How to live in mexico


How to live in Mexico?

路         Understand the rental market and the safest places to stay

路         Know the tax codes and how to maintain a clean financial slate

路         Learn the Spanish language

Relocating to Mexico can be as challenging as moving to a whole new country. This article has all the answers you need to make your stay in Mexico a worthwhile experience.

How To Live In Mexico: Moving To A New Country

If you are planning to go to Mexico for a few years or permanently, you need to prepare yourself for a culture shock, especially if you are not from a Latino Spanish-speaking country. Mexico is a lovely country with great weather and picturesque beaches and countryside, but it is not as advanced technologically as the US and other Western countries.

Despite the challenges of living in the country, there are millions of foreign nationals who live here, and a significant number of them are expatriates and business people. Many expats with permits issued by the Mexican immigration live in Mexico city, Puerto Vallarta and other parts of the country. They have health insurance and learn Spanish pretty quickly

Here are some things you should know to help you live comfortably in this Latin America country called Mexico.

Jobs Are Not So Easy To Come By

Mexico is a trillion-dollar economy and still experiencing economic growth with more potential for success in the future.  However, jobs are not so easy to come by. This best explains why many Mexican nationals migrate up north to look for better economic opportunities. Besides the tropical and hot weather is conducive for snowbirds.

To better your chances of looking for a job in Mexico, having a skill and the right qualifications will help you, but those won’t take you far if you can’t speak Spanish. Having Spanish skills will improve your chances of getting a job in any of Mexico’s numerous industries.

Or better still, you can open a business of your own. This will require investment capital and the required business registration process.

To better your chances of looking for a job in Mexico, having a skill and the right qualifications will help you, but those won’t take you far if you can’t speak Spanish. Having Spanish skills will improve your chances of getting a job in any of Mexico’s numerous industries.

Unregulated Rental Market

Living in Mexico will require comfortable accommodation. If you are relocating with your family, you will need an apartment to accommodate your household. But before your arrival, bear in mind that the rental market in the country is not regulated.

This means that property owners at free to regulate rental fees and sometimes do so at short notice.  Tenants have no choice but to pay the rent or leave. If you come from a country with a regulated rental market, this will come as a shock to you. But if you have a good estate agent with a wide network of contacts, you should be able to find a conducive accommodation.

For real estate contracts, there are two versions (Spanish & English) that landlords will issue to you, but only the Spanish version is recognized by law. The English version is to help you understand the content of the document.

Buying A Land

If you decide to buy land to build your own property, do well to hire an attorney to help you verify the document’s authenticity. Most lands in Mexico are owned by the Ejido (Local Community), and they have documents attached to them.

If you must buy land from a local community like San Miguel and San Diego, your attorney will verify its legal status, and only after this is confirmed should you pay for it.

Always Renew your Papers On Time

You most likely will be moving to Mexico with a temporary resident visa; if this is the case, make sure you renew it every year at least 30 days before it expires until the third year. For the fourth year, you don’t have to renew the document until about 30 before it expires, when you should then apply for permanent residency.

Keeping your residency documents updated with the Mexican immigration officials things will save you from violating the law and attracting legal sanctions from the government.

Traffic Laws

If you mist drive in Mexico, endeavor to obey the traffic laws of the land. Your car also needs to have a Mexican license plate too. There is also car insurance cover which you must take, which may be third-party or comprehensive insurance.

Value Added Tax

Another thing you must know to make your stay a seamless one is to understand the tax system. Mexico’s Value Added Tax is 15%, which is added to the cost of goods and services. However, you need to prepare either have an official receipt where you document these taxes instead of adding it to your profits.

Failure to do this will end up with you paying the tax yourself to the government.  The best method is to get a separate receipt called (Factura)  for tax purposes.

How to live in Mexico聽is not as tedious as you think if you know your way around that country. Follow the rules, avoid dangerous places, and you will be fine.