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Puerto Vallarta Forum (PV Bulletin Board)Exchange information on this popular beach destination, tips, recommendations, warnings, anything that'll help other Puerto Vallarta fans, enjoy a more memorable trip to this destination in Jalisco, Mexico. More info on our Facebook Page too. 2019-06-02T16:58:55 https://www.puertovallarta.net/forum/app.php/feed/topic/16549 2019-06-02T16:58:552019-06-02T16:58:55 https://www.puertovallarta.net/forum/viewtopic.php?t=16549&p=111542#p111542 <![CDATA[Re: Owning a business]]> Statistics:Posted by webmaster — Sun Jun 02, 2019 4:58 pm

]]> 2019-06-02T15:07:302019-06-02T15:07:30 https://www.puertovallarta.net/forum/viewtopic.php?t=16549&p=111541#p111541 <![CDATA[Re: Owning a business]]>
Thanks for the reply

Statistics:Posted by Thatguy1 — Sun Jun 02, 2019 3:07 pm

]]> 2019-06-01T21:21:532019-06-01T21:21:53 https://www.puertovallarta.net/forum/viewtopic.php?t=16549&p=111540#p111540 <![CDATA[Re: Owning a business]]>

Greetings

Mogens

Statistics:Posted by webmaster — Sat Jun 01, 2019 9:21 pm

]]> 2019-06-01T16:56:402019-06-01T16:56:40 https://www.puertovallarta.net/forum/viewtopic.php?t=16549&p=111539#p111539 <![CDATA[Re: Owning a business]]>
Currently, I have a few situations which I’m concerned about. For one, I’d like to relocate my business to PV; I currently own and operate an IT business here in the Pacific Northwest. My question (first of many I’m sure) is there a need for this industry in PV? We do everything from network security, server management to small workstation repairs just to make a few.

I’m counting on having some capital as I plan to jump in with both feet. I have a family of five total, they have no experience living in a foreign country but I do. We also have some medical needs for my wife as she has MS and would need a monthly treatment. I haven’t found any insurance companies that will cover her YET with her pre-existing illness. Again, I have a lot if questions and would love some input.

Best regards

Statistics:Posted by Thatguy1 — Sat Jun 01, 2019 4:56 pm

]]> 2011-01-11T02:40:352011-01-11T02:40:35 https://www.puertovallarta.net/forum/viewtopic.php?t=16549&p=106038#p106038 <![CDATA[Owning a business]]>
Bruce: We are actually tying the knot in PV in Fall of this year, I may actually take you up on your offer and stop in. For some info and to sample some of the menu. We've heard great things about your spot.

Statistics:Posted by mykul — Tue Jan 11, 2011 2:40 am

]]> 2010-10-20T00:09:462010-10-20T00:09:46 https://www.puertovallarta.net/forum/viewtopic.php?t=16549&p=105448#p105448 <![CDATA[simply put]]>
i live and work in my restaurant
i take as much money as i want
simply put, you are given a rfc number when you start a business
that is after you receive proper documentation and credentials ( your fm3 )
there are many types of fm3 available

in order for you to work in your business it must say that right on the document itself

the monies you make are your and you can do whatever your little heart desires with the monies you have earned
AFTER YOU PAY YOUR TAXES!

Getting your work permit is very simple

i dont have all day to explain, but if you end up in pv
dop in and see me ill explin in detail at that time

Kat is very well informed in this matter as well

we are both business owners
the only difference between her and i , is that i live here full time and draw any salry i want

her relationship with her staff are hers alone and no one elses busines

bruce

Statistics:Posted by teatrolimon — Wed Oct 20, 2010 12:09 am

]]> 2010-10-08T20:56:372010-10-08T20:56:37 https://www.puertovallarta.net/forum/viewtopic.php?t=16549&p=105319#p105319 <![CDATA[Owning a business]]>
But, in case you want to have a monthly income for your family, given that your wife is Mexican, she can receive a salary (no problem at all), which obviously needs to be in line with the market. That is not a problem at all, in the contrary, Hacienda will be glad to have another employee paying Social Security, Infonavit, etc and is completely legal.
Yes an employee receiving a salary in line with the market will not be a problem, an employee receiving two peoples salary would be a problem.

Statistics:Posted by katnsocal — Fri Oct 08, 2010 8:56 pm

]]> 2010-10-08T13:49:242010-10-08T13:49:24 https://www.puertovallarta.net/forum/viewtopic.php?t=16549&p=105311#p105311 <![CDATA[Owning a business]]>
Not only that, given that you will be investing in your business, I recommend requesting an FM3 for investors and ask them to add the authorization to perform the role of management of corporations (if they do not ask you to be specific, if they do you can put the name of the company you will incorporate). With that you can even be more sure that you won´t have any problem at all.

