Opening a B and B : Fideicomiso vs Mexican Corporation

Elise Passavant wrote:

Hello,

My companion and I are having the project to purchase a house in Merida to open a small B&B/Boutique hotel… (I am sure you hear that a lot, right?)
I have dual citizenship French-American, my companion is US citizen.
Our home would be used for "tourist activity" and simultaneously used for residential purposes.
According to our prediction, our max income would be less than $60,000/year and I am pretty sure it must be reported.

I know each choice involve more choices (taxes, uso de suelo, formalities, visa, taxes etc. ...)
We want to make sure we are doing things the right way for us and from a legal point of view.
So, our question is : what our best (and ideally easiest!) option : a Fideicomiso or a Mexican Corporation?

Any tips are very welcome!

Thanks in advance.

Elise

Hi Elise,

Your questions are more legal and perhaps accounting questions , not questions the forum is designed to answer.

I would suggest you look at the handy tools section of the forum at the top of the page to perhaps find a lawyer and accountant that can guide you through the legal and tax issues you will encounter.

Buena suerte