August 2013 ● Ambitious Infrastructure National Plan – President Enrique Peña Nieto announced an ambitious infrastructure development program for Mexico that will run through the end of his term in 2018, worth 4 trillion pesos, or $318 billion US dollars, which is almost twice the size of the plan implemented by the last administration. In addition, the President mentioned that the amount invested could be larger, considering the structural reforms that could be approved in the next few months. Read more by Intercam
Foreign Citizen Applications before Mexican Customs – Who can apply for a temporary importation permit?. Who can drive a temporarily imported vehicle?. Where to apply for a Temporary Vessel Importation Permit?. How to import a vehicle permanently?. Here you will find the answers to these questions and more. Read more by Intercam.
February 2013 ● FATCA for Dummies – The FBAR rules focus on foreign accounts. Under the rules, each “US person” with an interest in, signature or other authority over, one or more bank, securities, or other financial accounts in any foreign country must file an FBAR if the aggregate value of such accounts at any point in a calendar year exceeds $10,000. Read Article by Intercam
January 2013 ● Investing in Mexico – If you live in Mexico you probably already know the great advantages in Mexico’s economic standing and outlook. The Mexican Government has a budget surplus instead of a deficit. Also, the government has about 200 billion dollars in reserves as opposed to the U.S. which has over 16 trillion in debt. Read the Article by Intarcam