Mexico

No.

You need an RFC number if you already own property and plan to rent it out, as it is required to pay rental income tax. If you do not plan to rent the property, a Tax Identification Number is not necessary. Often, rental companies handle tax payments on behalf of the client, eliminating the need for an RFC.

The RFC number is obtained through a local tax advisor, and a single physical visit to the tax office is required.

You need an RFC number to open a Mexican bank account. However, a bank account is not required to purchase property.

For property purchases, a passport and a proof of address are required. Translations or apostilles are not necessary.

No, funds are transferred directly to the developer’s account.

Depending on the municipality, taxes range from 2–3%, with an additional 10% tax on the initial tax amount in some areas. Total additional costs amount to approximately 8–10%.

Properties are turnkey, meaning fully finished floors, completed bathrooms, and kitchens often include appliances. Built-in wardrobes, fixed elements like countertops, and sometimes sun-blocking blinds are included. Furniture packages curated by interior designers are often available, and occasionally included in promotional offers.

Individuals who are not working in Mexico, do not have residency, or lack U.S. or Canadian passports cannot apply for bank mortgages in Mexico. However, some developers offer financing to foreign buyers.

Commissions range from 4–9%.

No license is needed. It’s best to outsource rental management to external firms, which are widely available in Mexico. Most property complexes have their own rental management companies.

Between 0.1–0.4% of the cadastral value of the property, depending on the municipality. Residential properties typically fall on the lower end of the spectrum. Discounts of 10–20% are available for early payments, depending on the municipality.

You sign a reservation agreement, typically for 15 days, with the option to extend, and make a refundable reservation payment of $3,000–$5,000 USD.

This depends on the specific complex. Often, utilities like water and internet are included in the maintenance fee, with electricity as the only additional cost. Monthly fees are generally much lower than in Europe.

There are many options, such as paying 20% upon signing the contract and 80% upon receiving the keys. Payment schedules vary by developer, and most are highly flexible. Some developers even offer financing for ready properties.

The developer receives the payment immediately.

Usually, about a month after the client signs the preliminary agreement and pays the first installment. This process may occasionally take slightly longer. Agents in Europe receive their payment as soon as the agent in Mexico is paid.

It depends on the developer.

The payment is made to the agent’s bank account after the developer pays the commission

Yes.

Yes.

This depends on the municipality, income bracket, and applicable deductions. The rate and amount are calculated accordingly.

• Annual property tax (Predial): typically 0.1%–0.4% of the cadastral value (the lowest assessed value).
• Annual bank trust management fee: approximately $500 USD.
• Maintenance fees (lower than in Europe), electricity, and optionally water and internet if not included in the maintenance fee.

There is no specific wealth tax in Mexico, but other taxes related to income, such as income tax, gift and inheritance taxes, or property sales taxes, may apply. Rates vary by municipality, amount, and deductions.

Yes.

No, only a passport and proof of address (e.g., utility bills) are required. Translation or apostille certification is not needed.

Yes, but this happens very rarely.

Between 8% and 10%. An exact breakdown is prepared by the legal office after the reservation is made.

By using our agency’s services.

• Reserve the property.
• Conduct due diligence via an independent legal office.
• Sign the preliminary agreement.
• Pay installments according to the agreement schedule.
• Take possession of the property.
• Finalize the notarial deed 3–5 months after receiving the property and establish the bank trust.

Via bank transfer; developers offer very flexible payment systems.

Interest is charged unless the delay is prolonged. In that case, the initial payment may be forfeited, and the agreement terminated.

No, physical presence is only required for the notarial deed unless a power of attorney is arranged during your visit to Mexico.

Via bank transfer to the developer’s account, as stated in the reservation agreement.

All transactions are monitored by an independent legal office that verifies the developer’s documentation, financial status, and permits. Our agency works only with reputable developers with extensive experience and a proven track record to prevent such situations.

Yes.

It depends on the stage of the project.

A specific power of attorney for the property purchase, issued by a notary during one of the client’s visits to Mexico, is required if the client cannot be present for the notarial deed.

It depends on the developer; sometimes it is possible.

Legal fees are paid before signing the preliminary agreement. Other costs, such as taxes, bank trust fees, registration, and notary fees, must be paid about three weeks before the notarial deed, which occurs 3–6 months after property possession.

No.

The reservation payment is refundable during the reservation period. However, if the preliminary agreement is signed and the first installment is paid, or the reservation period expires, the payment is non-refundable.

We work only with vetted developers with years of experience. Legal documentation is reviewed by an independent legal office that assesses risks. If a developer hypothetically defaults, there are legal steps, including filing a complaint with PROFECO (consumer protection agency) or pursuing court action.

No.

Yes, if you work with our agency.

Approximately 1% of the property price, with our clients currently receiving a 10% discount.

Yes, unless a power of attorney is issued by a Mexican notary.

Only part of the payment can be in cash.

The 2024 limit was approximately $46,000 USD (depending on the exchange rate).

No.

Yes, but it is not recommended. The company must be registered in Mexico, actively operating, and generating income, which involves more bureaucracy and costs.

No.

Yes.

You only have a guarantee that the property won’t be sold to someone else after making a refundable reservation, which usually costs $3,000–$5,000 USD. This reservation typically lasts for 15 days, but it can sometimes be extended to 30 days. The payment is made to the developer’s account based on the reservation agreement.

A local agent who speaks both your language and Spanish will be available.

Yes, purchases through our agency are always conducted with the assistance of an independent legal office working on behalf of the client.

Yes.

No.

Up to 10,000 Euro without declaring it.

There are no limits

This depends on the airline and the type of ticket purchased.

It depends on whether the property is ready or not. The date for receiving the keys is included in the agreement and is known to the client before purchase.

Yes.

Help with utilities is included; opening a bank account incurs a fee because it is not required for purchasing a property.

Yes.

It depends on the client, but an optimal duration is one week.

Yes, unless a power of attorney is issued through a Mexican notary at some point.

The best option is through platforms like Airbnb or Booking.com, which work well in Mexico.

It depends on the terms of their reservation.

Yes.