What you should know

Undoubtedly, one of the most widely used agreements (contract) in real estate is the Promissory Agreement for Purchase and Sale, also referred to as a Preliminary Agreement, or ...

If you are considering acquiring property this year, we suggest you take into account the necessary procedures (paperwork, formalities, etc.) and payments since the purchase-sal...

Conferral of a power of attorney or a mandate in Mexico is accomplished in a legal transaction that needs to be carried out carefully and knowledgeably. This posting is...

If you are a foreigner and not planning on leaving Yucatan, it is probably then a good idea to obtain your driver’s license for here. The process is re...

We would like to take this opportunity to inform you that February 15, 2012 is the deadline to submit disclosure statements regarding wages and salaries, income tax (ISR in Span...

The two most popular types of corporations in Mexico are the Sociedad Anonima, or S.A. (Corporation) and the Sociedad de Responsabilidad Limitada, or S. de R.L. (Limited Liabili...

In mid-November, the Mexican Institute of Social Security (Instituto Mexicano del Seguro Social, or IMSS) began a campaign to verify payment of Social Securi...

The Yucatan Compass Consulting (YCC) team has been striving, over these past months via weekly publications, to provide its clients and readers with useful legal and accounting ...

Private Insurance Overview Although life insurance in Mexico is comparatively expensive, health insurance costs are relatively less expensive than in other countries in...

We hereby inform you that the import of vehicles imported under the definitive import regime is presently restricted. The reason for such is that authorities have determined tha...

With the month of December upon us, employers throughout Mexico are preparing for payment of aguinaldos (Christmas bonuses).  But, where does this payment come from?  ...

The language in which a contract is drafted does not mean it must be linked, associated or related to the legislation pertaining to the country of the language it is written. ...

By Hiram Cervera, Customs Broker.   www.cervera.com.mx, agencia@cervera.com.mx   This article provides information on current options for importi...

1. Strategic location in southeastern Mexico.  Yucatan borders the Gulf of Mexico to the north and west, with 378 km. of beautiful white-sand beaches and crystal clear ...

    2011 FEDERAL LAW ON FEES   2012 FEDERAL LAW ON FEES ...