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| What the heck is a FIDEICOMISO anyway? | | Print | |
| Written by Cheryl T. Miller | |
| Saturday, 18 July 2009 11:48 | |
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Over 1,000,000 foreigners own property in the restricted areas of Mexico and since the change in the Foreign Investment Law in December 1993. Foreigners can now own residential land in the restricted zones through a Fideicomiso (Trust). (Think of this trust to be similar to a inheritance trust or a living family trust in the US .) The restricted zone is defined as land within 30 miles of the beach and 50 miles of the border.
WHAT IT IS AND HOW IT WORKS
Foreigners acquire irrevocable and absolute ownership rights to residential property in Mexico through a 50-year perpetually renewable and transferable Bank Trust called a Fideicomiso. This Trust is a legal substitute for deeded (commonly referred to in the U.S. as fee simple) ownership and is provided specifically for non-nationals to own residential property in the restricted zones (border and beach areas.) established in the actual Mexican Constitution. The Trust system of ownership is sanctioned by the Mexican government, provided for under the Mexican Constitution, and secured by the Central Bank of Mexico; thereby offering powerful protection.
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| Last Updated on Thursday, 23 July 2009 16:25 | |
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| Calliandra californica; The Fairy Dusters of the desert | | Print | |
| Written by Administra | |
| Monday, 09 January 2012 04:13 | |
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Members of the Faboideae (Pea Family), Sub-Family Mimosa (Mimosoideae) and a further distinguished as the Genus Calliandra, our Baja Fairy Dusters or Powder Puffs are truly a delight to encounter. |
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| Last Updated on Tuesday, 10 January 2012 01:07 | |
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| A Reality Check on Mexico | | Print | |
| Written by Cheryl T. Miller | |
| Friday, 27 May 2011 21:25 | |
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THE NEW GLOBAL ECONOMIC REALITY
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| Last Updated on Friday, 27 May 2011 21:43 | |
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| Mexico: A better economic choice than China | | Print | |
| Written by Cheryl T. Miller | |
| Friday, 27 May 2011 21:32 | |
Mexico: A better economic choice than China Another large exodus from the U.S.A is high paying skilled jobs. The job shift in automobile sector, both car and parts manufacturing, is already known by most investors. In the last few months as John Deere and Caterpillar have been laying off thousands of workers in the U.S.A., and hiring equal numbers in Mexico. The most recent industry that is making the shift is the aerospace manufacturers. In the city of Zacatecas there is currently a $210 million aerospace facility being built. With the 11 U.S. companies moving there, it is estimated to provide over 200,000 new high paying jobs in the coming years. One of the main factors for the shift in job south to Mexico instead of China is realistic analysis of total production, labor and delivery costs. While the labor costs in China are 40% less on average, the overall transportation costs and inherent risks of a long distance supply chain, and quality control issues, gives Mexico a distinct financial advantage. |
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| Last Updated on Tuesday, 28 June 2011 20:34 | |
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Another large exodus from the U.S.A is high paying skilled jobs. The job shift in automobile sector, both car and parts manufacturing, is already known by most investors. In the last few months as John Deere and Caterpillar have been laying off thousands of workers in the U.S.A., and hiring equal numbers in Mexico. The most recent industry that is making the shift is the aerospace manufacturers. In the city of Zacatecas there is currently a $210 million aerospace facility being built. With the 11 U.S. companies moving there, it is estimated to provide over 200,000 new high paying jobs in the coming years. One of the main factors for the shift in job south to Mexico instead of China is realistic analysis of total production, labor and delivery costs. While the labor costs in China are 40% less on average, the overall transportation costs and inherent risks of a long distance supply chain, and quality control issues, gives Mexico a distinct financial advantage.