Etiqueta: REAL ESTATE TRANSACTIONS

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ARE YOU ABOUT TO BUY A PROPERTY?

July 19, 2023 

By Lic. Jessica Hernández 

Customer Service

Whether it is to live, or for investment purposes, acquiring a property is a solemn transaction and must be considered by the parties involved as such. The buying-selling process can be very simple to the extent that both the buying and selling parties provide, on the one hand, the necessary documentation, and on the other, the economic resource. That is why, if you are close to acquiring any type of property, it is necessary that you check that the owner of the property has the following documents:

 
1. Current official identification of the owner(s)

2. Deeds in the name of the seller, in case the property is communal/ ejidal, there must be a certificate of possession

3. cadastral certificate

4. felling and demarcation

5. Freedom of lien

6. Current property tax receipt

7. Water and electricity bills

8. Marriage or divorce certificate, if applicable.

9. Plan of the land and subdivision (in case of being in a subdivision)

 

10. Updated tax status certificate

 

At SILMÉXICO we always make sure that when listing a property all the documentation is in order, in this way, we offer the certainty to all our clients that their purchase is safe and that their investment will be the best.

Do you have questions about this documentation? Come to our consultancy headquarters at Sabinos #711, Colonia Reforma, Oaxaca de Juárez, Oaxaca, and contact us at (+52)951-127-1380, or send us an email at info@silmexico.com. Our legal team will be happy to help you with your doubts and take the big step in acquiring your new property. 

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THE OVERVIEW OF CONSTRUCTION THIS 2023

July 19, 2023 

By Ing. Ricardo Cisneros Sánchez 

Project Manager at SILMÉXICO

Construction is one of the most important industries in the world, where human and variable capital moves 365 days a year. It is not surprising that this is constantly changing since it must respond to the social, cultural, environmental, and political needs that are taking place in the area where the construction will be implemented.

In 2023, construction in México has mainly focused on maximizing investor investment with proposals that respond to current environmental measures, reduce execution times, and that the final product meets higher quality standards in finishing and operation. This is why we group them into the following points:

 

  • Sustainable Construction: Sustainability is a major trend in the construction industry, and developers are looking for ways to build projects that are more environmentally friendly. This may include the use of recycled or 0-impact materials, the installation of renewable energy systems, separation of water for final disposal, accompanied by designs that are efficient in the use of energy. The implementation of materials such as earth, wood, and stone are increasingly gaining prominence in current constructions.

 

  • Modular Construction: Modular construction is a construction method that uses prefabricated components that are assembled on-site. This method can be faster and more efficient than traditional construction, and can also result in less waste, optimizing construction costs and maximizing work crew performance. From SIP panels and prefabricated structural elements such as the joist and alveolar plate to the use of 3D printing, they allow a dry, affordable construction with guaranteed quality.

 

  • Smart Building: Smart building uses technology to improve the efficiency and comfort of the end-user of buildings. This may include the use of automation systems, sensors, and networks to control climate, lighting, and other systems. Since the pandemic, this niche has grown considerably and has become a necessity in terms of the comforts it can offer the end user.

CONCLUSION

It is important to be updated with the needs of the market and the demand for products that cities demand today since this allows cutting-edge projects to be carried out that ensure profitability in the short and medium term. Today, a sustainable building can help reduce maintenance costs, improve air and water quality, and create a positive image for the company. Implementing modular elements can help speed up construction time, reduce running costs, and create less waste. If we combine this with elements that improve the efficiency and comfort of the end users, we will obtain greater satisfaction both from our end client and from the investors of the project, reflecting higher incomes and immediate capital gains.

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MEXICAN CORPORATIONS AND THEIR USE IN REAL ESTATE TRANSACTIONS

Monday, July 17, 2023

By Jessica Hernández

As explained in a previous article, different mechanisms can be used to acquire properties in México. One of them is the creation of a Mexican corporation, which is the matter of this article. 

A Mexican corporation: as of 1995, foreigners can own, operate and manage Mexican companies, however, some restrictions remain on the activities in which a Mexican company can participate when foreigners are involved, such as mining, airports, and telecommunications; however, the general rule is 100% participation. No investment restrictions exist on foreign-owned companies that purchase and develop the property. Mexican corporations require a minimum of two associates or shareholders. Both shareholders can be foreigners, and having a Mexican partner is unnecessary.  

There are several different types of Mexican corporations, however, the two most common are the S.A. de C.V. and the S. de R.L. de C.V. The S.A. de C.V. is a stock corporation, and S. de R.L. de C.V. resembles a limited liability company. Choosing the type of corporation to establish is essential for tax purposes in both the US and Mexico.

Once your Mexican company is formed, you can acquire property anywhere in Mexico, including the restricted zone. Property acquisition is also a “formal” procedure, and you must ensure that all the proper steps are accomplished to secure the title, that is why this process should be carried out with professionals in the area. 

If you are about to acquire a property in Mexican lands, visit us at https://silmexico.com/mexican-corporation-constitution/ to know more about this and other services SILMÉXICO offers and become a Mexican property owner.