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FIDEICOMISOS DE
INFRAESTRUCTURA Y BIENES RAICES
¿Qué son
las FIBRAS?
Vehículos Para el financiamiento de infraestructura y bienes
raíces. Ofrece pagos periódicos (rentas) y a la
vez tiene la posibilidad de tener ganancias de capital
(plusvalía). Se puede estructurar básicamente
mediante una sociedad mercantil o mediante un fideicomiso.
¿Cuales son los requisitos para emitir una FIBRA?
• Estar constituido en Sociedades mercantiles o Fideicomisos
inmobiliarios, indistintamente.
• 70% de activos en bienes raíces.
• Dedicados a la construcción, arrendamiento,
compra y venta de inmuebles.
• Reparten dividendos de cuando menos el 29% de su resultado
antes de impuestos.
Todos
los nuevos esquemas impositivos, en particular en sus etapas iniciales,
son siempre perfectibles, sin embargo, a raíz de su
más reciente modificación en enero de 2006, las
FIBRAS tienen indiscutibles y claras ventajas --tanto para el esquema
de fideicomiso como de sociedad mercantil
Estos fideicomisos tienen un tratamiento fiscal que
permite la exención de pagos provisionales del Impuestos
Sobre la Renta (ISR), así como el Impuesto sobre el activo
(Impac).
What's Next for Mexican REITs?
The Mexican government amended
its tax laws in 2005 to enable REITs' creation. The structure would
likely be similar to that of REITs in the U.S. The Bolsa Mexicana de
Valores (BMV), or stock exchange, has been actively involved in
establishing the necessary regulations, such as funding and capital
structure rules, to facilitate REITs' emergence.
Some differences in the Mexican
REIT (or Fideicomisos de Infraestructura y Bienes Raíces
(FIBRAs)) model as compared to the U.S. model are that there is no
minimum dividend distribution requirement, no minimum number of
shareholders required, and no restriction on how many individuals can
own a certain percentage of the shares. In addition, a minimum of 70
percent of assets must be invested in real estate, compared to 75
percent in the U.S.
more information
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M
E X I C O - S N A P S H O T
CAPITAL:
Mexico City
LAND
AREA: 1,923,040 sq km
COASTLINE
: 1,923,040 sq km
POPULATION:
107,449,525 million (July 2006)
POPULATION
GROWTH RATE: 1.16%
GROSS DOMESTIC PRODUCT (GDP): 1.067 trillion (2005) GDP GROWTH RATE: 3.0% |
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GDP PER CAPITA:
$10,000
UNEMPLOYMENT
RATE: 3.6% plus underemployment of perhaps 25% (2005)
MAIN
INDUSTRIES: Food and beverages, tobacco, chemicals, iron
and steel, petroleum, mining, textiles, clothing, motor vehicles,
consumer durables and tourism
CURRENCY:
Mexican peso
LANGUAGES:
Spanish, various Mayan, Nahuatl and other regional indigenous languages
Source: CIA's “The
World
Factbook” and the World Bank Group's “World
Development Indicators Database.”
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Mexico’s
building and construction industry represented a US$6.5 billion dollar
market in 2005. U.S. imports totaled US$1.9 billion, which represented
70% of the total imports. This market has grown 4.5 percent per year
during the last three years, and is expected to finish around 5
percent, reaching US$6.82 billion at the end of 2006.
The
construction industry has played a crucial role in the development of
the Mexican economy, as it boosts several related industries, and has
increased its GDP participation year after year.
Mexico
offers a unique market for US construction services and products. US
imports rank first in the Mexican market. Another advantage is NAFTA,
which permits nearly all products and services to enter the market free
of duties and taxation.
All
content and images are sole property and under the protection of
copyright of Ricardo Barraza & Asociados - . All other
products mentioned are registered trademarks or trademarks of their
respective companiesand owners. Copyright © 2007 Ricardo
Barraza & Asociados.
All rights reserved.Information contained herein is derived from
sources believed reliable, however we cannot be responsible for errors,
omissions, prior sale, change in price, removal from market, etc. Void
where prohibited by law. Not an offering where prior registration is
required. Equal Housing Opportunity. We do not list properties We are
an Exclusive Buyer's Agent Company.We work closely with
IM©.
Please ask and read our company policy.
Ricardo Barraza
& Associates Real Estate Broker Group is a REALTOR®
Group. website with online information and presence of the Cancun (
Cancun ,Playa del Carmen and The Riviera Maya and Costa Maya area ) and
its also a member of The Association of REALTORS®
Cancun ,(AMPI CANCUN ). Our goal is to
provide both our brokers and the public information and resources
relative to real estate on Cancun ,Playa del Carmen and The Riviera
Maya and Costa Maya,Baja California, Puerto Penasco, Rocky Point,
Loreto Bay.
REALTOR®
- A registered collective membership mark that identifies a real estate
professional who is a member of the NATIONAL ASSOCIATION OF REALTORS®
and subscribes to a strict Code of Ethics.
AMPI Cancun Cancun Realtor Association
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All content and images are sole property and
under the protection of copyright of Ricardo Barraza &
Asociados - All
other products mentioned are registered trademarks or trademarks of
their respective companiesand owners. Copyright © 2006 Ricardo
Barraza & Asociados.
All rights reserved.Information contained herein is derived from
sources believed reliable, however we cannot be responsible for errors,
omissions, prior sale, change in price, removal from market, etc. Void
where prohibited by law. Not an offering where prior registration is
required. Equal Housing Opportunity. We do not list properties We are
an Exclusive Buyer's Agent
Company.We work closely with
MPB©.
Please ask and read our company policy.
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