Mexican laws have changed several times in the last 25 years. First in 1989, 1993, and in 1995 for the NAFTA treaty. The recent 95 NAFTA Treaty introduced many investor friendly laws to foreigners. Now.. buying real estate in Huatulco Mexico has become much easier than ever before.
Buying Real Estate in Mexico's Coastline known as "mexico restricted zones". Mexico's restricted zone area is known to be describred as land within 30 miles off the mexican coastline. The "Mexico restricted zone" also applies to 62 miles from Mexico's borders.
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To do business in Mexico, U.S. businesspeople nearly always need to hire a Mexican attorney. Reciprocity that would allow U.S. licensed attorneys to practice law in Mexico and vice versa is not a part of NAFTA. This is not surprising in view of the significant differences between the two legal systems and their laws. Further, it is helpful to remember that even in the United States, licensing of attorneys is done by the individual states. Thus, most attorneys in the United States take a bar exam and seek admission to practice law in only one state; only a small percentage of U.S. attorneys go through the extensive efforts necessary to become licensed to practice law in two or more states.
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As a result of the North American Free Trade Agreement (NAFTA) that took effect on January 1, 1994, U.S. businesspeople began trading with Mexico's businesspeople, investing in business opportunities in Mexico, and establishing business facilities in Mexico in unprecedented numbers and ways. As a result, as of 1998, Mexico and the United States achieved a level of trade that makes Mexico the United States' s second-largest trade partner, second only to Canada. |
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