How Do You Legally And Safely Purchase Property In Mexico?
How to legally, and safely purchase property in Mexico to avoid legal problems and or be overtaxed if you later decide to sell your property. Step 1 At this point let’s not consider coastal or land border properties. Besides your passport, you will have to have a Mexican Visa, preferable an FM2 or an FM3 temporary resident visa. SOME Notary Publics will accept your tourist visa (FMT). Step 2 If you simply purchase property without government permission, later, if you sell the property you will be taxed between 23% and 26% on the SALE PRICE, not on your net profit. To avoid this tax, see Step 3 Step 3 Your NEXT STEP is to select the property you wish to purchase. Then, go to the office of “Relaciones Exteriores” in the city where you wish to purchase. There, you will apply for “permission” to buy property as a foreigner. There is a charge involved for the permit. Step 4 Once you have the permission to buy the specific piece of property, you and the seller must go to a Notary Public to b
