Posts tagged Kilometers
A Drive Through Mexico
Oct 31st
Driving in Mexico can be a very good experience as long as one is prepared. When one decides to drive in Mexico, they should abide by some rules to help them gain legal entry into the country. There are certain procedures that one needs to comply with as they travel in Mexico. The said procedures however do not apply to people who are driving inside the Border Zone or free Trade Zones. The Border Zone is the area that is twenty kilometers on the south of the U.S. – Mexico border. The Free Trade Zone on the other hand includes areas such as the Sonora Free Trade Zone and the Baja California Peninsula.
If one wants to drive deep into the heart of Mexico they should first collect their documents and such documents include birth certificates or passports, proper immigration forms, driver’s license, leasing contract, the registration certificate of the vehicle and international credit cards. It is very important for a person to have Mexican Auto Insurance as they drive through the country. This is because the police and the Mexican government does not recognize the insurance polices that are written in other countries. This also applies to those that are said to have Mexican coverage. To obtain a permit one should drive their vehicle to the customs office usually at the border. They will then present the above documents to the “Modulo de Control Vehicular”. The next step is to pay the bond deposit and certificate fee which is non-refundable. Finally, one should return the certificate. When on leaves Mexico and if their vehicle is not going back to Mexico their temporary importation permit must be canceled. This can be done at customs. The original first bond that was posted for the vehicle’s return guarantee will be given back at this time. It is important to remember that if one’s car is in Mexico beyond the agreed time it will be confiscated. The driver will also have to forfeit the bond that will have been posted.
When one drives in Mexico they need to be very patient as not everything will go as it is supposed to and not everything will go their way. They will also have need humility as it will help them ask for the help. Basic knowledge of vehicle repair and mechanics is also vital if one is driving in Mexico. They should also have a tool box with them that contains all the necessary tools for car repair. It is also advisable to always have a spare tire and water pump. As one drives though Mexico they should have a kit that contains all the necessary tools for repair. They should also have spare change and drinking water. The water can be drunk in case the car breaks down and the change will be useful if one wants to buy a snack. One should also make sure that they follow all road signs to avoid getting into accidents with other motorist or getting into trouble with the law.
Mexico Homes Are an Affordable Luxury
Sep 27th
Mexico homes are affordable and luxurious!
Mexico real estate has become an extremely popular location for a second home or vacation property. People from all over the world, especially the US and Canada, are looking into Mexico property sales!
There are several reasons for this trend:
* The prices are very favorable in comparison with other locations.
* The culture and services are hospitable to foreigners.
* Over 70 million people in the US are over 50, the segment of the population that is most likely to buy vacation homes, retirement locations as well as investment property.
* The long-term economic future of Mexico looks promising.
* The warmer climate is attractive to many people.
* There are currently over 1 million Americans living full-time in Mexico, proving the safety and viability of a Mexican lifestyle.
* Most of the popular destinations in Mexico offer a wide variety of interesting and fun things to do.
* There is an increasing inventory of condos, villas, homes and land in Mexico, plus a diverse selection of resorts and developments with attractive amenities.
Can a Foreigner Legally Own Property in Mexico?
Yes, you can legally obtain direct ownership of property in the interior of Mexico even if you are not Mexican by birth.
Under Mexican law, foreigners cannot acquire ownership of residential property that is within the area 100 kilometers from the border, or 50 kilometers from the coastline. These areas are known as “restricted zones.” However, you can acquire beneficial rights to use, improve, and enjoy property in the restricted zones. Here is how it works:
* A foreigner may acquire rights over real estate in Mexican restricted zones through a trust, which is a legal instrument called Fideicomiso.
* Through this trust, property is administered by a qualified and licensed bank on behalf of the beneficiary of the trust, or owner. The trust enables the beneficiary to act as the owner of the property, making the trust compliant with Mexican law.
* The beneficiary (owner) has rights to the full use, enjoyment and profit from the property. The beneficiary is able to rent, borrow against, or sell the property.
* The original trust term of 50 years is renewable for additional 50-year periods, upon written request from the beneficiary of the trust/owner.
* The real estate may be sold outright, or sold subject to an assumption of the existing trust, subject to the desire of the beneficiary/owner. Any and all proceeds from the sale belong to the beneficiary/owner, subject to the payment of appropriate taxes.
If you are interested in Mexico homes for sale, or Mexico condos, perhaps you should consider a Playa del Carmen condominium. Playa, as locals refer to it, is a scenic beach-side city located right on the coast of the gorgeous Caribbean Sea.
The Mexican name for this coastal region of the Yucatan Peninsula is “Riviera Maya.” The English use is either Maya Riviera or Mayan Riviera.
Playa del Carmen real estate is desirable and much in demand, but surprisingly affordable. Playa condos are usually very luxurious with a wealth of luxurious amenities.
The incredibly beautiful Mayan Riviera has much to offer anyone in the market for Mexico homes or a Mexico condominium!
