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A U.S. Corporation may own real property in Mexico and is not required to incorporate as a Mexican Corporation.
Does it matter if its a non profit corp versus a for profit? Or is that issue only related to taxes, if any?
A US non-profit may own property in Mexico. However, the fact that it is a US non-profit will not exempt it from taxes in Mexico.
oh ok i c. What taxes will we pay in mexico? we will be owners and use the property for office space for our church? Thanks.
Mexican taxes are outside our area of expertise on this website.
ok understood. now finally, in these types of transactions..are there certain ways to undergo the transaction? meaning..a simple bank transfer from Chase bank in U.S. to a mexican bank the norm?
No, that will not work and could result in you losing the money without actually getting the title transferred to you. You need to hire a Mexican conveyancing company or real estate agent to set up the trasnaction for you and make sure that all the correct paper work is filled out. In the end, there will be an electronic transfer of funds, but it should be through an escrow agent.
Here is a guide I've found to buying property in Mexico that will be of use to you.
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Yes I will provide credit.
Final thought, you mentioned we do not need to create a Mexican corp so therefore the property will be titled under teh U.S. Corp?
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