Investing in Mexico, Investors may find treasures south of the border

Investing in Mexico – Investors may find treasures south of the border. Introduction International Real Estate Amongst investment opportunities, international real estate has become one of the most sought after options in recent years due to its continuous success and increasing popularity.

Income Producing Opportunities It turns out that Mexico has the highest per capita income in Latin America, and that figure is increasing rapidly. Many investors are unaware of the incredible growth that is happening in Mexico. Growth Mexicos economy is currently undergoing significant growth and improvement.

The development of the tourism industry, along with the recent improvements in the mortgage market, has provided Mexico with an ever improving opportunity to develop impressive future growth for real estate investments. This high-growth sector is driven basically by two factors: international travelers and their preference for Mexico´s sunny climate, spectacular beaches and singular attractions, and Mexicos National Trust Fund for Tourism Development, known by its Spanish acronym, FONATUR.

Property For the first time, significant foreign investment as an investment , not vacation or retirement property, is being made in Mexico Real Estate. The assistance of a lawyer specialising in Mexican property will help to ensure a problem free transaction, along with providing a full explanation of the varied fees and taxes associated with buying Mexican real estate.

Consider the straight forward buying process of Mexican property, along with the associated buying costs. Couple of things to remember when you are ready to purchase property:

1-The Notario has to have a Certificado de Libertad de Gravamen (No liens Certificate from the state government) which it is obtained at the Registro publico de la Propiedad Raiz (Public Registry of the Property in the state in which the property is located).

2-You have the rigth to a translator which his/her name should be included in the actual deed for record purposes.

3-The notario is co-responsible for collecting capital gain taxes (ISR – Impuesto Sobre la renta), if you are the seller you may be excempt of paying this tax if you can prove that you have been living in the property (this can be done by showing the latest electric bills to the property.

Doing business in Mexico Investing in Mexico is not easy or for everyone, many instances of foreigners getting screwed doing business in Mexico results not from a purposeful intent to do so but because of a difference in cultural perceptions. Profeco If you are ripped off there is a consumer protection agency called PROFECO, The Federal Consumer Protection Agency, with offices in all major cities.

The important attribute about PROFECO is that they have the power to order the service or product provider to return moneys, or complete what was promised.