Fortunately, I live in Mazatlán where there are lots of knowledgeable, English-speaking accountants (LCPs) and Notarios that are fully aware of ALL the regulations about foreigner owned Mexican corporations. I've been in business in México since first arriving here as a permanent resident nearly 14 years ago and having bought properties, got married to a Mexican citizen, become a naturalized Mexican citizen, cancelled my fideicomisos and finally folded my business activities into a Mexican corporation…with never a single problem, evidently the LCPs and Notarios I dealt with were pretty good at what they did for me.
The main reason for recommending an LCP first, is that there are many different types of Mexican corporations and only an LCP has the knowledge (and quick access to the SAT regulations) to determine which type is the best for each person's situation, both as a foreigner and a taxpayer to be. I know that the advice I received from my LCP before going the corporation route was invaluable and saved me a LOT of money and grief. He knew things to do with capital requirements and tax advantages that my Notario had absolutely no knowledge of.
(This post was edited by mazbook1 on Jan 1, 2012, 10:20 PM)
Post edited by mazbook1
(Enthusiast) on Jan 1, 2012, 10:20 PM