Yucatán, Mexico’s safest state is betting big on nearshoring, hoping to attract foreign investors who are weary of the rising criminality and government corruption in other parts of the country. Yucatán, a state that occupies about a third of its namesake peninsula, has historically had low crime in part because it is geographically isolated from […]
Can the US IRS Track You in Mexico? You may be surprised! Unveiling FATCA & FBAR for Expats!
Today, we’re unraveling a topic that’s often shrouded in mystery and confusion for many Americans abroad: The Foreign Account Tax Compliance Act (FATCA) and the Foreign Bank Account Report (FBAR) requirements. If you’re an American living in Mexico, understanding these regulations is crucial to avoid hefty fines and legal issues.
Canada bringing back visa requirements for Mexican nationals to curb asylum seekers
Canada’s new visa requirements for Mexican nationals are a ‘half-measure’ that fall short of the policies of Stephen Harper’s government that the Liberals overturned, according to CBC Radio-Canada journalist Louis Blouin. Blouin also says these measures could strain the diplomatic relations with Mexico. Senior government sources tell Radio-Canada and CBC News that the federal government […]
SAT seizes at least 200 yachts in Yucatan
At least 200 recreational vessels, private yachts, would have been seized by the Tax Administration Service (SAT) of the Ministry of Finance and Public Credit (SHCP) as a precautionary measure in Yucatan, as part of an operation for the owners to prove the legal origin of the yachts. How was the operation in Yucatan? The […]
Greater presence of foreigners increases housing prices in Mexico
In the first half of 2023, neighborhoods such as Condesa, Reforma, Nápoles, Santa Fe and Roma, with rental prices almost double, compared to previous years. The arrival of foreigners looking for residence in several cities of Mexico and the need for commercial spaces caused the cost of homes in some cities to rise, even reaching […]
These are the states most affected by water scarcity in Mexico
Currently, the percentage of areas with moderate to exceptional drought at the national level is 59.86 percent. These are the states with the most problems. Neither the ‘rain dance’ nor the visit of Tlaloc were enough to stop the drought in Mexico. Although the return of the rains seemed to be a sign of relief […]
Conflict between tourist transporters and taxi drivers in Ixtapa continues
In Ixtapa, the conflict between taxi drivers and tourist transporters persists, generating concern and annoyance among service providers and visitors. In the last few hours, an incident has been reported in which taxi drivers with a site at the Hotel Azul Ixtapa temporarily prevented the transfer of visitors to the airport, alleging the breach of […]
Crime incidence on the rise in Baja California Sur
According to the Crime Traffic Light, the state closes January with 6 red lights and 2 yellow ones. Los Cabos concludes with the highest number of indicators in red La Paz, Baja California Sur.- 2024 started with six indicators in red, which means maximum alert for the crimes of drug dealing, kidnapping, vehicle theft, house […]
Sinaloa is the first state in the country to sell with Walmart
100% Sinaloan products from SMEs can be found in Walmart’s online store, as well as Amazon and Mercado Libre Sinaloa became the first state in Mexico to officially sell with Walmart, with 100 percent Sinaloan products, online. The micro, small and medium-sized Sinaloan companies will appear on the chain’s website, this through an agreement between […]
Nationalize Exportadora de Sal de Guerrero Negro
Mexico’s government buys shares from Mitsubishi for 1.5 billion pesos Last Saturday AMLO visited Guerrero Negro, Mulegé, where the world’s largest salt exporter is located, which has been operating for 70 years. It had 51% of Mexico’s shares and 49 of the Japanese company Mitsubishi, as of this date the exporter is owned by the […]