Statistics:Posted by aploj — Fri Oct 08, 2010 1:49 pm

]]> 2010-10-08T00:31:052010-10-08T00:31:05 https://www.puertovallarta.net/forum/viewtopic.php?t=16549&p=105307#p105307 <![CDATA[Owning a business]]>
If your wife is Mexican, she can get paid "your" salary and that way you won´t have a problem and she can get paid for both.
I think you will have problems with hacienda if you try to have your wife collect a salary for "you" and one for "herself."

Statistics:Posted by katnsocal — Fri Oct 08, 2010 12:31 am

]]> 2010-10-06T18:54:122010-10-06T18:54:12 https://www.puertovallarta.net/forum/viewtopic.php?t=16549&p=105277#p105277 <![CDATA[Owning a business]]>
So, you can "work" in your business, dedicate time to it, serve, etc but you won´t get paid by it, you will just receive the dividends from it. If your wife is Mexican, she can get paid "your" salary and that way you won´t have a problem and she can get paid for both.

Statistics:Posted by aploj — Wed Oct 06, 2010 6:54 pm

]]> 2010-08-09T01:20:282010-08-09T01:20:28 https://www.puertovallarta.net/forum/viewtopic.php?t=16549&p=104803#p104803 <![CDATA[Owning a business]]>
If the regulation does exist I am certain it is a bit of a grey area, but I wanted to appeal to the business owners here for a bit of clarification.
Thanks.

Statistics:Posted by mykul — Mon Aug 09, 2010 1:20 am

]]> 2010-08-07T23:59:382010-08-07T23:59:38 https://www.puertovallarta.net/forum/viewtopic.php?t=16549&p=104799#p104799 <![CDATA[Owning a business]]>
Everything I've found online has said that although it's okay for a foreign national to own a business, it is not okay to work in the business if you are taking a position away from a Mexican national.
I think you are confusing two different situations.

1. If you own the business you are of course allowed to work in it and run it.

2. If you wanted to work in a restaurant other than one you own, you could not take a position away from a Mexican national that could perform the work.

Statistics:Posted by katnsocal — Sat Aug 07, 2010 11:59 pm

]]> 2010-08-07T20:22:162010-08-07T20:22:16 https://www.puertovallarta.net/forum/viewtopic.php?t=16549&p=104796#p104796 <![CDATA[Owning a business]]>
My fiance is Mexican and we plan on getting married next year ( in Vallarta actually).
We plan on relocating to Mexico permanently, probably to Guanajuato or elsewhere in the central colonial area.

Everything I've found online has said that although it's okay for a foreign national to own a business, it is not okay to work in the business if you are taking a position away from a Mexican national.

I am just wondering how this applies, especially to the restaurant business. We plan on opening a small restaurant where we move and I'm wondering if I will be relegated to supervisory position or can I actually be in the kitchen or on the floor.

Any advice would be greatly appreciated.
You can reply to this thread, Pm me or email me directly at zack183@gmail.com

Thanks in advance.

Statistics:Posted by mykul — Sat Aug 07, 2010 8:22 pm

]]> 2009-09-07T20:57:092009-09-07T20:57:09 https://www.puertovallarta.net/forum/viewtopic.php?t=16549&p=101374#p101374 <![CDATA[getting a business license]]> I was thinking about hiring a lawyer however I read that someone says it's best to get an accountant and do the legal side ourselves. I'm fine with that but our issue has been trying to find out where to contact regarding the license itself. Currently we are in Canada and won't be back in Mexico for a few months but I'd like to get the ball rolling now, if possible.
I appreciate any help or suggestions any of you may have. Thanks!

Statistics:Posted by srasalyano — Mon Sep 07, 2009 8:57 pm

]]> 2009-06-16T12:56:542009-06-16T12:56:54 https://www.puertovallarta.net/forum/viewtopic.php?t=16549&p=100468#p100468 <![CDATA[Owning a business]]> You are doing the right thing by starting to do research. Don't stop.

Some quick advice.
Talk to many and trust no one until you have checked and rechecked.
Get down here and buy nothing for quite some time. This will give you the time to recheck everything. After some time the garbage will float and you can skim it off to get to the real facts.
Don't hire lawyers down here to do your legwork for you... you are much better off getting a good accountant and do the legwork yourself.

Having said that, I find that owning a business here is in many ways way less hassle than owning one "up North". If you are here, pay attention to your business and are willing to learn, you have an excellent chance of succeeding providing you follow the same common sense business ethics rules that you would at home.

Stop in and I will gladly tell you what I know.

Statistics:Posted by Sr. Fox — Tue Jun 16, 2009 12:56 pm

]]>