Why Invest?
Mexico is the third largest foreign direct investment host among the developing countries and the 7th largest exporter in the world. Mexico is home to a capable and spirited labour force and has a planned geographic location with direct just in time entence to the North American market, and world-class inputs and technology.
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Market Report
Our forecast is that that the Mexican economy in real estate will boom in the upcoming years, so this is the right time to take benefit from it.
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Economic Overview
Mexico has a free market economy that recently entered the trillion dollar class. It contains a mixture of modern and outmoded industry and agriculture, increasingly dominated by the private sector.
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Visa/Residency Issues
A tourist visa may be used for studies of up to 6 months, depending on nationality. A student visa may be required for studies of over 6 months. Tourist card is available only to people entering Mexico on holiday, for reasons of health, or to engage in scientific, artistic or sporting activities which are neither remunerative nor lucrative. Valid for the holder only.
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Getting to Mexico
You can fly direct to Mexico City with British Airways, connect via the USA with one of the American carriers or go via another European city such as Paris, Amsterdam, Madrid or Frankfurt.
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Fees & Taxes
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The income tax system seeks to tax corporate earnings only once, at the corporate level. However, a 35% tax is imposed on the corporation on distributions.
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A value-added tax (VAT) at the general rate of 10% is payable on sales of goods and rendering of services, rents, and imports of goods and services.
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Non-residents must pay either 25% of the gross amount of the transaction or the amount resulting from applying the highest marginal income tax rate in Mexico to the gain, whichever is lower.
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Rental income generated in Mexico is taxed at regular income tax rates, after deducting actual expenses or a blind deduction of 35%, whichever is greater.
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Mexico
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Basic Information
| Population |
107,029,000 |
| Languages |
The official language is Spanish. There are at least 62 indigenous languages. |
Area
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758,249 sq mi
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| Currency |
Peso (MXN) |
Dialing Code
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+52
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Emergency Services
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066
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Mexico Overview
The United Mexican States or simply Mexico is a country located in southern North America, bounded on the north by the United States; on the south and west by the North Pacific Ocean; on the southeast by the Caribbean Sea and Central American countries of Guatemala and Belize; and on the east by the Gulf of Mexico.Mexico is a federal constitutional republic, made up of 31 states and a federal district that contains the capital, Mexico City which is one of the largest cities on Earth.
Average Property Prices
Coming soon.
Buying Process
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Process for purchasing real estate in Mexico is comparatively simple and well regulated; it does involve many stages, a great deal of paper work and the support of a well respected lawyer and a good legal representative. Foreigners wishing to buy land or property in Mexico today are no longer limited in any way.
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Permission to purchase will then be applied for from the Foreign Secretary office, this procedure is usually just a formality and the property investor, lawyer and notary public will conduct their thorough and detailed searches and checks on the property and the vendor.
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If all is found to be in order with the real estate the sale will be closed, the outstanding purchase price will need to be paid and all taxes, fees and charges will be due. The entire purchase process takes an average of three months in Mexico, although with a complicated sale the duration of the purchase process can be even more drawn out.
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In terms of the additional costs for vendors and buyers associated with the purchase process for real estate in Mexico these include Acquisition Tax, VAT, Appraisal Tax, Land Registry Fee, Public Notary Fee, Fees for Establishing a Bank Trust, Lawyer Fees, Surveys, Foreign Office Permit Service Fees, Income Tax on Property Gains and Real Estate Agent Fees.
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