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I want to build a residential dwelling. What types of contracts can I execute with the building contractor?
PropertyThere are two types of contracts: Lump-Sum Price Contract: This is a contract by which someone (designated the businessman/employer or contractor) agrees to b...
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What is a social welfare benefit?
LaborThese are the expenditures the employer makes which are intended to satisfy contingencies or incidentals, or present or future needs, as well as providing benefits to employees,...
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Are punctuality, attendance and productivity bonuses, as well as grocery vouchers which are paid in cash considered to be items of social welfare benefits (a type of employee allowance)?
LaborNo, due to the fact that payment of the bonuses is conditional on an employee being punctual, not missing a day of work and/or meeting a production goal, and not on his/her simp...
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I established a Trust on a parcel of real property located in Merida, Yucatan. The term of said Trust is 15 years and this period is about to expire. What do you recommend I do?
TrustsWe recommend you speak with the Trustee of the credit institution named as Trustee in your Trust Agreement, and request an extension be filed with the Ministry of Foreign Relati...
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What is the difference between a Revocable Trust and an Irrevocable Trust?
TrustsOverall, we can say that the revocable trust allows the Trustor to retain control over the assets/property and have unrestricted access to same; and in the irrevocable trust, th...
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What is the term for fideicomisos (trusts) established with respect to real property located in the restricted zone in Mexico?
TrustsUp to 50 years, and they are renewable. Do you want to ask us anything? Please feel free to do so
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What condition is required of foreigners in order to establish a fideicomiso (trust) on real property located in the restricted zone in Mexico?
TrustsTo consider themselves as Mexican with respect to their rights as Beneficiaries, and in light thereof, not to invoke the protection of their governments under penalty, oth...
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I am a foreigner and I work for a Mexican company. Am I entitled to be enrolled by my employer in the Mexican Social Security Institute (Instituto Mexicano del Seguro Social, or IMSS)?
LaborYes, when the foreigner works and receives payment for their services in Mexico, they are eligible for enrollment in IMSS and the respective fees shall be paid as indicated in t...
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I live abroad and I need to grant a power of attorney to a Mexican national in order for that person to perform certain proceeding and investments in my name. Is the power of attorney granted abroad valid?
LegalYes, provided you obtain an Apostille (a legal way to authenticate a document for international use under the terms of the 1961 Hague Convention). In other words, while abroad, ...
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I am a foreign investor and am here to invest in a business corporation. Do I need any special permits or authorization?
EntitiesNo, due to Article 60 of the Migration Act which sets forth: “Regardless of their residence status, foreigners acting on their own behalf or by means of their attorney-in-...
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I established a Mexican company in order to acquire real estate located in the Restricted Zone. Am I required to register with the Federal Registry of Taxpayers (Registro Federal de Contribuyentes, or RFC) in Mexico?
EntitiesNo. The partners, shareholders or associates of legal entities or joint ventures who are not residents of Mexico are not legally bound to register, provided that the legal...
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