Archive for the ‘Insurance’ Category

Books about retiring and living in Mexico

There have been several books written on the topic of living, investing, buying real estate and living in Mexico. A few of these are listed below with a summary of each for your convenience. This is not an endorsement of the books or topics but rather a guide to help you decide if the material is of use to you. We have not read or ordered the books but the summaries indicate that the books would be useful for foreigners living in Mexico. (more…)

Health insurance in Mexico

Health Insurance

International Insurance Plans
for Foreigners in Mexico
By Tony Hamrick © Tony Hamrick 2007

It is advisable to have international health insurance while traveling or living as an expatriate. Having an international health plan gives a person, family or group a variety of choices when it comes to health care. For example, a person covered by such a plan can choose a private hospital or any approved physician for their care. (more…)

Do I need a Mexican will?

For people that are going to be in Mexico part of the year or all of the year, those that are buying property or doing any business in Mexico, or those bringing a vehicle into the country, really anyone living in Mexico (including Mexicans), it is indispensable to have a will in Mexico. (more…)

Considerations when hiring domestic workers in Mexico

Hiring domestic workers is common in Mexico. Foreigners often hire housekeepers, gardeners, tradespeople, drivers and cooks, to name a few of the useful support professions that make life in Mexico an upgrade. Learn how to protect your workers and yourself in matters of litigation, social security, etc. (more…)

Closing and title services by IdeaCOM

Corporate, Closing and Title

  • Trust preparation
  • New corporations to acquire properties
  • Pre-sale contracts
  • Buy-sell contracts
  • Fusion and subdivision of properties
  • Notary service oversight (more…)

IMSS Medical Insurance

Link to current rates of a similar level of service. The rates quoted here are for Mexicans living in the US that wish to continue service for their family members in Mexico. Rates for individual and family insurance are no longer published on the IMSS site but old rates from 2006 are quoted below. To obtain current rates, we inquire on a case-by-case basis.

Link to video and article by Kelly Cobiella of CBS about health care in Mexico, filmed in Manzanillo (more…)

Debunking Myths

Owning Real Estate in Mexico

BUYING MEXICAN REAL ESTATE

Mexico has thousands of miles of pristine coastline, wonderful colonial cities which boast architectural wonders stretching back many hundreds of years, and diverse expatriate communities of Americans and Canadians scattered throughout the country. The Mexican government is encouraging the expansion of tourism and investment in Mexico. Anyone can acquire real estate in Mexico if some simple rules are understood. (more…)

Bank Trust and Notary Services

Foreign ownership of Mexican property is now secure. In recent years, the laws regarding property ownership in Mexico have changed dramatically for non-Mexican citizens. The advent of NAFTA, improved world-wide technology and sweeping changes in Mexican politics have made purchasing property in Mexico a much easier and more secure process, especially for residents of Canada and the United States. (more…)

Mexican Property Law

Mexican Property Law Matters

REAL ESTATE AND TIME-SHARES: U.S. citizens should be aware of the risks inherent in purchasing real estate in Mexico, and should exercise extreme caution before entering into any form of commitment to invest in property there. (more…)

Real Property Purchases

Real property taxation in Mexico
Mexico Taxes when purchasing a property

U.S. and Canadian buyers of real estate in Baja California are surprised at how high “closing costs in Mexico” are at the moment of property title transfer. The seller pays almost no taxes for the sale if it is their permanent home and can demonstrate that with utility bills in their name and identification listing the property as their domicile. If it is income property or an unimproved lot, the taxes to the seller are a 26 percent tax (impuestos sobre la renta) of the sales price or property appraisal, whichever is highest. And the buyer pays 4.3% of the sales price. Appraisals are typically one half the sales prices. (more…)

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