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Everything you need to know about buying and selling real estate in Mexico, Puerto Vallarta, and the Banderas Bay region

Not the country you hear about on the nightly news

Mexico’s Growth in Global Manufacturing & Production

What country has enhanced its position in global manufacturing and design for appliances to aircraft parts?  Mexico. Surprised? 

In the past Mexico, has had troubles competing for business development because of the lack of standards met for international competitiveness, but things have changed. 

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Beware the Coyotes

Before You Choose Your Real Estate Agent

We make choices every day. They need to be informed ones.  President Kennedy said: “We choose to stay with the comfort of opinion rather than the discomfort of thought.” A recent discussion with a seller made me realize she needed to become aware of misunderstandings which could happen by her not understanding Mexican immigration and tax requirements. In this local real estate market, working nationals and foreigners should all be registered as doing a business and should pay taxes to Hacienda or the Mexican IRS.  However, there are people who choose not to be registered and illegally earn income they do not report.

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Coming down with a case of “tourista”

International Transactions in Real Estate

I had been living in Puerto Vallarta for several years and thought I was doing a pretty good job understanding the culture, when a casual statement made me realize I still had a lot to learn.  A well-traveled lady looking at real estate that afternoon mentioned that when residents of Mexico go to the US, they can get a case of “tourista” or upset stomach.

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Real Estate and

Mexico’s Anti-Money Laundering Regulations

Money laundering is considered to be the crime of operations with money from illegal means under article 400 of the Federal Criminal Code. The money laundering offense is also complemented by the Federal Law Against Organized Crime, which provides higher criminal sanctions for money laundering offenders considered to be members of a criminal organization. The Federal Criminal Procedures Code considers money laundering offense to be a serious, and they limit a charged defendant the ability to obtain release on bail prior to conviction.

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