Tips for Moving to Mexico

Tips for Moving to Mexico

Relocating to Mexico is going to be an ideal life-changing decision. Your future here will be more promising and fulfilling for sure. But before moving ahead with your relocation to Mexico, it is helpful to be more familiar with the different things related to your move to ensure a smooth transition. Here are our top tips for moving to Mexico:

Visas and Immigration Requirements

For foreigners who want to work and live in Mexico, you need to have a visa before you can proceed with your relocation. If your job is lined up in Mexico, you still will have to start the immigration process in your home country. Retirees who plan on moving to Mexico can enjoy slightly less-complicated procedures which only require proof of your regular income through pension, although you will also need to start the procedure while you are outside of Mexico. If you want to come and live in Mexico on a temporary basis, less than 6 months a year, you can do so by simply filling out the tourist card on the plane. However, remember that in order to be able to get a phone contract, electricity etc in your own name, you will need to show proof of your immigration status.

Mexican Peso

Mexico’s currency is the Mexican Peso $MN. This is the official payment in almost all transactions, although dollars are acceptable in many accommodations, restaurants, and other tourist destination establishments. High-value goods may be advertised in dollars, like properties, cars, and art pieces, but purchases are usually in pesos using the current exchange rate. Moving to Mexico will mean that you will have to start getting used to the new currency.

Health Benefits

Mexican employers make sure that their employees pay social security quotas for basic government services such as healthcare. There are many instances when foreigners are encouraged to avail of private healthcare insurance instead. The advantage of private healthcare service is access to better and more modern facilities. You will also find that health insurance is not so expensive in Mexico, making moving to Mexico a more economical option for some people.

Schooling

For those moving to Mexico with young children, you may be concerned about the education system in Mexico. Your children may choose to attend the public school system which is provided for free in Mexico. However, standards may be incomparable to that from you home country’s education. Most foreigners would rather choose the private schools, especially for those who are already earning professional wages in Mexico. Mexico’s private education are ideal for bilingual children and provides better facilities and standards for your children.

Owning a Property

Mexico offers similar procedures for buying property like that of Canada and the United States. There are restrictions, however, when you buy properties within 50 km of a beach or a border. If your choice of property is within these zones, you have to get a fideicomiso trust which is available from the local banks before you can make your purchase.

Taxes

Working in Mexico or running your own business means you are required to pay taxes. You do not have to worry about double taxation since Mexico has agreements with many countries which benefits foreigners by making sure that they only tax in one country. The best thing to do regarding taxes is to consult your tax adviser in your home country before relocating to Mexico. VAT tax in Mexico is around 16%

Car Insurance

It is illegal not to have your car insurance in Mexico. It is also required that you have at least the minimum coverage in case of injury or death of a third party. It is also highly recommended, although only optional that you avail of property and health insurances.

Choosing your Destination

And lastly, part of the joy of moving to Mexico is being able to live in some of the most beautiful places in the work at affordable prices. Many foreigners choose stunning sunny beach locations like Cabo San Lucas, Riviera Nayarit, Puerto Vallarta or Cancun, while others want to live in more temperate climates inland like San Miguel de Allende, Lake Chapala, San Cristobal de Las Casas. Whatever your preference, moving to Mexico will be one of the best decisions you will ever make.

Vallarta Real Estate Tips

Best Nuevo Vallarta Real Estate Tips

Are you looking for the best Nuevo Vallarta real estate tips? Are you considering purchasing property in Mexico? One thing to remember when purchasing property in another country is the purchasing process may be different than in the United States or Canada. You shouldn’t be alarmed as it isn’t worse, but just different. If you have a good realtor, then buying property in Nuevo Vallarta or anywhere else in Mexico will be a breeze.

Nuevo Vallarta Real Estate

Nuevo Vallarta is one of the best places to purchase real estate for retirement or even part time living to escape the snowy winters that North Americans are used to. Here are a few of the benefits of living in Nuevo Vallarta: cultural activities, tours, 8 golf courses, warm lovely people, beautiful beaches, a tropical lifestyle, and some of the best private medical facilities worldwide. Currently, the population of Nuevo Vallarta and Puerto Vallarta is around 350,000 people, many of whom are from the USA and Canada, who are property owners in Nuevo Vallarta.

Choosing an agent for Nuevo Vallarta Real Estate

Always check the references of your Nuevo Vallarta real estate agent, broker, or attorney before you make the move. One thing a realtor in Mexico should be is a member of the A.M.P.I., which is the Mexican Association of Professional Realtors. Also, before you hire the realtor ask these following questions:

  • Why did you make the move to Mexico?
  • How long have you been in Mexico real estate?
  • Why should I hire you?
  • Give me several reasons why I should work with you.
  • Can I have previous owner references?
  • Can you briefly describe your work ethic to me?
  • Do you currently own property in Mexico?

If your real estate agent owns property in Nuevo Vallarta, then they will know all the information about the town, so the last question is a good one to ask. There are many places to purchase property in Mexico including South Shore, Hotel Zone, Bucerias, Nuevo Vallarta, Puerto Vallarta Old Town, Mismaloya, so make sure you hire a professional who can give you all the information on your new neighborhood.

Don’t worry!

Buying Nuevo Vallarta real estate is not worse or better than back home, it’s only different! Always stay open minded, especially when you are dealing with the paperwork and the bureaucracy that you will encounter. These are the best Nuevo Vallarta real estate tips. Using these tips will help you purchase property in Mexico without any problems or difficulties.