merida #HowToGetResidencyInMexico #MoveToMexico #HowToMoveToMexico #regularizationVisa #rne
You Can Get up to 80% Off Your Medication Costs in Mexico: No Prescription Needed (for most meds)
Buying prescription medicine in Mexico is easy and convenient💊🏥 . In many cases, you can buy medications in Mexico without a prescription and you can bring those meds back to the US.
Thousands of U.S. citizens cross the border into Mexico in order to purchase discount pharmacy drugs. The savings can be as high as 80% off on certain medications from Mexico.
This can be helpful if you don’t have a good health insurance plan that covers and pays for your medication.
If you live in Mexico, like we do, you can simply send the pharmacy a text message and they'll bring the medicines to your house (usually within 15-30 minutes). The convenience here is insane.
Get more resources & tips about life in Mexico at our website:
https://www.MoveAbroadAndThrive.com
#CheapMedicine #WholesaleMedicine #MedicineDelivery #MoveAbroadAndThrive #PrescriptionPlans #HealthInsurance #Medicine #affordableMedicine #Shorts
Left the US for Mexico w/ 1 Suitcase! I put out the decree ... "One suitcase is all each of us will be taking when we move abroad... Ya'll figure it out!"
Sometimes, when it's time to go, it's time to go ... I ain't got time to be trying to figure out what to do with all our stuff... Take what's important to you and the rest is gone.
If I couldn't sell it, I gave it away. If I couldn't give it away, I threw it out ... It was that simple for us.
Now, we travel light... We can go and be anywhere at the drop of a dime ... We're no longer tied to, nor attached to stuff. Getting rid of our things was scary at first but the feeling of being 'light' was the best feeling ever... No more burdens. No more struggling to pay for stuff ... No more feeling like we have to stay and be held down by this stuff!
3-years later and we're still living abroad and we're learning, adapting, growing, finding more freedom and loving life.
My kids are learning a second language (they're about 70% fluent now) and are talking about staying here in Mexico to go to college (why wouldn't you when you can get a 4-year degree for about $5,000 USD total!!!). They'll leave college with no debt.
We're eyeballing and planning to either build or buy a house within 18-months or so.. Cash and we will never have a mortgage/rent payments ever again ... In 10-years I'll be 60-year and I'm planning now so I won't have to worry about finances and bills again..
Cut your living expenses by 50% overnight & live better! Get FREE blueprint & draft your escape plan! Join our Move Abroad Now Newsletter at our site to get free resources about moving and living abroad: https://www.moveabroadandthrive.com
Feel free to book a telephone consultation if you'd like to speak with me directly .... See consultation link at the link above.
#RetireNow #MoveAbroad #RetireEarly #RetireEarlyAndTravel #SaveMoneyAndTravel #minimalism #livingfree #ChallengeAccepted #challenge
Move Abroad and Cut Your Living Expenses by 50% Overnight!
Moving abroad was the game-changer we needed to cut expenses and save for retirement. 🌍✈️ No more financial stress, just more money in the bank!
Grab free resources to plan your escape abroad: https://www.moveabroadandthrive.com
#DebtFreeJourney #FinancialFreedom #RetirementGoals #LivingAbroad #SavingsTips #MoneyManagement #CostOfLiving #ExpensesCut #FinancialStressFree
Getting fresh fruits and veggies from the market tend to be significantly cheaper and much fresher than the ones in the grocery store. Small town living in the outskirts has its benefits.
Adjusting to life abroad brings unexpected challenges, but it's worth it. Find your stride and embrace the journey. London share's the real deal concerning her adjustment to Mexico.
Get FREE resources to plan your new life abroad:
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#expatlife #mexicolife
New house in Merida, Yucatan, Mexico! $940,000 pesos (about $54,000 USD). Let's talk about your move to Mexico. Book telephone consultation. #retireinmexico #mexicoretirement
It's the nature of the beast, baby. Flaming hot summers but also beautiful weather for six months. #meridaheat #meridayucatan
This House in Conkal is 100% Off Grid & Powered by Solar:
This could be your own private compound: Great for events, homesteading, gardening, workshops and more ... All yours for $100K
Plan Your Move Abroad:
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5 Myths About Living in Mexico: A Look into Life, Food, Healthcare, and Safety
In this video, we’re going to discuss various aspects of living in Mexico, including the quality of life, street food, healthcare, and safety.
After living in Mexico for nearly 3-years, I'll share my personal experiences and provide important information about the country, so you gain a better understanding of what it’s like to live in Mexico and to learn about the opportunities and challenges it presents:
Join Our LIVE VIP Discussion this upcoming Sunday, February 11th @ 7:30 p.m. Eastern with an Immigration and Real Estate Law attorney. If you’re a VIP member, you’ll be able to speak and ask these attorneys what ever questions you have during the live-cast …
Login details will be posted 1-hour prior to Sunday’s event in the members VIP area. If you’re not a member, get signed up to ask questions from these 2 local Merida immigration/real estate attorneys.
Join VIP Here: https://www.moveabroadandthrive.com/vip
#livinginmexico #americansabroad #americanexpats #mexicoliving
Transitioning to 'healthy living' in the US is challenging due to GMO crops and mental health issues. Merida has been a game-changer. Tia Niki 'N Merida #retiretomexico #mentalhealth
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