My friends have a monkey nature preserve in Mexico. How can they become tax expempt and set up a foundation?

Question

She is American, lived in Texas where she still maintainsa bank account in Texas.

Is it better to set something up in Mexico or the US?

Answer 1

Holy crap, I have no idea how to answer this.

If your friend is a citizen of the U.S., I reckon that she should start looking around for how to set up a U.S.-based nonprofit in Mexico. Here is a place to look first: http://www.sos.state.tx.us/corp/nonprofitfaqs.shtml

You could also do a Google search for the requirements of setting up a Mexican nonprofit, using the key words "organización sin ánimo de lucro," which means "nonprofit organization."