Live, Invest and Retire to Mexico

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Myriad Top Options Just Over the Border

MexicoAcapulcoTalk about options and opportunity! This big, extraordinarily diverse country offers two long coasts, mountains, and colonial cities…not to mention Mayan ruins, jungle, rain forest, rivers, and lakes (including our favorite, Lake Bacalar, in the Yucatan).

Mexico also wins the prize for most accessible to the U.S. You (or your loved ones) could drive back and forth for visits.

For all these reasons, Mexico is home to the biggest established populations of American expats in the world. It’s perhaps, therefore, your best choice if you seek an adventure overseas with all the comforts of home.

The Mexican government, through its FONATUR tourism development agency, has a seriously sound track record developing little stretches of this country’s coast. All interested investors have to do is to pay attention to where FONATUR is moving next to cash in.

Puerta Vallarta is as touristy a location for a second home at the beach as Lake Chapala (in our opinion) is one of the least-appealing developed expatriate communities in the world.

Colonial San Miguel de Allende, on the other hand, is charming.

Photo Gallery

(Click on the pictures to enlarge)

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Mexico at a Glance

Population 108.7 million (July 2007)
Gross Domestic Product (GDP) $1.353 trillion (2007)
GDP Per Capita $12,500 (2007)
Inflation Rate 3.8% (2007)
Currency Mexican Peso (MXN)
Exchange Rate Versus U.S. Dollar 10.8 Mexican pesos = 1 U.S. dollar (March 2008)
Languages Spanish
Capital Mexico City
Population of Capital City 18.7 million
Time Zone GMT minus 6
Seasons Coasts: hot, humid Inland: dry, warm year-round
International Dialing Code 52
Electricity 127V / 60 Hz; Plug Type: A, B (US style)
Federal Republic
Name and Party Affiliation
of Current Leader
Felipe Calderon, National Action Party
Income Tax Rate for Residents 3% to 29%
Property Tax 0.275% to 1.350%
Capital Gains Tax 28% of net profit with deduction options OR 25% of gross profit without deduction options
Inheritance Tax 0%
Rental Income Tax Taxed as regular income
Transfer Tax 2%
Sales Tax 15%
Restrictions on Foreign
Ownership of Property
For property 50 km from ocean or 100 km international border, foreigners must own through a bank trust (Fidecomeiso)
Local Chamber of Commerce www.ccmexico.com.mx
Paseo de la Reforma 42
06048 MEXICO, D.F.
Tel: (52-5) 592-0371
American Chamber of Commerce www.amcham.com.mx
Lucerna 78
Col. Juárez
06600 México, D.F.
Tel: (52-55) 5141-3800
Primary Exports Manufactured goods, oil and oil products, silver, fruits, cotton, vegetables, coffee
Residency and Visa Requirements Tourist Visa: 180 days
Residency: visitor, student, artist and sports people, distinguished visitor, local visitor, provisional visitor,correspondent/journalist, and religuous minister visas; immigrant visas for retirees, investors, professionals
Citizenship: after residency of a continual 5 years with an immigrant visa
Special Benefits for Foreign Residents or Retirees Valid foreign residents are eligible for Mexican senior citizen benefits that amount to discounts of up to 50% on a variety of goods and services, from health care to movie tickets to hotel rooms
National Airline Aeromexico – www.aeromexico.com
Mexicana – www.mexicana.com
Preferred Contact

 

Map

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Live And Invest Overseas

Live and Invest Overseas is the world's savviest source for top opportunities to live better, retire in style, invest for profit, do business, and own real estate overseas. Established in 2008, the Live and Invest Overseas' editors and correspondents have more experience researching and reporting on top opportunities for living well, investing for profit, doing business, and owning real estate around the world than anyone else you'll find.