All too often, Americans head down to Mexico determined to buy a big colonial home to remodel and live a life of luxury of which they could only have dreamed in the States.  Unfortunately, that dream can become a nightmare from which it is next to impossible to awaken.  That having been said, it is not outside the realm of possibility to still live the dream of owning one of the stately old colonial homes in any part of Mexico.  The key to survival, in this arena, is that lovely …

According to the IRS, U.S. Persons with property in a Fideicomiso have a Foreign Trust, and Foreign Trusts are required to File Form 3520 and Form 3520-A.  There is no tax calculated on theses forms.  The forms are only for disclosure purposes.  However, not properly filing Form 3520 has a penalty of up to 35% of the value of property transferred to or from the trust.  Not properly filing Form 3520-A has a penalty up to 5% of the value of your home!

Good News! If you have not filed the …

A raft of new flights from airline WestJet makes flying from Canada to Mexico even cheaper and easier.

The weaker Mexican peso is enticing foreign investors into the stock market in record numbers.  In fact, so many foreigners are investing in Mexican stock right now that the IPC closed up 1.3% in just one day this week, and spirits were running so high that the market opened higher by 1.9% the next morning!  Follow IPC (Mex) to keep informed on this topic.

One need only understand a little of what has happened during the past week to understand why investors are flocking to Mexico at this particular time.  The …

The company of Mexican businessman, Alfonso Romo, has beaten more than 20 other companies to win the contract to build a new highway bridge in Tulum on the Riviera Maya, said Mexican newspaper, El Semanario, last week.

The bridge forms another part of the major infrastructure investment taking place in the area, along with the new Riviera Maya international airport and fast coastal highway routes.

The paper said that Romo’s company Proyectos y Desarrollos de Infraestructura, the construction arm of Grupo PDI, won the contract for around $11.1 million.

Romo was previously in the Forbe’s “Rich List” …

The pressure to pass laws allowing the use of Medicare benefits in Mexico is growing stronger as the aging American population seeks a better quality of life south of the border. At this point in time, there are many hundreds of thousands of legal American residents living in Mexico, both American-born and Mexican-born, who are eligible for Medicare benefits but who must return to the U.S. to take advantage of the benefits for which they pay premiums. There are millions who travel back and forth, unable to make a permanent move because …

We’ve had many people ask about what is going on with the Loreto Bay development, so I figured I’d better offer up a report. It looks like the developers (TSD Loreto Partners), have more or less run out of money. They have, and still are, looking for someone to take over the development, but so far they haven’t had any luck. Without the necessary money needed to continue operating the development, though, they have been forced to close up shop. This obviously will have a serious impact on the property …

Procter & Gamble Mexico has committed $250 million U.S. dollars to the construction and development of their new production center in Irapuato, Guanajuato. The center will produce Gillette razors and razor blades, and will create 1,700 direct jobs, and 700 indirect jobs. This will make the new Procter & Gamble Production Center the largest in its field in the world. This brings the number of plants Procter & Gamble has in Mexico to nine, several of which are in Guanajuato.

In keeping with its corporate identity of being a good citizen …

If you are interested in learning more about investing in Mexican real estate you should definitely take advantage of this free webinar hosted by Guidant Financial Group.

About the Webinar:

Join David Nilssen, founder of Guidant Financial Group Founder as he interviews Tom Kelly, author of Cashing In on a Second Home in Mexico, and Sarah Cox, a licensed real estate agent from Cancun, about investing in Mexico. Learn about: 

• The process for buying in Mexico
• Where significant growth is anticipated
• Condo hotels that are guaranteeing to pay rent for the first 7 years

If you …

On May 22, 2009, President Felipe Calderon signed the National Labor Productivity Agreement and put in place a Productivity Support Program that will immediately benefit over 105,000 workers and the small to medium businesses in which they are employed. This program will provide specific training for workers and will provide technical advice from on-site specialists to the owners of these businesses. This kind of training and support has been a long time coming in Mexico. The business sector, outside of large and usually foreign owned industries, has always run somewhat …