2 April 2010, 2:17 pm
Belize is one politically stable little Central American country that makes it easy – whether you’re looking for an escape a few months a year or a full-time getaway. It’s easy to enjoy yourself here. With miles of tropical coastline, the second-longest barrier reef on earth, some of the best diving and snorkeling on the planet, lush forests and mountains, immense natural preserves, vast river and cave systems, and a wealth of important Maya archeological sites, there is always something to do in Belize.
The fact that it’s affordable only sweetens the deal.
Continue reading ‘THE EASIEST COUNTRY TO RETIRE IS IN CENTRAL AMERICA’ »
21 November 2009, 9:24 am
Retiring in a foreign country has increased in popularity over the last decade, especially with costs rising in the Unites States. Most people, who have worked all their lives, and are currently or will soon be relying on their savings and pensions, are finding it increasingly difficult to maintain the lifestyle they had anticipated on. This section will be the first of many installments regarding retiring in Mexico. They will include important information about owning property, starting a small business, finding health care, and ensuring that your U.S. assets are looked after, especially if they continue to bring you revenue.
Owning property in Mexico allows for people to travel back and forth across the border without the hassle of vacation planning. Mexico is quickly becoming an important world economy and with such proximity to the States and Canada, moving here permanently is as easy as driving your car down.
Buying a house or condo now will prepare you and your family for longer stays into the future as well as secure valuable foreign investments. The Mexican real estate market is the steadiest economy in the region and luxury homes in beautiful mountain towns or beach front property along the expansive coastline is truly affordable. If you have ever thought about buying a second home, for either winter escapes or permanent residence, the time to do it is now.
Owning property as a foreigner is possible! Here is some simple information to get you started:
How does the Trust Deed Ownership work?
The Trust Deed or Fideicomiso is established through a Mexican bank (Trustee) assuring foreign buyers of all privileges of ownership within the restricted area of Mexico (within 100 kilometers of the border and 50km of the coastline). As of 1994, the Foreign Investment Law allows these deeds to be established for a term of 50 years and to be renewable upon termination for 30-year periods. This process protects the rights of foreigners (Trust Beneficiaries) and makes sure that the transaction is legal and unencumbered. For more than 30 years, many thousands of American and Canadian citizens have used the Trust Deed Ownership system in Puerto Vallarta and throughout Mexico’s resort destinations.
Information courtesy of Catherine Ocaña and Taheima.
